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�t I THIS INSTRUMENT CONSTITUTES A CONSTRUCTION SECURITY INTEREST UNDEfi IME.d BRASKA CON - i STRUCTION LIEN ACT. (Space Above ThK Line For Rec"din= Dahl t DEED OF TRUST AC, CONSTRUCTION SECURITY AGREENRO THb QEED OF TRUST V Security Instrument ") is made on May...: S , , j ;i489 . The trustor is : P{evin J. Kenyon and Michelle M. Kenyon« . each in hi„.' 4rcl her awn right, as spouse of each other (•borrower "). The trustw i .Earl Q.: Ahlschwede, Attorney ( "Trustee"). The Beneficiary is The Equitable Building and Loan Association which is organized and existing under the laws of the State of Nebraska , and who'., dress is 113 -115 North Locust Street, Grand Islam, Nebraska 68801 ( "Lender"). Borrower owes Lender the rincipal sum of Sixty Thousand and no/100 ----------- - - - - -- ------- - - - - -- Dollars (U.S. $ 60, 000.00 ). This debt is evidenced by Borrower's note dated the same date as r!. ' :Security Instrument ( "Note "). which provides for monthly payments, with the full debt if not zsid earlier, due and payableon as evidenced by the Note. 11iis Security Instrume= se:ures to Lender_ !a? the repayment of the debt evidenced 1,y the Note yFUh interest, and all renewals, extensions an' 3avdificaticas.; ? tine a�.,yment of all other sums, with inter-its, :advanced under paragraph 7 to protect the security of this Security Insv: amen; and (c) the performance of Borrower's cc i-enants and agreements. For this purpose, Borrower irrevocably grants --rd conveys to Trustee, intrust, with power of sale, the following described property _ located in Hall County, Nebraska Lot One (1), Kenyon Subdivision, µa,£11 County, Nebraska, rn w A M C Y• 1 ' i -' which has the address of Route #2 Grand Island , (Street) (city) Nebraska 68801 Code) ( "Property Address "); � TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, � appurtenances, rents, royalties. mineral. oil and gas right-- and profit--, water rights and stock and all fertures n w or hereafter apart of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." LBoFtRUwER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered. except for encumbrances of record. Iorrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THis SECURITY INSTRUMFNr combines uniform covenants for national use and iton-uniform covenants with limited variations by jurisdiction toconstitute a uniform securitj irstruntern covering real prt�pect }. tee. — „O1Crtts ,; ' "MA /FMI.MC UNIFORiri iiisTifuMEhf fetm 3020 12103 �.. ''• �Qasnaaasus . ... . tCD8�9�F6aJ n i - l 4