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<br />"~ eX: c> en <br />ca 0-< <br />:z: <::> 00'" <br />= =i~ co~ <br />" . -= ~lr~ I i <br />~ <br />~f co -r'I a t-a <br />=- ~.&~i <br />~ ~ == <br />::> CD ~ent - ~ <br />If> <br /> U'I <br /> CA> <br /> U> J <br /> <br />[Spice Above This Une For Recordlnl Dlta] <br /> <br />DEED OF TRUST <br /> <br />"7-::: <br />C7 ~" <br />~ <br /> <br />THIS DEED OF TRUST ("Security Instrumen''') is made on November 7, <br />!il 19 88. The trustor is James Phipps and louann Phipps, each in his and her own right, and <br />:- as spouse of each other ("Borrower"). The trustee is Earl 0, Ahlschwede <br />~ ("fus~").The~ficiaryis <br />. The Equitable Building and loan Association ,whichisorganizedandexisting <br />Ul underthe laws of the State of Nebraska ,andwhoseaddressis 113-115 North locust <br />-t Street, Grand Island, Nebraske 6B801 ("Lender"). <br />~ Borrower owes lender the principal sum of Sixty Thousand and no/l00 _____________n____n____ <br />n -------------------------n--oollars (U.S. $ 60,000,00 ). This debt is evidenced by Borrower'sno'e <br />... dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt. if not <br />paid earlier, due and payable on December 1, 2009 <br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest. and all <br />renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to <br />protect the security of this Security Instrument; and (e) the performance of Borrower's covenants and agreements. For this <br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described propeny <br /> <br />located in Hall County, Nebraska: <br /> <br />lot One (1), l-K Subdivision, to the City of Grand Island, Hall County, Nebraska, <br /> <br />which haslheaddress of 1812 Barbara Avenue <br />(Street] <br /> <br />Grand Island <br />(Cllyl <br /> <br />Nebraska <br /> <br />68803 <br />(Zip Code) <br /> <br />("Propeny Address"); <br /> <br />TOOETHER Wlrn all the improvements now or hereafter erected on the property, and all easements, rights, <br />appurtenances. rents, royalties, mineral. oil and gas rights and profits. water rights and stock and all fixtures now Of <br />hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. AU of the <br />forcgoingisfcfcrrcd to in this Security Instrument as the "Propcny." <br />BoRROWER COVENANTS that Borrower is lawfuUy seised of Ihe estate hereby conveyed and has the right to grant <br />and convey the Propcrty and that the Property is unencumbered. except for encumbrances of record. Borrower warrants <br />and will defend generally the title 10 the Propert)' against all claims and demands, subjecl to any encumbrances of record. <br />THIS SECURITY INSTRllMf.Nl combines uniform covenanb for national use and non-uniform covcnanls with <br />limited variations by jurisdiction lncon!lolilutr n unirnrm security instrument covering renl properly <br /> <br />NEBRASKA-Smile Fllmlly-fHMA/rHLMC UNIFORM INSTRUMENT <br /> <br />Form 3028 12/83 <br /> <br />t. 11t~"'~" ,'", l~"/l.' ,,\.I',!~r.;'M',:.")IIM:, '",: <br />t-eoo..a3.Qft1. ............ . '.'" '...~.. ,_.00.3S..2..3 <br />