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<br /> DEED OF TRUST "-
<br /> ,I.
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on November 23 .
<br />19 BB . The trustor is James G. Clampitt and Verna Rae Clampitt, eacn in hJ.s and her own
<br />right, and as spouse of each othElPBorrower"). The trustee is Earl O. Ahlschwede
<br />("Trustee"). The beneficiary is
<br />The Equitable Building and Loan Association . which is organized and existing
<br />underthe laws of the State of Nebraska , and whose address is 113-115 North Locust
<br />Street, Grand Island, Nebraska 6BBOl ("Lender").
<br />BorrowerowesLendertheprincipalsumof Thirty Two Thousand Eight Hundred and no/l00 --------
<br />----------------------------Dollars (U.S. $ 32, BOO, 00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ("Note"), which provides for momhly payments, with the full debt, if not
<br />paid earlier, due and payable on December 1, 2004
<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 sulI)s, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the perfonnance 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 property
<br />
<br />located in Hall County. Nebraska:
<br />
<br />Lots One (1), Two (2), Three (3), Four (4), Five (5), Six (6), Seven (7), Eight (B),
<br />Nine (9) and Ten (10), in Block Two (2), of Brown's Addition to Aida, Hall County,
<br />Nebraska,
<br />
<br />which ha. the address of
<br />
<br />412 West Third
<br />ISI<oot]
<br />
<br />Aida
<br />
<br />rClly)
<br />
<br />Nebraska
<br />
<br />6BB10
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<br />
<br />TOGE1lIER WITH 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, waler rights and stock and all fixtures now or
<br />bercafler a part of the property. All replacements and additions shall also be covered by this SecurilY Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property."
<br />
<br />BoRROWER COVENANTS that Borrower is lawfully seised of the eslale hereby conveyed and has the right to grant
<br />and con\'e)' tbe Propcrt). and that the Property is unencumbered. except for encumbrances of record. Borrower warrants
<br />and will defend generaIly the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />
<br />THIS SECURITY INSTRUMENT combines unifonn covenan15 for national use and non.unifonn covenants with
<br />limitrd variationl b)" jurisdiction 10 constitute a unifonn securi1y instrument covering real propen)'.
<br />
<br />("Property Address");
<br />
<br />NEBRASIIA-s<"Ilo flm'r-l'NIIAIFHUIC UNIFOIlII INS11lUIIENT
<br />
<br />Form 3028 12/83
<br />
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