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88- 106353 (Spoce -.. _ LIne v.. Re<cninl .....] DEED OF TRUST THIS DEED OF TRUST (''Security InslW'!leJ\li')Js~1'Rte November 28 19 88 .Thetrusloris Timothy C. Plate/ani! !leora'D. 'Plate, husband and wife ("Borrower"). The trustee is Norwest Bank Nebraska, National Association ("Trustcc"). The bcneficiary is Norwes t Bank Nebraska, Nati ona 1 Associ ati on ,which is organized and cxisting undcr Ibelaws of The United States of Al1E!rica ,andwhoscaddrcssis 202 West Third Street, Grand Island, Nebraska 68801 ("Lender"). Borrower owes Lcnder the principal sum of Ei ghty-seven Thousand Fi ve Hundred and no/l00ths-n- ---n------n-n-_-.n------Dol1ars(U.S. $ 87,500.00 ). This debt is evidenced by Borrower's nole dated Ibe same date as this Security Instrumenl ("Note"), which provide!; for monlbly payments, wilb lhe full debt. if not paid earlier, due and payable on December I, 2003. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by tbe Note, wilh interesl, and all renewals, extensions and modifications; (b) the payment of all other sums, wilb interest, advanced under paragraph 7 to prolecl the security of tbis Security Instrument; and (c) the peribnnance of Borrower's covenants and agreements. For Ibis purpose, Borrower irrevocably grants and conveys to Trustee, in trust, wilb power of sale, the following described property located in Ha 11 County, Nebraska: Lot Eighteen (18), Block Three (3), Southern Acres Addition to the City of Grand Island, Hall County, Nebraska. This is a purchase money deed of trust. Ncbrub 6~J 2608 South Chanticleer [......) ("Property Address"); Grand Island {City} which has the addrcso of TOGE1lU:R WJnt all the improvcmcats now or bcrcaftcr cn:cted on the property, and all easements, rights, ~ rents, royalties, minend, oil and gas rights and profits, water rights and stocl; and all fixtures now or haaftcr. pan oflhcpropcrty.A1I replaccmcnts and additions sbaII also becovcred by this Security Instrument. All oflbe f""'lOinlil referred to in thisSccurity Instnunent as the "Property." lloJutowal COvENANlS that Borrower is lawfully ..ued of the estale bereby conveyed and bas tbe righllo grant and ClJIn'e)' the Property and that Ihc Property is unencumbered, except for encumbrances of RCOrd. Borrower warranls and wiII defend pueraIIy Ihc titIc to the Property apinst all clai.... and demands. subject to any encumbrances of record. THIs SEcuItnY INSTIlUMENT combiDes wmonn covenants for national use and non~unironn covenants with Iimiud variations by jurildictioa to constitutea uniform IeCllfity instrumenl covering real propcny. NfIIlIAS&A--son V~/_ __ NIS 1164NE Form 3028 12/13 ..........'--",-~. ._1""