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<br />to: Denise D. Myers
<br />611 N. Diers Ave., Ste. 1
<br />Crrand Island, NE 68803
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<br />TRUST DEED
<br />THIS DEED OF TRUST is made on December 5, 2011. The Trustor is Ricky D. Rea.ves,
<br />("Borrower"). The Trustee is Stacie A. Goding, Attorney at La.w, 611 N. Diers Ave., Ste. 1, Crrand
<br />Island, NE 68803 ("Trustee"). The beneficiaries are Ronald E. 4bermeier and Dorothy J. Obermeier,
<br />P.O. Box 39, Cairo, NE 68824 ("Lenders"). Borrower owes Lenders the principal sum of Eighty
<br />Thousand Five Hundred Twenty Four and 58/100 Dollars ($80,524.58). This debt is evidenced by
<br />Bonower's note dated the same da,te as this Security Instrument ("Note"), which provides for
<br />monthly payments of Five Hundred and 00/100 Dollars ($500.00) per month for a period of 268
<br />months. The Security Instrument secures to Lenders: (a) the repayment of the debt evidenced by
<br />the Note, with interest, and all renewals, extensions and modifica.tions; (b) the payment of all other
<br />sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument;
<br />and (c) the performance of Borrower's covenants and agreements. For this purpose, Bonower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the following described
<br />property located in Hall County, Nebraska:
<br />Lot One (1), Block Eleven (11), Original Town of Cairo, Hall County, Nebraska.
<br />TOGETI�R WITH a11 the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights
<br />and stock and all fixtures now or hereafter a part of the property. All replacements and additions
<br />shall also be covered by this Security Instrument. All of the foregoing is referred to in ttus Security
<br />Instrument as the "Property".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed
<br />and has the right to grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances of record. Bonower warrants and will defend generally the title to the Property
<br />against all claims and demands, subject to any encumbrances of record.
<br />COVENANTS. Bonower a.nd Lenders covenant and agree as follows:
<br />1. Payment ofPrincipal and Interest; Prepayment and Late Charges. Bonower shall promptly
<br />pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and
<br />late charges due under the Note.
<br />2. Application of Payments. All payments received by Lenders under paragraphs 1 sha.11 be
<br />�d: first, to late charges due under the Note; second, to prepayment charges due under the Note;
<br />to interest due; and, last, to principal due.
<br />3. Charges; Liens. Bonower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which may attain priority over this Security Instrument, and leasehold
<br />payments or ground rents, if any. Borrower shall pay them on time directly to the person owed
<br />payment. Borrower sha11 promptly furnish to Lenders all notices of amounts to be paad under this
<br />paragraph. If Borrower makes these payments direetly, Borrower shall promptly furYUSh to Lenders
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which ha.s priority over this Security Instrument
<br />less Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a
<br />uiner acceptable to Lenders; (b) contests in good faith the lien by, or defend against enforcement
<br />the lien in, legal proceedings which in the Lenders' opinion operate to prevent the enforcement of
<br />; lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />reement sa.tisfactory to I,enders subordinating the lien to this Security Instrument. If Lenders
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