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<br /> DEED OF TRUST � �
<br /> TIIIS DCI.D OI�'fRUS'1`,mnde this da of April � is 98 b and amon �
<br /> � � Y g C,
<br /> F. F. Lvnch, as Trustee of the . F. Mike Lvnch Revocable 'I`rust
<br /> whose mniling address is
<br /> . ' ��
<br /> (hercin"Trustor");and �ld �2T�11b11C Natianal Tit�e Insurance COTT1paTly �
<br /> whose mailing address is C/o Gz'and Islatld Abstz'aCt. Escrow & Tltle CO
<br /> 113 West 2nd Street Grand Island Nebraska 68801
<br /> (herein°T�ugc�e•�e�a The Grand Island Hamestea.d. L.L.C. , a Nebraska. limited liabilitv ca�anv ,
<br /> whose mailing address is C O 0 �O�T�2StP�2. CC7IT1Qa.Tly, � E3St 1,2W1S, TnT1CiZl.t3, Kansas,�� 67211
<br /> (herein"I3eneficiury").
<br /> P'OR VALUABLC CONSIDERATION,Trustor irrevocably grants, transfera,conveys and assigns to Trustee, IN.TRUST, WITH POWGR OF
<br /> SALC,for the benefit und security of IIeneficiaty,under and subject to the terma and conditiona of this Deed of Trust,the following described renl
<br /> proper6y,localecf in Grand Island� �.11 County,Nebraska:
<br /> Lot One (1) Weis A�cres Subdivision in the City of Grand Island, Ha.11 Co�ty, Nebraska..
<br /> TOC�Tfi�R WITH,all rents,pro6ts,royalties,income and other benefits derived from the real property;all leases or subleases covering the
<br /> real property or any portion thereof,now or hereafter existing or entered into,and all right,title and intereat of Trustor thereunder;all interests,
<br /> estates or other claims,Uoth in law and in equity,which Truetor now has or may hereafter acquire in the real property;all easements,rights-of-
<br /> wny,tenements,hereditaments und nppurtenances thereof and thereto;ull oil and gas ri�hts and profits,water rights and water stock;all right,
<br /> litle and interest of Trustor,now owned or hereuRar ac uired in and to an land 1 in
<br /> 9 . � Y y �within the right-of-way of any street or highway adjoining
<br /> the rec+l property;and any and all buildin�s,fixturea,improvementa,and appurtenances now or hereatter erected thereon or belonging thereto,
<br /> w w r '
<br /> (herein referred to as Im rov
<br /> oment or Im r
<br /> P ovements".All oC the for
<br /> p ) egoing real property and other property and intereats conveyed to Trustee
<br /> are herein collectively referred to as the"Property."
<br /> This Deed of Trust is given lo secure the repa�yment of the obli�ationa due purauant to: �1e HlA1C�Ted `�72Ilty—ri711e �'�1�L1Sand
<br /> � a certain promissory note dated �Tll , 1998, ;n the original principal aum of Three HLa7C�S'2C1 FOrty—tW0 and 50/100
<br /> � Dollara($����+�=5� ),with a final maturity date of , (herein referred to as
<br /> the"Note")and interest thereon according to the terma of the Note with any and all extensions,renewala,modifications,or substitutions
<br /> thereof;
<br /> D � � � ,
<br /> and each nnd every debt,linbility and obligation of every type and description,including guArnntees or accommodations,which the Trustor may
<br /> now,or aL nny lime herenller,owe or be obligul,ed Lo the IIeneficiury whether such debt, liability,or oblignLion now exists or hereaRer nrises,is
<br /> direct or indirect, due or to become due, absolute or contingent,primary or secondary,liquidated or unliquidated,or joint, several,or joint and
<br /> several. All such debts, liabilitiea and obligations, including but not limited to the Note, are all collectively hereinafter reCerred to as
<br /> "Obligntions."
<br /> 'fhe lotul principttl nmount,excluaive of interest,of the Obligations,including nny future debts,advances,liabilities or obligntiona,no6 includ•
<br /> ing, ho ver, s ma nce�jQr }�j ,��ot,ection and/o n t r t e i ' tnterest therein,ahalF:,not exceed the '
<br /> s�m oc�ne ��'recf'`�°wen y- �rriousand �i'�'i�`�� �i�i����"o��y-�o����ot�sr8 c5�.342.5�n �,
<br /> PROVIDF.D, HOWEVCR,THAT NOTHIN(3 CONTAINGD HGRGIN SHALL CONSTITUTC A COMMITMENT TO MAIC� ADDITIONAI.OR -
<br /> I'UTUR�LOANS OR ADVANC�S IN ANY AMOUNTS.
<br />
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