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<br /> � sn�IOWL•tDCMEN'I' OF DEED OF T� `.-:'°'':"�°
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<br /> HO�tROWERS READ THI3 BEFORE SIGNTNG: �,,,;:r,,���;'a'
<br /> Borrowers (whether one �+r mor�) undc�rstand that the documant • �'.�.�;:,,��=�"
<br /> t2�a�t the Borrowers are about to execute is a Deec� oS Trust and .�..,_
<br /> � a mortqage and that th� power of aale provided fox in the -___
<br /> � De�sd of T�as� prc�v�.des suhatantially differ�snt rights and ��;�:.
<br /> obligations to the borrowers �hen e mortgaqe in the event of a : ,, -~.__
<br /> � defaul� or breach o�F obliqation undar the Deed o! Truat, •�:� '
<br /> , including, but � limited to, tha n �'� right to have the � `:�=;v..,_�,
<br /> � proper�y sold by the Trustee withou an,y judiaia rc�ceeding. -�����-
<br /> �' ��'. Bor c�wers re r ent and warxant execu i n�th, D ec� Trust. �___
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<br /> $' DEED OF TRUST .''�
<br /> '• JI•
<br /> �' THIS DE�D OF TRUST is mad� aa of the 15th day of April, 1997 ` .�
<br /> �' � by and among the TRUSTORS, ARTHUR L. QUANDT AND REBECCA S. :'�
<br />� QUAt�1DT, husband and wiSe, as j oint tendnta and not a�e tenants in ��r'
<br /> coaunon whose mailing address is 3176 East Pra�irie Road, Grand �
<br /> � Islaaid, Nebras3ca 68801, (herein '•Borrowers01) the TRUBTEE, GRAND �
<br />'. � s ISLAND TRUST & FINAAICIAL SERVICES INC., whose mniling adriress is
<br /> 1451 NORTH WEBB ROAD, C3RAND ISLAHD, NE 68803� (hereSn ��.�i�-
<br /> "Trustee") , and the HFt�EFiCiARY, GRAND ISLAi�1D TRU3T COMPANH, L
<br /> ,. � �, wtsose mailing nddreea ie 1451 NORTH WEB9 ROAI), GRAND ISLANO, :,
<br />;• �. � NEBRASYtA, 68803 (harein "Lender") . =_
<br />_��� �' FOR VALUASLB CONSIDERATION, including the indebtednes+s -"
<br /> � identified herein creatQd, �he reaeipt of which is hareDy _
<br />=- � acknowledged, Bmrrowers hereby irrevocabYy qrants. transfers, _----- __
<br /> _�`• ` conveys and assigns to Trustee, iN TRUST, WITH POWER OF SAY.E, for =
<br /> _ the benef it and saauri�y of LendQr, urider and sub�e�t to the
<br /> ��•��. ;r;�-�.'_ terms and conditiona hereinaPter sat forth, the real properfiy F:
<br /> _,;�;�;r� dsscribed as f�llowas _ __ _
<br /> � '" T�e Southwest Quarter (SWi/4 0� Section One (1) , Townahip _—_ --_—
<br /> ° T�elve (12) North, Ranga Nine (9i, �]est of the 6th P.M. , Hall --_- —_,-
<br /> . � County, Nebra�3ca. ______—_ ___ -
<br /> •_:��::,����`:-
<br /> _ .. Together with a11 buildings, improvements, fixturos, �"a"�-"�:.
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<br /> . streeta, alleys, panaaagaw�ye, easemerste, r�tght�, privileges, and •�;���a�x.
<br /> appurtenances located tMereon or in anyway pertain3ng thereto, „ � �:_=.�r 1�� �:
<br /> and tha rents, iseuea and profits, reversions and remainders . � �:���
<br /> tlzereof, and su�h pereonal property that is at�aahed to the � �'•���:�;z�
<br /> ` improvemcants so as to constitute a fi�eture, includinq, but not ���`#` �
<br /> �� � lim3.ted to, h�atinc,� and cooling �quipment; and together with �he .
<br /> � �� homGatead or mar sta 1 �ntesest, if any, which intereste are hereby
<br />-. relc3aaed and waived; al1 of which, includinq replacements and � "
<br /> - � - - -- - �a:..�___ ,.f�_.__a._ t.� L�..�L... a....7s«..a �-., l,n n r,�rt n� �`hn roal -_ ..-------_--.. ._.
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<br /> �'_ __^_ _-_. _
<br />_ • � . estate secured by the lien of ��his Deed of Trusi� and all the
<br /> _ for�go3ng beir�g referred to herein as ttse "Property". '
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