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<br />Please return to: Judy Soulliere 7 -
<br />Nebraska Energy Federal Credit U�ni.on ����
<br />141415th Street, PO Box 499
<br />Columbus, NE 68602-0499
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<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the
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<br />among the Trustor, John T Welch and Jo,yce M Welch husband and wife 1
<br />whose maaling address is 6 W Faidley Avenue. Grand Island. Nebraska 68803 1
<br />(herein "Trustor", whether one or more). The Trustee: NEBRA�KA. ENERGY FEDERAL CREDIT UNiON
<br />whose mailing address is: P.O. Box 499, Columbus, NE 68602-0499. (herein "Trustee"), and the Beneficiary:
<br />NEBRASRA ENERGY FEDERAL CREDIT iTrTION whose *nA� ±1� address is: P.O. Box 499, Columbus, NE
<br />68602-0499 (herein "Lender").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to:
<br />� John T Welch and Joyce M Welch husband and wife �
<br />(herein `Borrower," whether one or more) and the trust herein created, the receipt of which is hereby acl�owledged,
<br />Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE,
<br />for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br />property descnbed as follows: 4116 W Faidley Avenue, Grand Island NE 68803
<br />Lot Eleven (11), Westwood Park 4th Subdivision, Grand Island, Hall County, Nebraska
<br />Together with all buildings, impzovements, fixtures, stree�s, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br />remainders thereo� and such personal property that is attached to the improvemexrts so as to constitute a fixture,
<br />includin.g, but not limited to, heating and cooling equipment; and together with the homestead or marital interests, if
<br />auy, which interests are hereby relea.sed. and waived; all of which, i.ncluding replacements and additions thereto, is
<br />hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br />referred to herein as the "Property".
<br />This Deed. of Trust shall secure (a) the payxnent of the principal sum and interest evidenced by a promissory note
<br />or credit agreement da.ted [ January 27, 2012 1, h�ving a maturity date of Januar,K.27� 2022 1
<br />in the original pziucipal amount of [$ 50 000_00 1, and any aud all modi.fications, extensions
<br />and renewals thereof or thereto and any and all future advances and rea.dvances to Borrower (or any of them if more
<br />than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note"); (b) the
<br />payment of other sums advanced. by Lende�r to protect the aecurity of the Note; (c) the performance of all covenants
<br />and agreements of Trustor set forth herein; and (d) all presen� and future indebtedness an3 obliga�ons of Borrower
<br />(or any of them i£more than one) to Lender whether direct, indirect, absolute oz contiugent and whether arising by
<br />note, guaranty, overdraf� or otherwise. The Note, this Deed of Trust and any and all oYher documents that secure the
<br />Note or otherwise executed in connection therewith, including without limitaxion guarantees, security agreements
<br />and assignments of leases.and rents, shall be referred to ;aerein as the "Loa.� Instruments".
<br />Trustor covenants and agrees with Lender as foYiows:
<br />1. Payment of Indebtedness. All. indebtedness secured hereby shall be paid when due.
<br />2. Tit1e. Trustor i�s the owner of the Properiy, has the right and authority to convey the Pzoperty, and
<br />warxants that the lien crea.ted hereby is a first and prior lien on the Property, except for liens and encumbrances set
<br />forth by Trustor in writing and delivered to Lender before execution of this Deed of Tnist, and the execution and
<br />delivery of this Deed of Tzust does not violate any contrsct or other obligation to wluch Trustor is subject
<br />3. Tages, A,ssessments. To pay be£ore delinquency all taxes, special assessments and all other
<br />charges against the Property now or hereafter levied.
<br />4. Inaura.nce. To keep the Property insured against damage by fire, hazards included within the term
<br />"extended coverage" and such other hazards as Lender may require, in amounts and with companies accepta.ble to
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