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<br />201205860
<br />DEED OF TRUST
<br />$215,000
<br />July 1, 2012
<br />THIS DEED OF TRUST, is made as of July l, 2012, by and among JASON M. OWENS and
<br />JULIE M. OWENS, ("Trustors"), whose mailing address is 827 Stonewood Avenue, Grand
<br />Island, Nebraska, 68803, and ASHLEE L. WARING ("Trustee") whose mailing address is 7720
<br />Brummond Drive, Lincoln, Nebraska, and MICHAEL J. OWENS or JILL B. OWENS, or the
<br />survivor thereof, ("Beneficiaries") whose mailing address is 165 Donegal Road, Aurora,
<br />Nebraska, 68818.
<br />FOR VALUABLE CONSIDERATION, Trustors irrevocably transfer, convey, and assign to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiaries,
<br />under and subject to the terms and conditions of this Deed of Trust, the real properly located in
<br />the City of Grand Island, County of Hall, 5taxe of Nebraska, and legally described as follows (the
<br />"Properly"):
<br />Lot Forty-one (41), LaRue Third Subdivision, Grand Island, Hall County, Nebraska,
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in adjoining
<br />roads, streets and alleys, improvements and buildings of any kind situated thereon and a11
<br />personal property that may be or hereafter becomes an integral part of such buildings and
<br />improvements.
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $215,000.00, with interest
<br />thereon, as evidenced by that certain promissory note of even date (the "Note") with a
<br />maturity date of July 1, 2022, executed by Trustors, which has been delivered and is
<br />payable to the order of Beneficiaries, Michael J Owens and Jill B. Owens, and by this
<br />reference is hereby made a part hereof, and any and all modifications, extensions and
<br />renewal thereof, and
<br />b. Payment of all sums advanced by Beneficiaries to protect the Trust Estate, with
<br />interest thereon at the rate of three and one-half percent (3.5%) per annum, and
<br />c. The performance of Trustors' covenants and agreements.
<br />This Deed of Trust, the Note, and any other instruments given to evidence or futher secure the
<br />payment and performance of any obligation secured hereby are referred to collectively as "Loan
<br />Instruments."
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustors shall pay when due the principal of, and the
<br />interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as
<br />provided by the Loan Instruments.
<br />2. TAXES AND ASSESSMENT. Trustors shall pay all ta.xes and special assessments of every
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