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Return Recorded <br />Archer Cooperati <br />510 G Street <br />Central City, NE <br />(2) <br />( <br />Document To: <br />ve Credit Union <br />68826 <br />STATE OF NEBRASKA <br />COUNTY OF Merv. c.k <br />Executed: Novemb€:e- 1 , 2012. <br />:ss. <br />• <br />jea GENERKNOTMW- 8iete a <br />REX L MNJERT <br />ea <br />S omm. bp. Nor. 22, 2015 <br />Grantor covenants with Grantee that Grantor: <br />DEED IN LIEU OF FORECLOSURE <br />MIDWEST BUILDERS, INC., a Nebraska Corporation, Grantor, in consideration of the <br />forgiveness of debt and other valuable consideration received from Grantee, ARCHER <br />COOPERATIVE CREDIT UNION, conveys to Grantee, the following described real estate (as <br />defined in Neb. Rev. Stat. §76 -201): <br />All of Block Five (5), Ponderosa Lake Estates Subdivision, in the City,.of Grand. ., <br />Island, Hall County, Nebraska, <br />(1) is lawfully seised of such real estate and that it is free from encumbrances <br />except for unpaid real estate taxes for 2010 and 2011, and the Real Estate <br />Deed of Trust referred to herein; <br />has legal power and lawful authority to convey the same; <br />warrants and will defend title to the real estate against the lawful claims of all <br />persons. <br />This Deed in Lieu of Foreclosure is an absolute conveyance for a fair and adequate <br />consideration, being the forgiveness of debt secured by the Real Estate Deed of Trust dated March <br />21, 2011, and recorded on March 22, 2011, as Instrument No. 0201102254 in the Office of the Hall <br />County Register of Deeds. Grantor declares that this conveyance is freely and voluntarily made by <br />Grantor. <br />MIDWEST BUILDERS„ IN a.,Nebraska <br />Corporation, <br />By: in-CLNSiNs24------ <br />Marcey Shafer <br />President <br />The foregoing instrument was acknowledged before me on the 1st day of RoVem6er, <br />2012, by Marcey Shafer, President of Midwest Builders, Inc., a Nebraska Corporation, known to me <br />personally, and/or by satisfactory evidence, to be sai s • - _ , • escribed herein and subscribing <br />hereto. <br />Not. Public <br />C) <br />G <br />CJ <br />r <br />Cr) <br />n <br />-1 <br />m <br />r <br />It; <br />N : <br />