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<br />Return To: Dvoracek Title & Business Services
<br />P.O. Box 133
<br />St. Paul, NE 68873
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<br />TRUST DEED
<br />THIS DEED OF TRUST is made on December 3 1 , 2013. The Trustors are Roger D.
<br />Hanousek and Sylvia E. Hanousek, husband and wife, (collectively "Borrowers "). The Trustee is
<br />Denise D. Myers, attorney at law, of Myers & Daugherty, P.C., 611 N. Diers Ave., Ste. 1, Grand
<br />Island, Nebraska 68803, ( "Trustee "). The beneficiaries are Roger Day and Judy L. Day, husband
<br />and wife, 10965 Peaceful Valley Road, Colorado Springs, CO 80725, and Kaylene G. Hoffman, a
<br />single person, 2608 College Street, Grand Island, NE 68803, hereinafter collectively ( "Lender ").
<br />Borrower owes Lender the principal sum of One Hundred Forty Thousand and 00/100 Dollars
<br />($140,000.00). This debt is evidenced by Borrower's note dated the same date as this Security
<br />Instrument ( "Note "), which provides for payment of principal, plus accrued interest in annual
<br />payments. The Deed of Trust (sometimes referred to herein as "security instrument ") secures to
<br />Lender: (a) the repayment of the debt evidenced by the Note, and all renewals, extensions and
<br />modifications; (b) the payment of all other sums advanced under paragraph 4 to protect the security
<br />of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For
<br />this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />following described property located in Hall County, Nebraska:
<br />The Southeast Quarter (SE1 /4), of Section Eight (8), Township Eleven (11) North,
<br />Range Twelve (12), West of the 6 P.M., Hall County, Nebraska, EXCEPT a tract
<br />of land described as: Beginning at the Southeast corner of said quarter and running
<br />thence West along the South line of said quarter 55 rods for a point of beginning;
<br />thence running West along the South line 40 rods; thence running North at right
<br />angles 30 rods; thence running East at right angles 40 rods; thence running South
<br />at right angles 30 rods to the point of beginning.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property ".
<br />BORROWERS COVENANT that Borrowers are lawfully seised of the estate hereby
<br />conveyed and have the right to grant and convey the Property and that the Property is
<br />unencumbered. Borrowers warrant and will defend generally the title to the Property against all
<br />claims and demands, subject to any encumbrances of record.
<br />COVENANTS. Borrowers and Lender covenant and agree as follows:
<br />1. Payment of Principal; Prepayment and Late Charges. Borrowers shall promptly pay
<br />when due the principal on the debt evidenced by the Note and any prepayment and late charges
<br />due under the Note. Prepayment of principal or any part thereof, shall be allowed at the expiration
<br />of ten (10) years from December 1, 2013, by giving written notification to the Lender, without the
<br />prior written consent of Lender.
<br />2. Charges; Liens. Borrowers shall pay all real estate taxes and assessments attributable
<br />to the Property which may attain priority over this Security Instrument, and leasehold payments or
<br />ground rents, if any.
<br />Borrowers shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrowers: (a) agree in writing to the payment of the obligation secured by the
<br />lien in a manner acceptable to Lenders; (b) contest in good faith the lien by, or defend against
<br />enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br />enforcement of the lien or forfeiture of any part of the Property; or (c) secure from the holder of the
<br />lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If
<br />Lender determines that any part of the Property is subject to a lien which may attain priority over
<br />this Security Instrument, Lender may give Borrowers a notice identifying the lien. Borrowers shall
<br />satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of
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