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<br /> NEBRASKA
<br /> SECOND OEED OF TRUST
<br /> (H�iA Ipan)
<br /> This Second Deed of Trust tthis 'Second Deed of Trust"�, is made as of]�ember 29 1999, by and amonfl
<br /> Jenny Arends
<br /> A single woman('Trustor"), whose mailing address is 516 North Broadwell Street Grand Island, �
<br /> Conenercial Federal Bank l"T�ustee") , whose mailing address i� 1�0����tttS01
<br /> Omaha, NE 681 01-1 1 03 . , Nebraska; and Nebraska Investment Finance Authonty
<br /> ("Beneficiary"), whose mailing address is 200 Commerce Court, 1230 O Street, Lincoln, Nebraska 68508-1402.
<br /> FOR VA�UABLE CONSIDERATION, Trustor irrevocably transfers,conveys and assigns to Trustee, IN TRUST,WITH POWER
<br /> OF SALE, for the benefii and security of Beneficiary, under and subject to the terms and conditions of this Second Deed of Trust,
<br /> the real property, lepally described un Exhibit A attached hereto and incorporated herein by reference (the "Property"); and
<br /> TOGETHER WITH,aU�ents, profits, royalties, income and other benefits derived from the Property(collectively, the"rents"), '
<br /> all leases or subleases covering the Property or any portion thereof now or hereafter existing or entered into, and all right, title and
<br /> interest o( Trustor thereunder, all righi, title and inierest of Trustor in and to any greater estate in the Property owned or hereafter '
<br /> acquired, all interests, estate or other claims, both i� law and in equity, which Trustor now has or may hereafter acquire in the
<br /> Property, all easements, �iflhts-of-way, tenements, hereditaments and appurtenances thereof and thereto, all water rights, all right,
<br /> title and interest of Trustor, now owned or hereafter acquired, in and to any land, lying within the right-of-way of any street or '
<br /> highway adjoining the Property, and any and all alleys and strips and gores of land adjacent to or used in connection with the '
<br /> Property, and any and aIl buildings, fixtures and improvements now or hereafter erecied thereon (the 'Improvements"), a�d aU the
<br /> estate, interest, riflht, titte or any claim or demand which Trustor now has or may hereafter acquire in the Property, and any and
<br /> all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or a�y part of
<br /> the Trust Estate, including without limitation any awards resulting from a change of grade of streets and awards for severance '
<br /> damages.
<br /> The Property and ihe entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate".
<br /> For the Purpose of Securinfl:
<br /> A. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Beneticiary; and
<br /> B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of '
<br /> sixteen percent (16%) per annum.
<br /> The (ndebtedness described in paragraphs A and B above is referred to as the 'Indebtedness." �
<br /> 7his Second Oeed of Trust, any promissory note of Trustor in favor of Beneficiary and any other i�strument given to
<br /> evidence or turther secure the payment and performance of any obligation secured hereby are referred to collectively as the 'Loan '
<br /> Instruments'.
<br /> Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawful authority to encumber the Trust Estate,
<br /> (ii) the Trust Estate is free and clear of all liens and encumbra�ces except for easements, restrictions and covenants of record and
<br /> the Oeed of Trust from Trustor encumbering the Property dated on or about the date hereof (the "Fi�st Deed of Trust"), and
<br /> (iii) Trustor will defend the T�ust Estate apainst the lawful claims of any person.
<br /> To Protect the Secu�ity of thts Second Deed of Trust:
<br /> 1. Payment ot/ndebtadness. Trustor shall pay when due the principal of, and the interest on, the Indebtedness and
<br /> all other sums as provided in the Loan (nstruments.
<br /> 1 NIFA 2/96 u�_
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