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<br />DEED OF TRUST
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on Dec 29, 2000
<br />B & B RENTAL PROPERTIES INC.
<br />( "Borrower "). The trustee is FART, D. AHLSCHWEDE , ATTORNEY
<br />( "Trustee "). The beneficiary is The Equitable Building & Loan Association, FSB
<br />which is organized and existing under the laws of The State of Nebraska
<br />address is 113 -115 N. Locust Street
<br />The trustor is
<br />and whose
<br />Grand Island, NE 68801 -6003 ( "Lender "). Borrower owes Lender the principal sum of
<br />TWO HUNDRED SEVENTY SIX THOUSAND FIVE HUNDRED AND 00 /100
<br />Dollars (U.S. $$276, 500.00 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for
<br />monthly payments, with the full debt, if not paid earlier, due and payable on February 5, 2006
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in Hall County, Nebraska:
<br />ALL THAT PART OF LOTS THREE (3) AND FOUR (4), BLOCK THREE (3), IN LAKEVIEW, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA MORE PARTICULARLY DESCRIBED AS
<br />FOLLOWS: COMMENCING AT A POINT FIFTY SIX (56) FEET SOUTH OF THE NORTHWEST CORNER OF LOT
<br />FOUR (4) IN SAID BLOCK; RUNNING THENCE EAST PARALLEL WITH THE NORTH BOUNDARY LINE OF
<br />SAID LOTS, A DISTANCE OF SEVENTY (70) FEET; THENCE SOUTH, PARALLEL WITH THE WEST
<br />BOUNDARY LINE OF SAID LOT FOUR (4), A DISTANCE OF FORTY TWO (42) FEET; THENCE WEST, A
<br />DISTANCE OF SEVENTY (70) FEET; AND THENCE NORTH A DISTANCE OF FORTY TWO (42) FEET TO
<br />THE PLACE OF BEGINNING.
<br />which has the address of 507 S LOCUST
<br />GRAND ISLAND [city], Nebraska 68801
<br />NEBRASKA - Single Family- FNMA /FHLMC UNIFORM
<br />INSTRUMENT Form 3028 9/90
<br />OM - 6R(NE) (9212).05 Amended 5/91
<br />® VMP MORTGAGE FORMS - (800)521-7291
<br />Page 1 of 6 Initials:
<br />[zip Code] ( "Property Address ");
<br />[Street]
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on Dec 29, 2000
<br />B & B RENTAL PROPERTIES INC.
<br />( "Borrower "). The trustee is FART, D. AHLSCHWEDE , ATTORNEY
<br />( "Trustee "). The beneficiary is The Equitable Building & Loan Association, FSB
<br />which is organized and existing under the laws of The State of Nebraska
<br />address is 113 -115 N. Locust Street
<br />The trustor is
<br />and whose
<br />Grand Island, NE 68801 -6003 ( "Lender "). Borrower owes Lender the principal sum of
<br />TWO HUNDRED SEVENTY SIX THOUSAND FIVE HUNDRED AND 00 /100
<br />Dollars (U.S. $$276, 500.00 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for
<br />monthly payments, with the full debt, if not paid earlier, due and payable on February 5, 2006
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in Hall County, Nebraska:
<br />ALL THAT PART OF LOTS THREE (3) AND FOUR (4), BLOCK THREE (3), IN LAKEVIEW, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA MORE PARTICULARLY DESCRIBED AS
<br />FOLLOWS: COMMENCING AT A POINT FIFTY SIX (56) FEET SOUTH OF THE NORTHWEST CORNER OF LOT
<br />FOUR (4) IN SAID BLOCK; RUNNING THENCE EAST PARALLEL WITH THE NORTH BOUNDARY LINE OF
<br />SAID LOTS, A DISTANCE OF SEVENTY (70) FEET; THENCE SOUTH, PARALLEL WITH THE WEST
<br />BOUNDARY LINE OF SAID LOT FOUR (4), A DISTANCE OF FORTY TWO (42) FEET; THENCE WEST, A
<br />DISTANCE OF SEVENTY (70) FEET; AND THENCE NORTH A DISTANCE OF FORTY TWO (42) FEET TO
<br />THE PLACE OF BEGINNING.
<br />which has the address of 507 S LOCUST
<br />GRAND ISLAND [city], Nebraska 68801
<br />NEBRASKA - Single Family- FNMA /FHLMC UNIFORM
<br />INSTRUMENT Form 3028 9/90
<br />OM - 6R(NE) (9212).05 Amended 5/91
<br />® VMP MORTGAGE FORMS - (800)521-7291
<br />Page 1 of 6 Initials:
<br />[zip Code] ( "Property Address ");
<br />[Street]
<br />
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