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<br />DEED OF TRUST
<br />61 1700
<br />IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN -END AND SECURES FUTURE ADVANCES. NIP
<br />G
<br />THIS DEED OF TRUST is made this 26TH day of MARCH , 20 01 , among the Grantor,
<br />CHRIS BOERSEN AND MESA BOERSEN, HUSBAND AND WIFE, CONVEY TO GRANTEES, AS JOINT
<br />TENANTS AND NOT AS TENANTS IN COMMON
<br />(herein "Borrower "), AMERICAN PIONEER TITLE INSURANCE COMPANY
<br />(herein "Trustee ") and the Beneficiary, BENEFICIAL NEBRASKA I NC . D / B / A BENEFICIAL MORTGAGE CO.
<br />a corporation organized and existing under the law of NEBRASKA whose address is
<br />2604 ST PATRICK, STE 7, GRAND ISLAND, NE 68803
<br />(herein "Lender").
<br />The following paragraph preceded by a checked box is applicable.
<br />X I WHEREAS, Borrower is indebted to Lender in the principal sum of $ 11,304, 26
<br />evi Inced by Borrower's Loan Agreement dated MARCH 26, 2001 and any extensions or renewals thereof
<br />including those pursuant to any Renegotiable Rate Agreement herein "Note" , providing for monthly installments of
<br />principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on MARCH 26, 201 1 ;
<br />0 WHEREAS, Borrower is indebted to Lender in the principal sum of $ , or so much thereof
<br />as may be advanced pursuant to Borrower's Revolving LoanAgreement dated and
<br />extensions and renewals thereof (herein "Note "), providing for monthly installments, and interest at the rate and under
<br />the terms specified in the Note,including any adjustments in the interest rate if that rate is variable,and providing for a
<br />credit limit stated in the principal sum above and an initial advance of $
<br />TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note,
<br />with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the
<br />contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in
<br />accordance herewith to protect the security of this Deed of Trust; and the performance of the convenants and
<br />agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust with power of sale, the following described property
<br />located in the County of HALL State of Nebraska:
<br />A TRACT OF LAND COMPRISING A PART OF LOT SEVEN (7), NORWOOD
<br />SUBDIVISION OF PART OF THE WEST HALF OF THE NORTHWEST
<br />QUARTER (W1/2 NW1 /4) OF SECTION TEN (10), TOWNSHIP ELEVEN
<br />(11) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M., CITY OF
<br />GRAND ISLAND, NEBRASKA, HALL COUNTY, AND MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS; BEGINNING AT A POINT ON THE SOUTH
<br />LINE OF SAID LOT SEVEN (7), SAID POINT BEING THREE HUNDRED
<br />FORTY -FIVE FEET (345.0') EAST OF THE SOUTHWEST CORNER OF
<br />SAID LOT SEVEN (7); THENCE RUNNING EAST ALONG THE SOUTH
<br />LINE OF SAID LOT SEVEN (7) A DISTANCE OF SIXTY FEET
<br />(60.0'); THENCE RUNNING NORTH, PARALLEL TO THE WEST LINE OF
<br />SAID LOT SEVEN (7) A DISTANCE OF ONE HUNDRED SEVENTY FEET
<br />(170.0'); THENCE RUNNING WEST, PARALLEL TO THE SOUTH LINE
<br />OF SAID LOT SEVEN (7), A DISTANCE OF SIXTY FEET (60.0);
<br />THENCE RUNNING SOUTH, PARALLEL TO THE WEST LINE OF SAID LOT
<br />SEVEN (7), A DISTANCE OF ONE HUNDRED SEVENTY FEET (170.0) TO
<br />THE POINT OF BEGINNING.
<br />01 -01 -00 DOT I11111111111111111111111111111111111111111111111111111111I 11111111111lilllllll111111111111111111111111llll11111IN111lll11111llil1111111111111111111111111
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