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WHEN RECORDED, RETURN TO:
<br />Western National Bank
<br />P.O. Box
<br />Cairo, NE/58824
<br />NEBRASKA DEED OF TRUST
<br />SECURITY AGREEMENT - FINANCING STATEMENT
<br />The undersigned:
<br />Robert J Allan and Jane R Allan, husband and wife
<br />Address References:
<br />Tract 1: 917 West John Street, Grand Island, Nebraska
<br />Tract 2: 1007 Main Street, Wood River, Nebraska
<br />Type of Instrument: Promissory Note
<br />Form NEDEED Page 1 of 5
<br />, whose address is 962 S Highway 11 Wood River, NE 68883
<br />(hereinafter called "TRUSTORS ", whether one or more), for the purpose of securing the indebtedness
<br />hereinafter described, and in consideration of the uses, purposes and trusts hereinafter set forth, having
<br />granted, bargained and sold, and by these presents do grant, bargain and sell IN TRUST, WITH POWER OF
<br />SALE unto Western National Bank , Trustee, of Hall County,
<br />Nebraska , and his substitutes or successors, for the benefit and security of
<br />Western National Bank (herein "Beneficiary ") all of the following described
<br />property situated in Hall County, Nebraska, to -wit:
<br />Tract 1: The Easterly Sixty -two (62) feet of the Westerly Half of the Northerly Half (W1/2 N1/2) of
<br />Block Eight (8) in Windolph's Addition to the City of Grand Island, Hall County, Nebraska.
<br />Tract 2: The West Thirty (30) feet of the South Half (S 1/2) of Lot Five (5), and the South Half (S 1/2)
<br />of Lot Six (6), in the Original Town of Wood River, Hall County, Nebraska.
<br />together with all improvements now or hereafter situated thereon, inclusive of all goods which are or are to
<br />become fixtures in and about such improvements, including, without limitation, all heating, air conditioning,
<br />ventilating, plumbing, and electrical fixtures and wiring, and all replacements thereof and additions thereto,
<br />all of which Trustors represent and agree are or will be a part of and affixed to said land.
<br />If checked this is a CONSTRUCTION SECURITY AGREEMENT. This is a construction security interest
<br />which secures an obligation which the Debtor incurred for the purpose of making an improvement of the
<br />real estate in which the security interest is given.
<br />TO HAVE AND TO HOLD the above described property ( "Property"), together with the rights, rivileges,
<br />and appurtenances thereto, unto the said Trustee, and to his substitutes or successors forever. And Trrustors do
<br />hereby bind themselves, their heirs, executors, administrators and assigns to warrant and forever defend the
<br />said Property unto the said Trustee, his substitutes or successors and assigns forever, against the claim or
<br />claims of all persons claiming or to claim said Property or any part thereof.
<br />This conveyance, however, is made in TRUST to secure payment of all of the following indebtedness:
<br />(a) The indebtedness evidenced by the following promissory note(s) (the "Note ", whether one or more) and any
<br />modifications, renewals or substitutions of the Note, executed by:
<br />Robert J Allan Jr and Jane R Allan
<br />( "DEBTORS," whether one or more) and payable to BENEFICIARY (which definition shall include any holder
<br />of the Note), according to the terms provided in Note, bearing interest as therein stipulated, provided for
<br />acceleration of maturity and for attorney's fees:
<br />Amount: $ 100,000.00
<br />Maturity Date: 12/27/2021
<br />® Copyright 04/13 American Bank Systems, Inc.
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