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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made on this 2nd day of June, 2000. The Trustor is Larry J. Skarka, _
<br />whose address for purposes of notices in respect to this Deed of Trust is 710 Hedde, #7, Grand Island, G'
<br />Nebraska and is sometimes herein identified as Borrower. The Trustee is Galen E. Stehlik, Attorney at Law
<br />and member of the Nebraska State Bar Association, whose address is P. O. Box 400, Grand Island, Nebraska
<br />68802 -0400. The Beneficiary is Karen K. Shuda, whose address for purposes of notification under this Deed
<br />of Trust is 4246 Springview Drive, Grand Island, Nebraska 68803 and is sometimes herein identified as
<br />Lender.
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH POWER OF SALE,
<br />THE FOLLOWING:
<br />Lots One (1) and Two (2) in Fawnacres Fifth Subdivision, Hall County, Nebraska;
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits,
<br />reversions and remainders thereof, and such personal property that is attached to the improvements so as to
<br />constitute a fixture, including, but not limited to, heating and cooling equipment and together with the
<br />homestead or marital interests, if any, which interests are hereby released and waived, all of which, including
<br />replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property ".
<br />Borrower owes Lender the total sum of Fifty -five Thousand Dollars ($55,000.00) evidenced by
<br />Borrower's Note of even date herewith (hereinafter referred to as "Debt ") which has a stated maturity date
<br />of June 1, 2010. This Debt shall include any and all modifications, extensions and renewals thereof or thereto
<br />and any and all future advances and readvances to Borrower.
<br />This Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all other sums,
<br />with interest, advanced under the provisions hereafter to protect the security and the performance of
<br />Borrower's covenants and agreements. This Deed of Trust is further given pursuant to the terms of a certain
<br />property settlement agreement judicially approved by a Decree of Dissolution in the case of Skarka v. Skarka,
<br />Hall County District Court, Case No. CI99 -90.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and
<br />lawful authority to convey the same and warrants and will defend title to the real estate against the lawful
<br />claims of all persons.
<br />BORROWER AND LENDER AGREh AS FOLLO Vi'S:
<br />1. Borrower shall pay when due, the principal and interest as provided in said Note.
<br />2. All payments received by Lender shall be first applied to advances which may have been made
<br />by Lender and then to interest due and last to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against the Property
<br />before the same become delinquent.
<br />4. Borrower shall keep the improvements on said Property insured against loss by fire and hazards
<br />included with the term "extended coverage" for their insurable value and policies for the same shall include
<br />a standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss if not
<br />promptly made by Borrower. Insurance proceeds shall be applied to restoration or repair of the Property
<br />damaged, unless both parties otherwise agree, except if restoration or repair is not economically feasible or
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