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11111•111.• rn m n > Return to: Marvin L. Andersen 202 W. 3rd St. 4 Grand Island, NE 68801 V' DEED IN LIEU OF FORECLOSURE COMMONLY known as 613 E. 4th St, Grand Island, Nebraska. Page 1 of 2 This being the identical property conveyed to the GRANTOR herein by Deed from Edwin Bolanos and Angela M. Bolanos, husband and wife, dated October 23, 2015, recorded October 23, 2015, Document #201507301. rn L- f-- zJ Known ALL MEN BY THESE PRESENTS, that Alfredo Ascencion and Blanca Ascencion, husband and wife, and Eduardo Ascencion, a single person, hereinafter called Grantor, for $1.00 and the consideration hereinafter stated, do hereby grant, bargain, sell and convey unto Edwin Bolanos and Angela M. Bolanos, husband and wife, hereinafter called Grantee, and unto grantee's successors and assigns all of that certain real property with the tenements, hereditaments and appurtenances thereto belonging or in any way appertaining, situated in the Hall County, Nebraska, described as follows: Lot 1, Bolanos Subdivision, Grand Island, Hall County, Nebraska subject to the ingress /egress easement recorded on the Bolanos Subdivision plat Assessor's Parcel Number: 400146096 to have and to hold the same unto the said Grantee and Grantee's successors and assigns forever. This deed does not effect a merger of the fee ownership and the lien of the mortgage described below. The fee and lien shall hereafter remain separate and distinct. By acceptance and recording of this deed, Grantee covenants and agrees that it shall forever forebear taking any action whatsoever to collect against Grantor on the obligations which are secured by the mortgage /deed of trust (referred to herein as "mortgage ") described below, other than by foreclosure of that mortgage; and, that in any proceedings to foreclosure that mortgage, Grantee shall not seek, obtain or permit a deficiency judgment against Grantors, their heirs, successors or assigns, such right being hereby waived. This paragraph shall be inapplicable in the event that grantor attempts to have this deed set aside or this deed is determined to transfer less than fee simple title to grantee.