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DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is July 25, 2001. The parties and C,
<br />their addresses are:
<br />TRUSTOR ( Grantor):
<br />JOHN D. FOLSOM
<br />1504 W. Seco'hd Street
<br />Grand Island, Nebraska 68801
<br />SALLIE STARK FOLSOM
<br />1504 W. Second St.
<br />Grand Island, Nebraska 68801 -5716
<br />Joint Tenants
<br />TRUSTEE:
<br />GATEWAY COMMUNITY BANK, A DIVISION OF NORTHWEST FEDERAL SAVINGS BANK
<br />Financial Institution
<br />14320 Arbor Street
<br />Omaha, Nebraska 68144
<br />BENEFICIARY (Lender):
<br />GATEWAY COMMUNITY BANK A DIVISION OF NFSB
<br />Organized and existing under the laws of the United States of America
<br />14320 ARBOR STREET
<br />OMAHA, Nebraska 68144 -0125
<br />42- 1325507
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot Eight (8), Block Eleven (11 ), Kernohan & Decker's Addition to the City of Grand Island, in Hall County,
<br />Nebraska.
<br />The property is located in Douglas County at 1504 W. 2nd Street, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />reai estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION, LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $127,500.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 618397, dated July 25, 2001, from Michael's Formal Wear Partners
<br />(Borrower) to Lender, with a loan amount of $127,500.00 with an interest rate of 9.0 percent per year and
<br />maturing on July 25, 2006.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />Michael's Normal Wear Partners
<br />Nebraska Deed Of Trust
<br />NEI4sscanlan00505900003326055072301Y 01996 Bankers Systems, Inc., St. Cloud, MN E;�
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<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is July 25, 2001. The parties and C,
<br />their addresses are:
<br />TRUSTOR ( Grantor):
<br />JOHN D. FOLSOM
<br />1504 W. Seco'hd Street
<br />Grand Island, Nebraska 68801
<br />SALLIE STARK FOLSOM
<br />1504 W. Second St.
<br />Grand Island, Nebraska 68801 -5716
<br />Joint Tenants
<br />TRUSTEE:
<br />GATEWAY COMMUNITY BANK, A DIVISION OF NORTHWEST FEDERAL SAVINGS BANK
<br />Financial Institution
<br />14320 Arbor Street
<br />Omaha, Nebraska 68144
<br />BENEFICIARY (Lender):
<br />GATEWAY COMMUNITY BANK A DIVISION OF NFSB
<br />Organized and existing under the laws of the United States of America
<br />14320 ARBOR STREET
<br />OMAHA, Nebraska 68144 -0125
<br />42- 1325507
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot Eight (8), Block Eleven (11 ), Kernohan & Decker's Addition to the City of Grand Island, in Hall County,
<br />Nebraska.
<br />The property is located in Douglas County at 1504 W. 2nd Street, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />reai estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION, LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $127,500.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 618397, dated July 25, 2001, from Michael's Formal Wear Partners
<br />(Borrower) to Lender, with a loan amount of $127,500.00 with an interest rate of 9.0 percent per year and
<br />maturing on July 25, 2006.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />Michael's Normal Wear Partners
<br />Nebraska Deed Of Trust
<br />NEI4sscanlan00505900003326055072301Y 01996 Bankers Systems, Inc., St. Cloud, MN E;�
<br />Q\
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