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<br />DEED OF TRUST
<br />THIS DEED OF TRUST, made on this 29`" day of August, 2001, by and among Imogene Odom, a single
<br />person, whose mailing address is PO Box 5 11, Grand Island, NE 68802, ("Trustor'); GREGORY M. NEUM US, a
<br />member of the Nebraska State Bar Association, whose mailing address is 205 S Cedar Street, Suite 150, Grand Island,
<br />Nebraska 68801, ( "Trustee "); and LOREN R DFNNING, a married person, whose mailing address is 302 Cherokee,
<br />Grand Island, Nebraska, 68803, and STEVEN D. CUMMINGS, a single person, whose mailing address is 302 L7
<br />Cherokee, Grand Island, Nebraska, 68803 ( "Beneficiary").
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property, located in the County of Hall, State of Nebraska, and legally
<br />described as follows, (the "Property") to-wit:
<br />Lot One (1), Block Two (2), Dale Roush Subdivision, Hall County, Nebraska
<br />TOGETHER WITH all rents, easements, appurtenances, interests in adjoining roads, streets, and alleys,
<br />improvements, and buildings, on said premises.
<br />Estate ".
<br />The property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of Thirty -One Thousand and 00 /100
<br />($31,000.00), at Fourteen Percent (14 1/6) interest, as evidenced by the certain Trust Deed Note of even date (the "Note ")
<br />with a maturity date of October 1, 2001, executed by Trustor, which has been delivered and is payable to the order of
<br />Beneficiary and which by this reference is hereby made a part hereof, and any and all modifications, extensions and
<br />renewals thereof, and
<br />b. All payments that are required to be advanced by the Beneficiary to protect the Trust Estate, shall
<br />bear interest at the rate of Fourteen Percent (14 %) per annum.
<br />C. The undersigned has the right to make payments of principal at any time before they are due without
<br />penalty.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest on, the
<br />indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments.
<br />2. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind, now or
<br />hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand, and shall
<br />provide Beneficiary with evidence of the payment of the same. Trustor shall pay all taxes and assessments which may
<br />be levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without regard to
<br />any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficiary.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance insuring the
<br />improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid
<br />principal balance of the Note (co-insurance not exceeding 80% permitted). Such insurance policy shall contain a
<br />standard mortgage clause in favor of Beneficiary and shall not be cancelable, terminable or modifiable without ton (10)
<br />days prior written notice to Beneficiary. Trustor shall promptly repair, maintain, and replace the Trust Estate or any
<br />part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the
<br />Trustor commit waste on or to the Trust Estate. Trustor shall further provide Beneficiary with receipt of payment of
<br />said insurance premiums and shall include Beneficiary as a Loss Payee on said policy.
<br />Page 1 of 4
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST, made on this 29`" day of August, 2001, by and among Imogene Odom, a single
<br />person, whose mailing address is PO Box 5 11, Grand Island, NE 68802, ("Trustor'); GREGORY M. NEUM US, a
<br />member of the Nebraska State Bar Association, whose mailing address is 205 S Cedar Street, Suite 150, Grand Island,
<br />Nebraska 68801, ( "Trustee "); and LOREN R DFNNING, a married person, whose mailing address is 302 Cherokee,
<br />Grand Island, Nebraska, 68803, and STEVEN D. CUMMINGS, a single person, whose mailing address is 302 L7
<br />Cherokee, Grand Island, Nebraska, 68803 ( "Beneficiary").
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property, located in the County of Hall, State of Nebraska, and legally
<br />described as follows, (the "Property") to-wit:
<br />Lot One (1), Block Two (2), Dale Roush Subdivision, Hall County, Nebraska
<br />TOGETHER WITH all rents, easements, appurtenances, interests in adjoining roads, streets, and alleys,
<br />improvements, and buildings, on said premises.
<br />Estate ".
<br />The property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of Thirty -One Thousand and 00 /100
<br />($31,000.00), at Fourteen Percent (14 1/6) interest, as evidenced by the certain Trust Deed Note of even date (the "Note ")
<br />with a maturity date of October 1, 2001, executed by Trustor, which has been delivered and is payable to the order of
<br />Beneficiary and which by this reference is hereby made a part hereof, and any and all modifications, extensions and
<br />renewals thereof, and
<br />b. All payments that are required to be advanced by the Beneficiary to protect the Trust Estate, shall
<br />bear interest at the rate of Fourteen Percent (14 %) per annum.
<br />C. The undersigned has the right to make payments of principal at any time before they are due without
<br />penalty.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest on, the
<br />indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments.
<br />2. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind, now or
<br />hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand, and shall
<br />provide Beneficiary with evidence of the payment of the same. Trustor shall pay all taxes and assessments which may
<br />be levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without regard to
<br />any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficiary.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance insuring the
<br />improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid
<br />principal balance of the Note (co-insurance not exceeding 80% permitted). Such insurance policy shall contain a
<br />standard mortgage clause in favor of Beneficiary and shall not be cancelable, terminable or modifiable without ton (10)
<br />days prior written notice to Beneficiary. Trustor shall promptly repair, maintain, and replace the Trust Estate or any
<br />part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the
<br />Trustor commit waste on or to the Trust Estate. Trustor shall further provide Beneficiary with receipt of payment of
<br />said insurance premiums and shall include Beneficiary as a Loss Payee on said policy.
<br />Page 1 of 4
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