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200110165 DEED OF TRUST NOTE $55,000.00 /0 _ d Q - , 2001 FOR VALUE RECEIVED, the undersigned promises to pay to Doyle L. and Violet B. Winfrey, Trustees, the principal sum of FIFTY FIVE THOUSAND AND NO /100 DOLLARS ($55,000.00), with interest from the date hereof, as follows: 2001. THREE THOUSAND AND NO /100 DOLLARS ($3,000.00) paid September 18, Monthly installments of $400.00 commencing October 12001, until paid in full. The outstanding balance herein will carry an interest rate of 7% per annum. A copy of an amortization schedule using the 7% rate is attached to the Contract for Sale of Real Estate, signed by the parties and incorporated hereof. This Note is secured by a Deed of Trust of even date and in the same principal amount as herein stated, executed by Elvia Galaviz in respect to the following- described property: The Easterly Forty -Seven (E47') of the Southerly Eighty Feet (S80') of Fractional Lot Nine (9) in Fractional Block Nineteen (19) in H. G. Clark's Addition to the City of Grand Island, Hall County, Nebraska, and its complement: Fractional Lot Eight (8) in Fractional Block Six (6) in Rollins' Addition to the City of Grand Island, Hall County, Nebraska, being a rectangular tract of ground having a Southerly frontage of Forty- Seven Feet (47') on Sixth Street, in said City, and a depth of Eighty Feet (80'). In case of default in the payment of any installment of either principal or interest or in the performance of any of the covenants, conditions or agreements contained in the Deed of Trust given to secure the payment hereof, then, or at any time thereafter during the continuance of such default, the legal holder hereof may, after ten (10) days written notice of default to the said Elvia Galaviz, declare the whole debt immediately due and payable. In the event that title to the above - described property is transferred or contracted to be transferred from the undersigned for any reason, or by any method whatsoever, the entire principal sum and accrued interest shall at once become due and payable at the election of the holder hereof. If the legal holder hereof at any time deems Buyer insolvent or insecure, the entire unpaid principal balance of this Note shall, at the option of the holder hereof, become immediately due and payable. All makers and endorsers waive presentment, demand, protest and notice and the benefit of any homestead, exemption valuation or appraisement laws as to this debt. (fjv,eW ELVIA GALAVIA