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200111222 DEED OF TRUST THIS TRUST DEED made on this 26th day of October, 2001, between Victor E. Walz as TRUSTOR, whose address is 307 North Arapahoe, Grand Island, Nebraska 68801; Hunter A. H. Campbell, a Member of the Nebraska State Bar Association, as TRUSTEE, whose address is 253 South Locust Street, Grand Island, NE 68801; and ARNOLD C. WENN AND LINDA C. WENN, Husband and Wife, hereinafter collectively referred to as BENEFICIARIES. WITNESSETH: That Trustor hereby grants, bargains, sells, conveys and warrants to Trustee, IN TRUST, his successors and assigns, with power of sale, the following- described real property: A tract of land being Lot Eleven (11), Block - �- Three (3), Dale Roush Second Subdivision to the City of Grand Island, Hall County, Nebraska, also known as 307 North Arapahoe. together with all buildings, improvements and appurtenances thereon. The TRUSTOR hereby covenants and agrees with the TRUSTEE and BENEFICIARIES that Victor E. Walz is lawfully seized and the owner of the above - described property; and that he did execute this Deed of Trust for purposes of conveying and pledging his interest in the above - described property; that he has good right and lawful authority to sell and convey said premises and that said premises are free and clear of all liens and encumbrances, and further, that TRUSTOR will warrant and defend the title to said premises forever against the claims of all persons whomsoever. For the purpose of securing performance of each agreement of TRUSTOR herein contained and the payment of NINETEEN THOUSAND DOLLARS ($19,000.00), the TRUSTOR has executed a Promissory Note bearing even date, at the rate of interest and on the terms and conditions as set forth in such Note and the Contract for Sale of Real Estate until paid. The principal sum and interest shall be payable in accordance with and upon the terms and conditions of said Note of even date, and in any event the entire principal balance due hereunder and any accrued interest shall be paid on November 1, 2011. All installment payments hereunder shall be applied first to the payment of interest computed annually on the unpaid balance, pursuant to an amortization schedule, a copy of N