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<br />TRUST DEED
<br />THIS DEED OF TRUST is made on TaA) ��C' , 2004. The Trustors are Michael R. Lilienthal and I at Law,
<br />Amye K. Lilientha husband and wife (Borrowers Po and P. 0. Box 696, Grand s land NE 168802n(' Lender").
<br />("Trustee"). The beneficiary
<br />Borrowers owe LebeBorrowers' Note dated the Thousand
<br />date as this Security Instrument D (Note "),which
<br />This debt is evidenced Y
<br />provides for monthly payments beginning February 1, 2004 and a balloon payment on February 2, 2009. e
<br />Security Instrument secures
<br />extensions modi ieations; (b) the payment of debt ll other
<br />sums, with interest �tadvanced
<br />and all renewals,
<br />under paraand a 5eeents protect Forth Instrumei grant )and performance
<br />onvoey to Trustee, in trust,
<br />covenants g
<br />with power of sale, the following described property located in Hall County, Nebraska:
<br />The West One Half (W1/2) of Lot Seven (7), Section Nine (9), Township Ten (10) North,
<br />Range Nine (9) West of the 6`h P.M., Hall County, Nebraska.
<br />The mailing address of the borrowers is 3714 Westgate Road, Grand Island, NE 68803.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, and fixtures hereafter a part of the property. All replacements and additions shall
<br />also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as
<br />the "Property, cc
<br />BORROWERS COVENANT that Borrowers rid lawfully the Property of the s unencumbered nexceptafor
<br />have the right to grant and convey, the Property
<br />encumbrances of record. Borrowers
<br />subject to any warrant
<br />of defend
<br />record.
<br />generally the title to the Property against all
<br />claims and
<br />COVENANTS. Borrowers and Lenders covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrowers shall promptly
<br />pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late
<br />charges due under the Note.
<br />Insurance. All real estate taxes and insurance shall be paid by
<br />2. Funds for Taxes and
<br />Borrowers when due.
<br />3. Charges; Liens. Borrowers shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which may attain priority over this Security Instrument, and leasehold payments
<br />or ground rents, if any. Borrowers shall promptly furnish to Lenders all notices of amounts to be paid under
<br />this paragraph. If Borrowers make these payments directly, Borrowers shall promptly furnish to Lenders
<br />receipts evidencing the payments.
<br />Borrowers shall promptly discharge any lien which has priority over this Security Instrument unless
<br />Borrowers: (a) agree in writing to the payment of the obligation secured by the lien in a manner acceptable
<br />to Lenders; (b) contest in good faith the lien by, or defend against enforcement of the lien in, legal proceedings
<br />which in the Lenders' opinion operate to prevent the enforcement of the lien or forfeiture of any part of the
<br />Property; or (c) secure from the holder of the lien an agreement satisfactory to Lenders subordinating the lien
<br />to this Security Instrument. If Lenders determine that any part of the Property is subject to a lien which may
<br />attain priority over this Security Instrument, Lenders may give Borrowers a notice identifying the lien.
<br />Borrowers shall satisfy the lien or take one or more of the actions set forth above within ten (10) days of the
<br />giving of notice.
<br />4. Preservation and Maintenance of Property. Borrowers shall not destroy, damage or
<br />substantially change the Property, allow the Property to deteriorate or commit waste.
<br />5. Protection of Lenders' Rights in the Property; Mortgage Insurance. If Borrowers fail to
<br />perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding
<br />that may significantly affect Lenders' rights in the Property (such as a proceeding in bankruptcy, probate, for
<br />condemnation or to enforce laws or regulations), then Lenders may do and pay for whatever is nQecessary to
<br />protect the value of the Property and Lenders' rights in the Property. Lenders' actions may include paying any
<br />sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable
<br />attorneys' fees and entering on the Property to make repairs. Although Lenders may take action under this
<br />paragraph 5, Lenders do not have to do so.
<br />Any amounts disbursed by Lenders under this paragraph 5 shall become additional debt of Borrowers
<br />secured by this Security Instrument. Unless Borrowers and Lenders agree to other terms of payment, these
<br />amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest,
<br />upon notice from Lenders to Borrowers requesting payment.
<br />6. Inspection. Lenders or their agents may make reasonable entries upon and inspections of
<br />the Property. Lenders shall give Borrowers notice at the time of or prior to an inspection specifying reasonable
<br />cause for the inspection.
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<br />THIS DEED OF TRUST is made on TaA) ��C' , 2004. The Trustors are Michael R. Lilienthal and I at Law,
<br />Amye K. Lilientha husband and wife (Borrowers Po and P. 0. Box 696, Grand s land NE 168802n(' Lender").
<br />("Trustee"). The beneficiary
<br />Borrowers owe LebeBorrowers' Note dated the Thousand
<br />date as this Security Instrument D (Note "),which
<br />This debt is evidenced Y
<br />provides for monthly payments beginning February 1, 2004 and a balloon payment on February 2, 2009. e
<br />Security Instrument secures
<br />extensions modi ieations; (b) the payment of debt ll other
<br />sums, with interest �tadvanced
<br />and all renewals,
<br />under paraand a 5eeents protect Forth Instrumei grant )and performance
<br />onvoey to Trustee, in trust,
<br />covenants g
<br />with power of sale, the following described property located in Hall County, Nebraska:
<br />The West One Half (W1/2) of Lot Seven (7), Section Nine (9), Township Ten (10) North,
<br />Range Nine (9) West of the 6`h P.M., Hall County, Nebraska.
<br />The mailing address of the borrowers is 3714 Westgate Road, Grand Island, NE 68803.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, and fixtures hereafter a part of the property. All replacements and additions shall
<br />also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as
<br />the "Property, cc
<br />BORROWERS COVENANT that Borrowers rid lawfully the Property of the s unencumbered nexceptafor
<br />have the right to grant and convey, the Property
<br />encumbrances of record. Borrowers
<br />subject to any warrant
<br />of defend
<br />record.
<br />generally the title to the Property against all
<br />claims and
<br />COVENANTS. Borrowers and Lenders covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrowers shall promptly
<br />pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late
<br />charges due under the Note.
<br />Insurance. All real estate taxes and insurance shall be paid by
<br />2. Funds for Taxes and
<br />Borrowers when due.
<br />3. Charges; Liens. Borrowers shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which may attain priority over this Security Instrument, and leasehold payments
<br />or ground rents, if any. Borrowers shall promptly furnish to Lenders all notices of amounts to be paid under
<br />this paragraph. If Borrowers make these payments directly, Borrowers shall promptly furnish to Lenders
<br />receipts evidencing the payments.
<br />Borrowers shall promptly discharge any lien which has priority over this Security Instrument unless
<br />Borrowers: (a) agree in writing to the payment of the obligation secured by the lien in a manner acceptable
<br />to Lenders; (b) contest in good faith the lien by, or defend against enforcement of the lien in, legal proceedings
<br />which in the Lenders' opinion operate to prevent the enforcement of the lien or forfeiture of any part of the
<br />Property; or (c) secure from the holder of the lien an agreement satisfactory to Lenders subordinating the lien
<br />to this Security Instrument. If Lenders determine that any part of the Property is subject to a lien which may
<br />attain priority over this Security Instrument, Lenders may give Borrowers a notice identifying the lien.
<br />Borrowers shall satisfy the lien or take one or more of the actions set forth above within ten (10) days of the
<br />giving of notice.
<br />4. Preservation and Maintenance of Property. Borrowers shall not destroy, damage or
<br />substantially change the Property, allow the Property to deteriorate or commit waste.
<br />5. Protection of Lenders' Rights in the Property; Mortgage Insurance. If Borrowers fail to
<br />perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding
<br />that may significantly affect Lenders' rights in the Property (such as a proceeding in bankruptcy, probate, for
<br />condemnation or to enforce laws or regulations), then Lenders may do and pay for whatever is nQecessary to
<br />protect the value of the Property and Lenders' rights in the Property. Lenders' actions may include paying any
<br />sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable
<br />attorneys' fees and entering on the Property to make repairs. Although Lenders may take action under this
<br />paragraph 5, Lenders do not have to do so.
<br />Any amounts disbursed by Lenders under this paragraph 5 shall become additional debt of Borrowers
<br />secured by this Security Instrument. Unless Borrowers and Lenders agree to other terms of payment, these
<br />amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest,
<br />upon notice from Lenders to Borrowers requesting payment.
<br />6. Inspection. Lenders or their agents may make reasonable entries upon and inspections of
<br />the Property. Lenders shall give Borrowers notice at the time of or prior to an inspection specifying reasonable
<br />cause for the inspection.
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