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<br /> � ''�.��.•^�d DEED IN LIEU OF FORECLOSURE 9�� 1�lJ'3�3 �
<br /> �
<br /> � LATENT IMAGE PRODUCTIONS, INC. , A Nebraska Corporation, --�
<br /> G hereinafter referred to as Grantor, for consideration of EIGHTY °v
<br /> � THOUSAND DGLLARS ( $80, 000 . 00) , as more fully set forth below, does
<br /> hereby grar=�, bargain, sell, convey and confirm unto FIVE-. POINTS
<br /> BANK, A Nebraska Banking Corporation, hereinafter referred to as
<br /> Grantee, the following described real property in Hall County,
<br /> Nebraska, t�-wit:
<br /> Lots F�ve (5 ) and Six (6) , in Block Thirty-Seven (37 ) , of the
<br /> Origir�al Town, now City of Grand Island, Hall County,
<br /> Nebraska,
<br /> to have and to hold the above-described premises together with all
<br /> tenements, hereditaments and appurtenances thereto belonging to the
<br /> Grantee anc� to ?ts successors and assigns forever.
<br /> Grantor does hereby covenant with the Grantee, and with the
<br /> Grantee' s successors and assigns that it is lawfully seized of said
<br /> ";�,premises; -t�hat they a�e tree from encumbrance except easements,
<br /> covenants, and restrictions of record and except real estate taxes
<br /> delinquent in 1997 ar.d future years and federal tax lien as
<br /> evidenced Ly Notice recorded as Document No. 97-108601 in the
<br /> Office of the Hall County Register of Deeds; that the Grantor has
<br /> good right and lawful authority to convey the same; that the
<br /> Grantor will warrant and defend the title to the premises against
<br /> the lawful claims of all persons whomsoever.
<br /> This Deed is an absolute conveyance of title and the effect as
<br /> well as inform, and is not intended as a mortgage, trust conveyance
<br /> or security of any kind. The consideration for this Deed is the
<br /> full release and discharge of all debts, notes, obligations, costs
<br /> and charges heretofore subsisting on account of and by terms of a
<br /> certain Deed of Trust in the original principal sum ef Two Hundred
<br /> Eighty-Three Thousand Dollars ($283, 000 . 00 ) given to FIVE POINTS
<br /> BANK as Beneficiary dated August 30, 1995, and recorded as Document
<br /> No. 95-105933 in the Office of the Hall County Register of Deeds.
<br /> The acceptance of this Deed being given in satisfaction of and
<br /> termination of said obligation.
<br /> � 1999 .
<br /> DATED this b day of ��e_ b r u r� .-�� ,
<br /> LATENT IMAGE PRO CTIONS, INC. , A
<br /> Nebraska Corpora ion,
<br /> B
<br /> p �s �� � �
<br /> D ID . ROSENKOTTER, President
<br /> STATE OF NEBRASKA)
<br /> )S�-
<br /> COUNTY OF )
<br /> The foreqoinq Deed in Lieur o� Foreclosure was acknowledged
<br /> before me this _�_ day of T_� �^4�µY� , 1999, by DAVID H.
<br /> ROSENKOTTER, President of LATENT IM GE PRODUCTIONS, INC. , A
<br /> Nebraska Cerporation, on behalf of said Corporation.
<br /> GE�IEH�NO AAY SUt+d tqbttski \� �--��
<br /> I TMOMas J.t�ua.� `��,��, ��,��-�I��
<br /> My Comm.6cp. F�.4a� �
<br /> Notary blic
<br /> RE\SPTLATNT.DED
<br />
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