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<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST is made this a8�' day of ��a , �
<br /> 1999, ,by and among MICHAEL J. REILLY and CAREY M. REILIJY, husband
<br /> �
<br /> and wife, herein referred to as "Trustor" , whose mailing address . �
<br /> is 3007 Brentwood Place, Grand Island, Nebraska 68801; BRUCE I. �
<br /> SMITH, Attorney-at-Law, hereinafter referred to as "Trustee" ,
<br /> whose mailing address is P.O. Box 790, Grand Island, Nebraska
<br /> 68802; and BARBARA A. REILLY, hereinafter referred to as
<br /> "Beneficiary" , whose mailing address is 2402 Wicklow Drive, Grand
<br /> Island, Nebraska 68801.
<br /> For valuable consideration, Trustor irrevocably grants,
<br /> transfers, conveys and assigns to Trustee, in tru�t, with power
<br /> of sale, for the benefit and security of Beneficiary, under and
<br /> subject to the terms and conditions of this Deed of Trust, the
<br /> Trustor' s undivided one-half ( 1/2) interest in the following-
<br /> described property located in Hall County, Nebraska, to-wit:
<br /> Lot One ( 1) , JNW Subdivision, in the City of
<br /> Grand Island, Hall County, Nebraska,
<br /> together with the Trustor' s undivided one-half ( 1/2 ) interest in
<br /> all improvements, fixtures and appurtenances located thereon or
<br /> in any way pertaining thereto, and the rents, issues, profits,
<br /> reversions and the remainders thereof, including all such
<br /> personal property that is attached to the improvements so as to
<br /> constitute a fixture, all of which, including replacements and
<br /> additions thereto, are hereby declared to be a part of the real
<br /> estate conveyed in trust hereby, it being agreed that any
<br /> reference hereinafter to the "Property" shall mean the Trustor' s
<br /> undivided one-half ( 1/2) interest in the foregoing described
<br /> property.
<br /> FOR THE PURPOSE OF SECURING:
<br /> (a) the payment of indebtedness evidenced by
<br /> Trustor' s note of even date herewith in the prin-
<br /> cipal sum of ONE HUNDRED NINETY-FIVE THOUSAND AND
<br /> NO/100 DOLLARS ($195,000.00) , together with inter-
<br /> est at the rate provided therein, or the principal
<br /> and interest on any future advance not to exceed
<br /> the total principal sum initially secured hereby
<br /> as evidenced by promissory notes stating they are
<br /> secured hereby, and any and all renewals, modifi-
<br /> cations and extensions of such notes, both princi-
<br /> pal and interest on the notes being payable in ac-
<br /> cordance with the terms set forth therein, which
<br /> by this reference is hereby made a part hereof;
<br /> (b) the performance of each agreement and
<br /> covenant of Trustor herein contained; and
<br /> (c) the payment of any sum or sums of money
<br /> which may be hereafter paid or advanced by Benefi-
<br /> ciary under the terms of this Deed of Trust, to-
<br />
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