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<br /> �VHEN REC�RDED NFAH. TO:
<br /> UNITED NEBRASKA BANK
<br /> 700 N WEBB RD ���
<br /> PO BOX 5018 �
<br /> GRAND ISLAND,NE 68802
<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST 1� DAl"ED JUNE 22, 1598, among RONALD L CHRISTENSEN and CATHLYN J
<br /> CHRISTENSEN, HUSBAND AND WIFE, whose address is 2523 W COLLEGE, GRAND ISLAND, NE 68803
<br /> (referred to below as "Trustor"); UNITED NEBRASKA BANK, whose address is 700 N WEBB RD, PO BOX
<br /> 5018, GRAND ISLAND, NE 68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary");
<br /> and UNITED NEBRASKA BANK, whose address is P.O. BOX 5018 GRAND ISLAND, NE 68802 (referred to
<br /> below as "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br /> Lender as Beneflciary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br /> subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br /> ditch rights (including stock in utilities with ditch or irrigation rights);and all other rights, royalties,and profits relating to the reai property, includin
<br /> without limitation all minerais, oii, yas, geothermal and similar matters, located in HALL County, State of Nebraska (the "Rea�
<br /> Property"):
<br /> ALL OF LOTS TWO (2) AND FOUR (4), EXCEPT THE EAST SIXTY-FIVE FEET (65') IN BLOCK
<br /> SEVENTEEN (17), OF UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 2523 W COLLEGE, GRAND ISLAND, NE 68803.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)all of Trustor's right, title,and interest in and to all present and
<br /> future leases of the Property and all Rents from the Property. In addition,Trustor grants Lender a Uniform Commercial Code security interest in the
<br /> Rents and the Personal Property defined below.
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise defined in this Deed of
<br /> Trust shaii have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts in
<br /> lawful money of the United States of America.
<br /> Beneficiary. The word "Beneficiary" means UNITED NEBRASKA BANK, iis successors and assigns. UNITED NEBRASKA BANK also is
<br /> referred to as"Lender"in this Deed of Trust.
<br /> Deed of Trust. The words "Deed of TrusP' mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation all
<br /> assignment and security interest provisions relating to the Personal Property and Rents.
<br /> Existing Indebtedness. The words"Existing Indebtedness" mean the indebtedness described below in the Existing Indebtedness section of
<br /> this Deed of Trust.
<br /> Guaranior. The word "Guarantor" means and includes without limitation any and all guarantors, sureties, and accommodation parties in
<br /> connection with the Indebtedness.
<br /> Improvements. The word "Improvements" means and includes without limitation all existing and future improvements, buildings, structures,
<br /> mobile homes affixed on the Reai Property,facilities,additions,replacements and other construction on the Real Property.
<br /> Indebtedness. The word"Indebtedness"means all principal and interest payable under the Note and any amounts expended or advanced by
<br /> Lender to discharge obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this Deed of Trust,
<br /> together with interest on such amounts as provided in this Deed of Trust.
<br /> Lender. The word"Lender"means UNITED NEBRASKA BANK,its successors and assigns.
<br /> Note. The word "Note" means the Note dated June 22, 1999, in the principal amount of $11,700.00 from Trustor to Lender,
<br /> together with all renewals,extensions,modifications,refinancings,and substitutions for the Note. The maturity date of this Deed of Trust is June
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