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DEED OF TRUST
<br />THIS DEED OF TRUST is made as of the 3 f day of Marc 2004, by
<br />HALL COUNTY SCHOOL DISTRICT 2, ( "TRUSTOR "), whose mailing address is: 123 South
<br />Webb Road, Grand Island, NE 68803;
<br />and, TICOR TITLE INSURANCE CO., ( "TRUSTEE "), whose mailing address is: c/o Grand
<br />Island Abstract Co., P. O. Box 627, Grand Island, NE 68802 -0627;
<br />and THOMAS W. O'NEILL and JILL O'NEILL; TIMOTHY R. O'NEILL and MIKI S. O'NEILL;
<br />and JOSEPH P. O'NEILL, ( "BENEFICIARY ") whose mailing address is 1732 North Huston,
<br />Grand Island, NE 68803.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real
<br />property located in Hall County, Nebraska, and legally described as follows: (the "Property "):
<br />Lots Two (2) through Forty Three (43), Regents Park Subdivision,
<br />in the City of Grand Island, Hall County, Nebraska
<br />AND
<br />The West Half of the Northwest Quarter of the Southeast Quarter
<br />(W1/2NW1/4SE1/4), the North Half of the Northwest Quarter of the Southwest
<br />Quarter of the Southeast Quarter (N1/2NW1/4SW1/4SE1/4), the Southwest
<br />Quarter of the Southwest Quarter of the Southeast Quarter
<br />(SW1 /4SW1/4SE1/4), the South Half of the Northwest Quarter of the
<br />Southwest Quarter of the Southeast Quarter (S1/2NW1/4SW1/4SE1/4) all in
<br />Section Twenty One (21), Township Eleven (11) North, Range Nine West of
<br />the 6th P.M., Hall County, Nebraska, excepting therefrom tracts of land more
<br />particularly described in Deed recorded in Book 99, Page 682 and Quitclaim
<br />Deed recorded in Book 137, Page 225 and Warranty Deed recorded in Book
<br />144, Page 204 and Warranty Deed recorded as Document No, 78- 000393
<br />and Excepting All of Lots One (1) through Forty -Three (43) of Regents Park
<br />Subdivision, in the City of Grand Island, Hall County, Nebraska as shown on
<br />Plat recorded in the Register of Deeds Office, Hall County, Nebraska as
<br />Document No. 200206495
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, and interests in
<br />adjoining roads situated thereon.
<br />The property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $450,000.00, with interest
<br />thereon at the rate of 4.5% per annum, as evidenced by that certain Promissory Note of even
<br />date (the "Note ") with a maturity date of ftpck 31 , 20_2B, executed by Trustor,
<br />which has been delivered and is payable to the order of Beneficiary, and which by this
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made as of the 3 f day of Marc 2004, by
<br />HALL COUNTY SCHOOL DISTRICT 2, ( "TRUSTOR "), whose mailing address is: 123 South
<br />Webb Road, Grand Island, NE 68803;
<br />and, TICOR TITLE INSURANCE CO., ( "TRUSTEE "), whose mailing address is: c/o Grand
<br />Island Abstract Co., P. O. Box 627, Grand Island, NE 68802 -0627;
<br />and THOMAS W. O'NEILL and JILL O'NEILL; TIMOTHY R. O'NEILL and MIKI S. O'NEILL;
<br />and JOSEPH P. O'NEILL, ( "BENEFICIARY ") whose mailing address is 1732 North Huston,
<br />Grand Island, NE 68803.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real
<br />property located in Hall County, Nebraska, and legally described as follows: (the "Property "):
<br />Lots Two (2) through Forty Three (43), Regents Park Subdivision,
<br />in the City of Grand Island, Hall County, Nebraska
<br />AND
<br />The West Half of the Northwest Quarter of the Southeast Quarter
<br />(W1/2NW1/4SE1/4), the North Half of the Northwest Quarter of the Southwest
<br />Quarter of the Southeast Quarter (N1/2NW1/4SW1/4SE1/4), the Southwest
<br />Quarter of the Southwest Quarter of the Southeast Quarter
<br />(SW1 /4SW1/4SE1/4), the South Half of the Northwest Quarter of the
<br />Southwest Quarter of the Southeast Quarter (S1/2NW1/4SW1/4SE1/4) all in
<br />Section Twenty One (21), Township Eleven (11) North, Range Nine West of
<br />the 6th P.M., Hall County, Nebraska, excepting therefrom tracts of land more
<br />particularly described in Deed recorded in Book 99, Page 682 and Quitclaim
<br />Deed recorded in Book 137, Page 225 and Warranty Deed recorded in Book
<br />144, Page 204 and Warranty Deed recorded as Document No, 78- 000393
<br />and Excepting All of Lots One (1) through Forty -Three (43) of Regents Park
<br />Subdivision, in the City of Grand Island, Hall County, Nebraska as shown on
<br />Plat recorded in the Register of Deeds Office, Hall County, Nebraska as
<br />Document No. 200206495
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, and interests in
<br />adjoining roads situated thereon.
<br />The property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $450,000.00, with interest
<br />thereon at the rate of 4.5% per annum, as evidenced by that certain Promissory Note of even
<br />date (the "Note ") with a maturity date of ftpck 31 , 20_2B, executed by Trustor,
<br />which has been delivered and is payable to the order of Beneficiary, and which by this
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