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<br /> � 99 it; � 540
<br /> �EED OF TRUST
<br /> `�-�s
<br /> THIS DEED OF TRUST is made this 24th day of September . 1999 among tl�e Trustor, � �
<br /> SAMUEL M NOLTE (AS A SINGLE PERSON) c
<br /> (herein "Borrower"),
<br /> Michael F. Kivett (lierei►t
<br /> "Trustee"), aud the Beneficiary, CITIFINANCIAL, INC. (MD) ,
<br /> a corporation orgauized and existing u�ider the laws of Maryland , wh��se
<br /> address is 3415 WEST STATE STREET GRAND ISLAND NE 68803 (l�erein
<br /> "Leuder").
<br /> BORROWER, in cousideration of the indebtedness herein recited and the trust herein created, irrevocably grants
<br /> and conveys to Trustee, in trust, witl� power of sale, the following described property located in the County of
<br /> HALL , State of Nebraska:
<br /> LOT 4, BLOCK 62, WHEELER AND BENNETT'S SECOND ADDITION, CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA.
<br /> whicli l�as tlie address ��f 207 E 13TH , GRAND ISLAND ,
<br /> Nebraska 68801 Q�erein "Pr�>perry Address");
<br /> TOGETHER witl� all tlie improvements now or hereafter erected on the property, and all easemeuts, rights,
<br /> appurtenaiices and reuts (subject however to the rights and authorities given l�erein to Lender to collect and ap�(y such
<br /> rents), all c�f wl�icl� shall be deemed to he and remain a part of the property covered by this Deed of Trust; aud all of the
<br /> fore�oin�, to�ether with said property (or tlie leasel�old estate if this Deed of Trust is c>n a leasel�old) are l�ereinafter
<br /> referred to as the "Pro�erty";
<br /> �` WHEREAS, Borrc�wer is iudebted tc> Leuder in tl�e principal sum of$ 8,000.00 , c�r so much
<br /> ti.er�uf as �:iay l�e adva::c�d E�ursuaut t:> Bcrr_cv,-�er's :'.or..e Equity Liue c;f C;�:�it �,greemei;t aic� ,'�isclosur� S[a�e;nen�t
<br /> dated 09/24/1999 and any extensious and renewals tltereof(l�ereiu "Note") providing for �nonthly installments, and
<br /> interest at the rate and under the terms specified in the Note, includin� any adjust�lieuts in the iuterest rate if that rate is
<br /> variable, and providing fc�r a credit limit stated ii� tl�e principal sui�i above and an initial advance of$ 0. 00 ,
<br /> TO SECURE to Lender the repaymeut of tlie itldebtedness, iucludin� future advances, evidenced hy Borr<�wer's
<br /> Nc�te, witl� interest thereou at tl�e applicahle cotitract rate (i�icludiiia a�ry adjusmients to the am<�unt of paymeut or tl�e
<br /> cc�ntract rate if that rate is variable), and otl�er cl�arges; the payment of all other sums, witl� interest tl�ereon, advanced in
<br /> accordance herewith tci prcitect tl�e security of this Deed cif Trust; and the perfonnauce of the covenants and agreements of
<br /> Borrc�wer herein contai��eci.
<br /> Be>rrower coveuants that B<�rrower is lawfully seised c�f the estate l�ereby conveyed and has tl�e right t��graut and
<br /> coirvey the Property, and tl�at tl�e Property is uiieucumbered, except for encumhrances of record. Borrower covenants tl�at
<br /> Bc�rrc�wer warrants and will defend benerally tlie title to the Property against all claims and demands, suhject to
<br /> eucumhrances uf record.
<br />� �
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