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<br /> 99 11107 $ �'
<br /> DEED OF TRUST ��
<br /> This DEED OF TRUST is made as of the 16�'day of NOVEMBER, 1999, by and among the Trustor, ALL
<br /> FAITHS FiJNERAL HOME, L.L.C., whose mailing address for purposes of this Deed of Trust is 424 DODGE \�
<br /> STREET, GRAND ISLAND, NEBRASKA 68801 (herein, °Trustor", whether one or more), the Trustee, ^ ��,
<br /> AREND R. BAACK, Attorney at Law, a member of the Nebraska State Bar Association, whose mailing address is "��
<br /> P. O. Box 790, Grand Island, NE 68802-0790 (herein °Trustee"), and the Beneficiary, HOME FEDERAL �.
<br /> SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing address is P. O. Box 1009, Grand
<br /> Island,NE 68802-1009(herein"Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein
<br /> to(herein "Bonower", whether one or more), and the trust herein created, the receipt of which is hereby
<br /> acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE, for the benefit and security of the Lender, under and subject to the terms and conditions
<br /> hereinafter set forth, legally described as follows:
<br /> PART OF THE NORTHWEST QUARTER OF TI-� SOUTHWEST QUARTER(NW1/4SW1/4)
<br /> ALSO KNOWN AS PART OF LOT FOUR(4), ISLAND IN SECTION TWENTY-SEVEN(27),
<br /> TOWNSHII� ELEVEN (11) NORTH, RANGE NINE (9) WEST OF TI-� 6TH P.M., HALL
<br /> COUNTY,NEBRASKA,MORE PARTICULARLY DESCRIBED AS FOLLOWS;BEGINNTNG
<br /> AT A POINT FOUR HUNDRED EIGHT AND SEVENTY-SEVEN HUNDREDTHS (408.77)
<br /> FEET SOUTH OF THE NORTHWEST CORNER OF THE SOU'I'HWEST QUARTER OF
<br /> SECTION TWENTY-SEVEN (27), TOWNSHIl� ELEVEN (11) NORTH, RANGE 1�lINE (9)
<br /> WEST OF T`HE 6Tx P.M., HALL COLINTY, NEBRASKA, THENCE RUNNING EASTERLY
<br /> AND PARALLEL TO TI-�E NORTI�RLY LINE OF SAID SOUTHWEST QUARTER A
<br /> DISTANCE OF FOUR HUNDRED THIltTY-THREE (433) FEET; THENCE SOUTHERLY
<br /> AND PARAI.LEL TO TI� WEST LINE OF SAID SOUTHWEST QUARTER A DISTANCE
<br /> OF TWO HUNDRED FORTY FEES (240); TF�NCE WESTERLY AND PARALLEL TO T'HE
<br /> NORTHERLY LINE OF SAID SOUTHWEST QUARTER FOR A DISTANCE OF FOUR
<br /> HUNDRED THIlZTY-THREE(433)FEET;THENCE NORTI�RLY ALONG THE EAST LINE
<br /> OF SOUTH LOCUST STREET FOR A DISTqNCE OF TWO HUNDRED FORTY FEET (240)
<br /> TO THE PLACE OF BEGINNING.
<br /> together with a11 buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon or in anywise pertainin� thereto, and the rents, issues and profits, reversions and
<br /> remainders thereof, and such personal property that is attached to the improvements so as to constitute a fi�cture,
<br /> including, but not limited to, heating and cooling equipment and together with the homestead or marital interests, if
<br /> any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is
<br /> hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br /> referred to herein as the"Property".
<br /> This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Deed of
<br /> Trust Note dated NOVEMBER 16, 1999, having a maturity date of DECEMBER 1, 2014, in the original principal
<br /> amount of TWO HLJNDRED EIGHTY THOUSAND AND 00/100 Dollars ($280,000.00), and any and a11
<br /> modifications, extensions and renewals thereof or thereto and any and a11 future advances and re-advances to
<br /> Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes or credit
<br /> agreements (herein called "Note"); (b)the payment of other sums advanced by Lender to protect the security of the
<br /> Note; (c)the performance of all covenants and agreements of Trustor set forth herein; and (d) a11 present and future
<br /> indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect,
<br /> absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust
<br /> and any and a11 other documents that secure the Note or otherwise executed in connection therewith, including
<br /> without limitation guazantees, security agreements and assignments of leases and rents, sha11 be referred to herein as
<br /> the "Loan Instruments".
<br /> TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br /> 1. Pavment of Indebtedness. All indebtedness secured hereby shall be paid when due.
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