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<br /> DEED OF TRUST f�
<br /> 9-�
<br /> This DEED OF TRUST is made as of the 16`"day of NOVEMBER, 1999, by and among the Trustor, ALL �
<br /> FAITHS FUNERAL HOME, L.L.C., whose mailing address for purposes of this Deed of Trust is 424 DODGE �S`�
<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 e�rtension of credit identified herein
<br /> to(herein "Borrower", 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 THE SOUTHWEST QUARTER(NW1/4SW1/4)
<br /> ALSO KNOWN AS PART OF LOT FOUR(4), ISLAND IN SECTION TWENTY-SEVEN(27),
<br /> TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL
<br /> COUNTY,NEBRASKA,MORE PARTICULARI,Y DESCRIBED AS FOLLOWS;BEGINNING
<br /> AT A POINT FOUR HUNDRED EIGHT AND SEVENTY-SEVEN HUNDREDTHS (408.77)
<br /> FEET SOUTH OF THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF
<br /> SECTION TWENTY-SEVEN (27), TOWNSHIP ELEVEN (11) NORTH, RANGE N1NE (9)
<br /> WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, THENCE RUNNING EASTERLY
<br /> AND PARAI.LEL TO THE NORTI�RLY LINE OF SAID SOUTHWEST QUARTER A
<br /> DISTANCE OF FOUR HUNDRED THIltTY-THREE (433) FEET; THENCE SOUTHERLY
<br /> AND PARALLEL TO THE WEST L1NE OF SAID SOUTHWEST QUARTER A DISTANCE
<br /> OF TWO HUNDRED FORTY FEES (240); TF-�ENCE WESTERLY AND PARALLEL TO TI�
<br /> NORTHERLY LINE OF SAID SOUTHWEST QUARTER FOR A DISTANCE OF FOUR
<br /> HiJNDRED THIItTY-THREE(433)FEET;TI�NCE NORT'HERLY ALONG THE EAST LINE
<br /> OF SOUTH LOCUST STREET FOR A DISTANCE OF TWO HUNDRED F�RTY FEET (240)
<br /> TO THE PLACE OF BEGINNING.
<br /> together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon or in anywise pertaining 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, a11 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 /> refened to herein as the"Property".
<br /> This Deed of Trust shall secure (a)the payment of the principal sum and interest evidenced by a Universal
<br /> Note dated NOVEMBER 16, 1999, in the original principal amount of NINE FIVE THOUSAND AND 00/100
<br /> Dollars($95,000.00), and any and a11 modifications, e�ctensions and renewals thereof or thereto and any and all future
<br /> advances and re-advances to Borrower (or any of them if more than one) hereunder pursuant to one or more
<br /> promissory notes or credit agreements(herein called "Note"); (b)the payment of other sums advanced by Lender to
<br /> protect the security of the Note;(c)the performance of all covenants and agreements of Trustor set forth herein; and
<br /> (d) a11 present and future indebtedness and obligations of Borrower (or any of them if more than one) to Lender
<br /> whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The
<br /> Note, this Deed of Trust and any and a11 other documents that secure the Note or otherwise executed in connection
<br /> therewith, including without limitation guarantees, security agreements and assignments of leases and rents, sha11 be
<br /> referred to herein as the"Loan Instruments".
<br /> TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br /> 1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
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