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<br /> �, � DEED OF TRUST "' �
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<br /> THIS DEED OF TRUST is made on this 17th day of December, 1999. The :
<br /> Trustor(whether one or more) is STEVEN P. SCHAFER and RAMONA R. SCHAFER, a ���
<br /> Husband and Wife, whose address for purposes of notices in respect to this Deed of Trust
<br /> is 11080 S. Blaine Street, Doniphan,Nebraska 68832 and is sometimes herein identified
<br /> as Borrower. The Trustee is AREND R. BAACK, Attorney at Law and member of the
<br /> Nebraska State Bar Association, whose address is P.O. Box 790, Grand Island,NE
<br /> 68802-0790. The Beneficiary is BERNINA BOLTZ, a Single Person, whose address for :
<br /> purposes of notification under this Deed of Trust is 11080 S. Blaine Street, Doniphan,
<br /> Nebraska 68832 and is sometimes herein identified as Lender.
<br /> BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH
<br /> POWER OF SALE, THE FOLLOWING:
<br /> Lots One (1) and Two (2) Schafer Subdivision to Hall County,Nebraska. :
<br /> together with all buildings, improvements, fixtures, streets, alleys, passageways, ease- :
<br /> ments, rights,privileges and appurtenances located thereon or in anywise pertaining
<br /> thereto, and the rents, issues and profits, reversions and remainders thereof, and such :
<br /> personal property that is attached to the improvements so as to constitute a fixture,
<br /> including, but not limited to, heating and cooling equipment and together with the :
<br /> homestead or marital interests, if any, which interests are hereby released and waived, all :
<br /> of which, including replacements and additions thereto, is hereby declared to be a part of
<br /> 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 /> Borrower owes Lender the total sum of Fifty-Eight Thousand Seven Hundred :
<br /> Ninety-Eight and 31/100 Dollars ($58,798.31) evidenced by Borrower's Note of even
<br /> date herewith (hereinafter referred to as "Debt")which has a stated maturity date of
<br /> February 1, 2000. This Debt shall include any and all modifications, extensions and
<br /> renewals thereof or thereto and any and all future advances and readvances to Borrower :
<br /> (or any of them if more than one) hereunder pursuant to one or more promissory notes or
<br /> credit agreements (herein called "Note").
<br /> This Deed of Trust secures to Lender the Debt evidenced by said Note, the :
<br /> payment of all other sums, with interest, advanced under the provisions hereafter to
<br /> protect the security and the performance of Borrower's covenants and agreements.
<br /> Borrower covenants that Borrower is lawfully seised of such real estate and has
<br /> the legal power and lawful authority to convey the same and warrants and will defend
<br /> title to the real estate against the lawful claims of all persons. ,
<br /> BORROWER AND LENDER AGREE AS FOLLOWS:
<br /> 1. Borrower shall pay when due,the principal and interest as provided in said
<br /> Note.
<br /> 2. All payments received by Lender shall be first applied to advances which may
<br /> have been made by Lender and then to interest due and last to principal due.
<br /> �
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