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<br />TRUST DEED
<br />THIS TRUST DEED is made on 2004. The Trustors are Ryan Hansen and Darcy Hansen,
<br />( "Borrower"). The Trustee is Denise D. Myers, Lauritsen, Brownell, Brostrom, Stehlik, Myers & Daugherty, 724 W.
<br />Koenig Street, Grand Island, Nebraska 68801, ( "Trustee"). The beneficiaries are Roy T. Schrunk and Becky Schrunk,
<br />P.O. Box 208, Seibert, CO, 80834, ( "Lender"). Borrower owes Lender the principal sum of Fifty Thousand and 00/100
<br />Dollars ($50,000.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument
<br />( "Note "), which provides for monthly payments of principal and interest. The Deed of Trust (sometimes referred to
<br />herein as "security instrument") secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest,
<br />and all renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under
<br />paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and
<br />agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />following described property located in Hall County, Nebraska:
<br />Lot Fifteen (15), in Holcomb's Highway Homes, a Subdivision in the City of Grand Island, Hall
<br />County, Nebraska, Excepting a tract of land more particularly described in Deed recorded as
<br />Document NO. 200007322.
<br />Lot Two (2), Bartz Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All
<br />of the foregoing is referred to in this Security Instrument as the "Property".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered. Seller shall hold Buyer harmless with regard
<br />to any obligation of Lender under said Deed of Trust. Borrower warrants and will defend generally the title to the
<br />Property against all claims and demands, subject to any encumbrances of record.
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the
<br />Note. Prepayment of principal and interest, or any part thereof, shall be allowed without penalty.
<br />2. Charges; Liens. Borrower shall pay all real estate taxes and assessments attributable to the Property which
<br />may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />3. Hazard Insurance. Borrower shall keep any improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, wind, or other natural disasters, hazards included within the term "extended coverage" and
<br />any other hazards for which Lender requires insurance. This insurance shall be maintained for the entire period that
<br />an outstanding balance remains on the debt. The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject to Lender's approval which shall not be unreasonably withheld.
<br />All insurance policies and renewals shall include a standard mortgage clause. If Lender requires, Borrower
<br />shall promptly give to Lender all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to
<br />the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />4. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly
<br />affect Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation orto enforce laws
<br />or regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's
<br />rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this
<br />Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs.
<br />Although Lender may take action under this paragraph 4, Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 4 shall become additional debt of Borrower secured
<br />by this Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear
<br />interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to
<br />Borrower requesting payment.
<br />5. Inspection. Lender or her agents may make reasonable entries upon and inspections of the Property.
<br />Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />6. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection
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