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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made of the �2— day of September, 2004, by and among
<br />WILLIAM L. DARWIN and FRANCEEN M. DARWIN, husband and wife, jointly and severally, - r
<br />( "TRUSTORS "), whose mailing address is 1816 W. 11th Avenue, Grand Island, Nebraska
<br />68801;
<br />and DUANE A. BURNS, a member of the Nebraska State Bar Association ( "TRUSTEE "),
<br />whose mailing address is P.O. Box 2300, Grand Island, Nebraska 68802;
<br />and MATTHEW J. BAILEY ( "BENEFICIARY "), whose mailing address is 115 East Ashton,
<br />Grand Island, Nebraska 68801.
<br />FOR VALUABLE CONSIDERATION, Trustors irrevocably transfer, convey, and assign
<br />to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary,
<br />under and subject to the terms and conditions of this Deed of Trust, the real property located
<br />in the State of Nebraska, and legally described as follows: (the "Property "):
<br />Parcel 1: Lot Thirteen (13), in Block Six (6), in Boggs and Hill's
<br />Addition to the City of Grand Island, Hall County, Nebraska
<br />Parcel 2: Lot Five (5), in Block Twenty Three (23), in Packer and
<br />Barr's Second Addition to the City of Grand Island, Hall County,
<br />Nebraska
<br />Parcel 3: Lots Twenty Six (26), Twenty Seven (27) and Twenty
<br />Eight (28), Block Two (2), M.J. Smith's Addition to the City of
<br />Hastings, Adams County, Nebraska
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interest in
<br />adjoining roads, improvements and buildings of any kind situated thereon and all personal
<br />property that may be or hereafter become an integral part of such property.
<br />The property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $15,000.00, with interest
<br />thereon, as evidenced by that certain Promissory Note of even date ( "The Note ") with a
<br />maturity date of September 1, 2009, executed by Trustors, which has been delivered and is
<br />payable to the order of Beneficiary, and which by this reference is made a part hereof, and
<br />any and all modifications, extensions and renewals thereof;
<br />b. Payment of all loan charges, fees, legal fees, escrow agent's set -up fees and
<br />escrow agent's annual service fee; and
<br />c. Payment of all sums which may have been advanced by Beneficiary to protect the
<br />Trust Estate which shall be secured by this Deed of Trust, with interest thereon at the rate of
<br />sixteen (16 %) percent per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further
<br />secure the payment and performance of any obligation secured hereby
<br />are referred to collectively as the "Loan Instruments ".
<br />ILENEMMO
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<br />THIS DEED OF TRUST is made of the �2— day of September, 2004, by and among
<br />WILLIAM L. DARWIN and FRANCEEN M. DARWIN, husband and wife, jointly and severally, - r
<br />( "TRUSTORS "), whose mailing address is 1816 W. 11th Avenue, Grand Island, Nebraska
<br />68801;
<br />and DUANE A. BURNS, a member of the Nebraska State Bar Association ( "TRUSTEE "),
<br />whose mailing address is P.O. Box 2300, Grand Island, Nebraska 68802;
<br />and MATTHEW J. BAILEY ( "BENEFICIARY "), whose mailing address is 115 East Ashton,
<br />Grand Island, Nebraska 68801.
<br />FOR VALUABLE CONSIDERATION, Trustors irrevocably transfer, convey, and assign
<br />to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary,
<br />under and subject to the terms and conditions of this Deed of Trust, the real property located
<br />in the State of Nebraska, and legally described as follows: (the "Property "):
<br />Parcel 1: Lot Thirteen (13), in Block Six (6), in Boggs and Hill's
<br />Addition to the City of Grand Island, Hall County, Nebraska
<br />Parcel 2: Lot Five (5), in Block Twenty Three (23), in Packer and
<br />Barr's Second Addition to the City of Grand Island, Hall County,
<br />Nebraska
<br />Parcel 3: Lots Twenty Six (26), Twenty Seven (27) and Twenty
<br />Eight (28), Block Two (2), M.J. Smith's Addition to the City of
<br />Hastings, Adams County, Nebraska
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interest in
<br />adjoining roads, improvements and buildings of any kind situated thereon and all personal
<br />property that may be or hereafter become an integral part of such property.
<br />The property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $15,000.00, with interest
<br />thereon, as evidenced by that certain Promissory Note of even date ( "The Note ") with a
<br />maturity date of September 1, 2009, executed by Trustors, which has been delivered and is
<br />payable to the order of Beneficiary, and which by this reference is made a part hereof, and
<br />any and all modifications, extensions and renewals thereof;
<br />b. Payment of all loan charges, fees, legal fees, escrow agent's set -up fees and
<br />escrow agent's annual service fee; and
<br />c. Payment of all sums which may have been advanced by Beneficiary to protect the
<br />Trust Estate which shall be secured by this Deed of Trust, with interest thereon at the rate of
<br />sixteen (16 %) percent per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further
<br />secure the payment and performance of any obligation secured hereby
<br />are referred to collectively as the "Loan Instruments ".
<br />ILENEMMO
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