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<br />Q
<br />THIS DEED OF TRUST is made on November 1, 2004. The Trustor is Lanzendorf�`'
<br />Holdings, LTD, a Partnership, whose address is 2323 Bellwood Drive, #42, Grand Island, Nebraska .-
<br />68801. The Trustee is Kevin A. Brostrom, an attorney licensed in the State of Nebraska, whose C
<br />address is P.O. Box 400, Grand Island, Nebraska 68802 ( "Trustee "). The beneficiaries are Melvin
<br />W. Williams and Patricia D. Williams, husband and wife, whose address is 4065 Stauss Road,
<br />Grand Island, Nebraska 68803 ( "Lenders "). Borrowers owe Lenders the principal sum of Seventy -
<br />one Thousand Two Hundred Dollars ($71,200.00). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note "), which provides for monthly payments.
<br />The Security Instrument secures to Lenders: (a) the repayment of the debt evidenced by the Note,
<br />with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with
<br />interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located
<br />in Hall County, Nebraska:
<br />The Northerly Sixty -six Feet (66') of the Easterly Twenty -two (22') of Lot Two (2),
<br />and the Southerly Sixty -six Feet (66') of the Easterly Twenty -two Feet (22') of Lot
<br />Two (2), and the Southerly Eighty -eight Feet (88') of Lot One (1), all in Block Thirty -
<br />seven (37), in the Original Town, now City of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property ".
<br />BORROWER COVENANT that Borrower is lawfully seized of the estate hereby conveyed
<br />and have the right to grant and convey the Property and that the Property is unencumbered, except
<br />for encumbrances of record. Borrower warrants and will defend generally the title to the Property
<br />against all claims and demands, subject to any encumbrances of record.
<br />COVENANTS. Borrower and Lenders covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall
<br />promptly pay when due the principal of and interest on the debt evidenced by the Note and any
<br />prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Borrower agrees to pay for all real estate taxes and
<br />insurance as they become due.
<br />3. Application of Payments. All payments received by Lenders under paragraph 1 shall
<br />be applied: first, to late charges due under the Note; second, to prepayment charges due under
<br />the Note; third, to interest due; and, last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and
<br />impositions attributable to the Property which may attain priority over this Security Instrument.
<br />Borrower shall pay them on time directly to the person owed payment. When Borrower makes
<br />these payments directly, Borrower shall promptly furnish to Lenders receipts evidencing the
<br />payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the
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<br />Q
<br />THIS DEED OF TRUST is made on November 1, 2004. The Trustor is Lanzendorf�`'
<br />Holdings, LTD, a Partnership, whose address is 2323 Bellwood Drive, #42, Grand Island, Nebraska .-
<br />68801. The Trustee is Kevin A. Brostrom, an attorney licensed in the State of Nebraska, whose C
<br />address is P.O. Box 400, Grand Island, Nebraska 68802 ( "Trustee "). The beneficiaries are Melvin
<br />W. Williams and Patricia D. Williams, husband and wife, whose address is 4065 Stauss Road,
<br />Grand Island, Nebraska 68803 ( "Lenders "). Borrowers owe Lenders the principal sum of Seventy -
<br />one Thousand Two Hundred Dollars ($71,200.00). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note "), which provides for monthly payments.
<br />The Security Instrument secures to Lenders: (a) the repayment of the debt evidenced by the Note,
<br />with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with
<br />interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located
<br />in Hall County, Nebraska:
<br />The Northerly Sixty -six Feet (66') of the Easterly Twenty -two (22') of Lot Two (2),
<br />and the Southerly Sixty -six Feet (66') of the Easterly Twenty -two Feet (22') of Lot
<br />Two (2), and the Southerly Eighty -eight Feet (88') of Lot One (1), all in Block Thirty -
<br />seven (37), in the Original Town, now City of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property ".
<br />BORROWER COVENANT that Borrower is lawfully seized of the estate hereby conveyed
<br />and have the right to grant and convey the Property and that the Property is unencumbered, except
<br />for encumbrances of record. Borrower warrants and will defend generally the title to the Property
<br />against all claims and demands, subject to any encumbrances of record.
<br />COVENANTS. Borrower and Lenders covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall
<br />promptly pay when due the principal of and interest on the debt evidenced by the Note and any
<br />prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Borrower agrees to pay for all real estate taxes and
<br />insurance as they become due.
<br />3. Application of Payments. All payments received by Lenders under paragraph 1 shall
<br />be applied: first, to late charges due under the Note; second, to prepayment charges due under
<br />the Note; third, to interest due; and, last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and
<br />impositions attributable to the Property which may attain priority over this Security Instrument.
<br />Borrower shall pay them on time directly to the person owed payment. When Borrower makes
<br />these payments directly, Borrower shall promptly furnish to Lenders receipts evidencing the
<br />payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the
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