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�l 1\ 7 to V` V C m Y m R { vv IJ ( V 200300567 DEED OF TRUST THIS DEED OF TRUST is made this 24 day of January, 2003, by and among KLW INVESTMENTS, L.L.C., a Nebraska limited liability company, herein referred to as "Trustor ", whose mailing address is 2706 Pioneer Blvd., Grand Island, Nebraska 68801 -7392; BRUCE I. SMITH, Attorney -at -Law, hereinafter referred to as "Trustee ", whose mailing address is P.O. Box 790, Grand Island, Nebraska 68802; and MARYSUE B. WENDT, hereinafter referred to as "Beneficiary ", whose mailing address is 2706 Pioneer Blvd., Grand Island, Nebraska 68801 -7392. For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the Trustor's interest in the following- described property located in Hall County, Nebraska, to -wit: An undivided one -half (1/2) interest in Lot One (1), except the North Forty -Two (42) Feet, of Medical Park Fourth Addition to the City of Grand Island, Hall County, Nebraska, together with all improvements, fixtures and appurtenances located thereon or in any way pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, including all such personal property that is attached to the improvements so as to constitute a fixture, all of which, including replace- ments and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter referred to as the "Property" FOR THE PURPOSE OF SECURING: (a) the payment of indebtedness evidenced by Trustor's note of even date herewith in the prin- cipal sum of TWO HUNDRED SIXTY -ONE THOUSAND EIGHT HUNDRED ONE AND 60/100 DOLLARS ($261,801.60), together with interest at the rate provided therein, or the principal and interest on any future advance not to exceed the total principal sum initially secured hereby as evidenced by promissory notes stating they are secured hereby, and any and all renewals, modifications and extensions of such notes, both principal and interest on the notes being payable in accordance with the terms set forth therein, which by this reference is hereby made a part hereof; (b) the performance of each agreement and covenant of Trustor herein contained; and (c) the payment of any sum or sums of money which may be hereafter paid or advanced by Benefi- ciary under the terms of this Deed of Trust, to- gether with interest thereon at the rate provided in the note. To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows: o c> <n � O � � f✓d W o i' x fir: y'3 N THIS DEED OF TRUST is made this 24 day of January, 2003, by and among KLW INVESTMENTS, L.L.C., a Nebraska limited liability company, herein referred to as "Trustor ", whose mailing address is 2706 Pioneer Blvd., Grand Island, Nebraska 68801 -7392; BRUCE I. SMITH, Attorney -at -Law, hereinafter referred to as "Trustee ", whose mailing address is P.O. Box 790, Grand Island, Nebraska 68802; and MARYSUE B. WENDT, hereinafter referred to as "Beneficiary ", whose mailing address is 2706 Pioneer Blvd., Grand Island, Nebraska 68801 -7392. For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the Trustor's interest in the following- described property located in Hall County, Nebraska, to -wit: An undivided one -half (1/2) interest in Lot One (1), except the North Forty -Two (42) Feet, of Medical Park Fourth Addition to the City of Grand Island, Hall County, Nebraska, together with all improvements, fixtures and appurtenances located thereon or in any way pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, including all such personal property that is attached to the improvements so as to constitute a fixture, all of which, including replace- ments and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter referred to as the "Property" FOR THE PURPOSE OF SECURING: (a) the payment of indebtedness evidenced by Trustor's note of even date herewith in the prin- cipal sum of TWO HUNDRED SIXTY -ONE THOUSAND EIGHT HUNDRED ONE AND 60/100 DOLLARS ($261,801.60), together with interest at the rate provided therein, or the principal and interest on any future advance not to exceed the total principal sum initially secured hereby as evidenced by promissory notes stating they are secured hereby, and any and all renewals, modifications and extensions of such notes, both principal and interest on the notes being payable in accordance with the terms set forth therein, which by this reference is hereby made a part hereof; (b) the performance of each agreement and covenant of Trustor herein contained; and (c) the payment of any sum or sums of money which may be hereafter paid or advanced by Benefi- ciary under the terms of this Deed of Trust, to- gether with interest thereon at the rate provided in the note. To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows: