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<br />200200696
<br />TRUST DEED
<br />THIS DEED OF TRUST is made on January Imo, 2002. The Trusters are. S(`
<br />Steven Lemburg and Dana Lemburg, husband and wife, and David Fries and
<br />Sharon Fries, husband and wit', ( "Borrowers "). The TrusLee is Denise
<br />D. Myers, of Lauritsen, Brownell, Brostrom, Stehlik, Thayer & Myers, 729
<br />W. Koenig Street, Grand Island, Nebraska 68801, ("Trustee"). The
<br />beneficiary is Cheryl. K. Cromer, P.O. Box 190, Cairo, Nebraska, 68829,
<br />( "Lender"). Borrowers owe Lender the prmci.pal sum of Nineteen Thousand
<br />and 00/100 Dollars ($19,000.00). This debt is evidenced by Borrowers'
<br />nnte dated the same date as this Security Instrument ( "Note "), which
<br />provides for menLhly payments. The Deed of Trust (sometimes referred
<br />to herein as "security instrument") secures Lo Lender: (a) the
<br />re.paymenl of the debt evidenced by the Note, with interest, and all
<br />a
<br />renewals, extensions and motlificatiora; (b) the P Y mert of all other
<br />sums, with interest, advanced under paragraph 4 to prose r.t the security
<br />of this Security Instrument; and (c) the performance of Borrowers'
<br />covenants and agreements. For this purpose, Borrowers irrevocably grant
<br />and convey to Trustee, in trust, with power of sale, tire following
<br />described property located in Hall County, Nebraska:
<br />The WesterLy One Hundred (100) Peet ° Block oat:herly Twenty -
<br />Three (23) feet of Lot Five (5), n
<br />Original Town of Cairo, Halt County, Nebraska.
<br />TOGETHER wl.'IH all Lhe improvements now or hereafter erected on the
<br />property, and all easements, rights, appurtenances, rents, royalties,
<br />mineral, oil and gas rights and profits, water ri_gh_s and stock and -all
<br />fixtures now nr hereafter a part of the property. All replacements and
<br />A11 of tire additions shall. also be covered by this Security i.nstrument.. e
<br />foregoinul is referred to in this Security Instrument as the "Property ".
<br />BORROWERS COVENANT tha- Borrowers are lawfully seised of the estate
<br />hereby conveyed and have the right to grant and convey the Property and
<br />that the property is unencumbered. Borrowers warrant and will defend
<br />generally the title Lo the Property against all claims and demands,
<br />subjecL to any encumbrances of record.
<br />COVENANTS. Borrowers arud Lender covenant and agree as follows:
<br />1.. Payment of Principal and Interest; Prepayment and Late Charges.
<br />Borrowers shall promptly pay when due the principal of and interest. on
<br />the debt evidenced by the Note and any prepayment and late charges due
<br />under the Note. Prepayment of principal and interest, or any part
<br />thereof, shall be allowed without penalty.
<br />2. Charges; L'lens. Borrowers shall pay all real estate taxes and
<br />assessments attributable to the Property which may attain priority over
<br />this Security Instrument, and leasehold payments or ground rents, it
<br />any.
<br />Borrowers shall promptly discharge any lien which has
<br />priority over this Security Instrument unless Borrowers: (a) agree in
<br />writing to the oayme nt of the Obligation secured no the lien in a manner
<br />acceptable to Lender; 0% contest in good faLLh the lien by, or defend
<br />again', enforcement of the lion in, legal proceedings which in the
<br />Lender's opinion operate to prey rrL the enforcement of the lien or
<br />forfeiLUre of any part of the Property; or (c) secure from the holder
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<br />200200696
<br />TRUST DEED
<br />THIS DEED OF TRUST is made on January Imo, 2002. The Trusters are. S(`
<br />Steven Lemburg and Dana Lemburg, husband and wife, and David Fries and
<br />Sharon Fries, husband and wit', ( "Borrowers "). The TrusLee is Denise
<br />D. Myers, of Lauritsen, Brownell, Brostrom, Stehlik, Thayer & Myers, 729
<br />W. Koenig Street, Grand Island, Nebraska 68801, ("Trustee"). The
<br />beneficiary is Cheryl. K. Cromer, P.O. Box 190, Cairo, Nebraska, 68829,
<br />( "Lender"). Borrowers owe Lender the prmci.pal sum of Nineteen Thousand
<br />and 00/100 Dollars ($19,000.00). This debt is evidenced by Borrowers'
<br />nnte dated the same date as this Security Instrument ( "Note "), which
<br />provides for menLhly payments. The Deed of Trust (sometimes referred
<br />to herein as "security instrument") secures Lo Lender: (a) the
<br />re.paymenl of the debt evidenced by the Note, with interest, and all
<br />a
<br />renewals, extensions and motlificatiora; (b) the P Y mert of all other
<br />sums, with interest, advanced under paragraph 4 to prose r.t the security
<br />of this Security Instrument; and (c) the performance of Borrowers'
<br />covenants and agreements. For this purpose, Borrowers irrevocably grant
<br />and convey to Trustee, in trust, with power of sale, tire following
<br />described property located in Hall County, Nebraska:
<br />The WesterLy One Hundred (100) Peet ° Block oat:herly Twenty -
<br />Three (23) feet of Lot Five (5), n
<br />Original Town of Cairo, Halt County, Nebraska.
<br />TOGETHER wl.'IH all Lhe improvements now or hereafter erected on the
<br />property, and all easements, rights, appurtenances, rents, royalties,
<br />mineral, oil and gas rights and profits, water ri_gh_s and stock and -all
<br />fixtures now nr hereafter a part of the property. All replacements and
<br />A11 of tire additions shall. also be covered by this Security i.nstrument.. e
<br />foregoinul is referred to in this Security Instrument as the "Property ".
<br />BORROWERS COVENANT tha- Borrowers are lawfully seised of the estate
<br />hereby conveyed and have the right to grant and convey the Property and
<br />that the property is unencumbered. Borrowers warrant and will defend
<br />generally the title Lo the Property against all claims and demands,
<br />subjecL to any encumbrances of record.
<br />COVENANTS. Borrowers arud Lender covenant and agree as follows:
<br />1.. Payment of Principal and Interest; Prepayment and Late Charges.
<br />Borrowers shall promptly pay when due the principal of and interest. on
<br />the debt evidenced by the Note and any prepayment and late charges due
<br />under the Note. Prepayment of principal and interest, or any part
<br />thereof, shall be allowed without penalty.
<br />2. Charges; L'lens. Borrowers shall pay all real estate taxes and
<br />assessments attributable to the Property which may attain priority over
<br />this Security Instrument, and leasehold payments or ground rents, it
<br />any.
<br />Borrowers shall promptly discharge any lien which has
<br />priority over this Security Instrument unless Borrowers: (a) agree in
<br />writing to the oayme nt of the Obligation secured no the lien in a manner
<br />acceptable to Lender; 0% contest in good faLLh the lien by, or defend
<br />again', enforcement of the lion in, legal proceedings which in the
<br />Lender's opinion operate to prey rrL the enforcement of the lien or
<br />forfeiLUre of any part of the Property; or (c) secure from the holder
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