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<br />THIS DEED OF TRUST is made on January ��, 2002. The Trustors are
<br />Steven Lemburg and Dana Lemburg, husband and wife, and David Fries and
<br />Sharon Fries, husband and wife, ( "Borrowers "). The Trustee is Denise D.
<br />Myers, of Lauritsen, Brownell, Brostrom, Stehlik, Thayer & Myers, 724 W. c
<br />Koenig Street, Grand Island, Nebraska 68801, ( "Trustee "). The
<br />beneficiaries are Darrel E. Brundage and Yvonne M. Brundage, P.O. Box 12,
<br />Cairo, Nebraska, 68824, ( "Lender "). Borrowers owe Lender the principal
<br />sum of Seven Thousand and 00 /100 Dollars ($7,000.00). This debt is
<br />evidenced by Borrowers' note dated the same date as this Security
<br />Instrument ( "Note "), which provides for monthly payments. The Deed of
<br />Trust (sometimes referred to herein as "security instrument ") secures to
<br />Lender: (a) the repayment of the debt evidenced by the Note, with
<br />interest, and all renewals, extensions and modifications; (b) the payment
<br />of all other sums, with interest, advanced under paragraph 4 to protect
<br />the security of this Security Instrument; and (c) the performance of
<br />Borrowers' covenants and agreements. For this purpose, Borrowers
<br />irrevocably grant and convey to Trustee, in trust, with power of sale,
<br />the following described property located in Hall County, Nebraska:
<br />All of the West One Hundred (100) feet of Lot Six (6), and the
<br />North Two (2) feet of the West One Hundred (100) feet of Lot
<br />Five (5), all in Block Six (6) of the Original Town of Cairo,
<br />Hall County, Nebraska.
<br />TOGETHER WITH all the 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 rights and stock and all
<br />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
<br />foregoing is referred to in this Security Instrument as the "Property ".
<br />BORROWERS COVENANT that 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 to the Property against all claims and demands,
<br />subject to any encumbrances of record.
<br />COVENANTS. Borrowers and 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; Liens. 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, if any.
<br />Borrowers shall promptly discharge any lien which has priority
<br />over this Security Instrument unless Borrowers: (a) agree in writing to
<br />the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender; (b) contest in good faith the lien by, or defend against
<br />enforcement of the lien in, legal proceedings which in the Lender's
<br />opinion operate to prevent the enforcement of the lien or forfeiture of
<br />any part of the Property; or (c) secure from the holder of the lien an
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<br />TRUST DEED
<br />2 0 a 2 O l l 9 3
<br />THIS DEED OF TRUST is made on January ��, 2002. The Trustors are
<br />Steven Lemburg and Dana Lemburg, husband and wife, and David Fries and
<br />Sharon Fries, husband and wife, ( "Borrowers "). The Trustee is Denise D.
<br />Myers, of Lauritsen, Brownell, Brostrom, Stehlik, Thayer & Myers, 724 W. c
<br />Koenig Street, Grand Island, Nebraska 68801, ( "Trustee "). The
<br />beneficiaries are Darrel E. Brundage and Yvonne M. Brundage, P.O. Box 12,
<br />Cairo, Nebraska, 68824, ( "Lender "). Borrowers owe Lender the principal
<br />sum of Seven Thousand and 00 /100 Dollars ($7,000.00). This debt is
<br />evidenced by Borrowers' note dated the same date as this Security
<br />Instrument ( "Note "), which provides for monthly payments. The Deed of
<br />Trust (sometimes referred to herein as "security instrument ") secures to
<br />Lender: (a) the repayment of the debt evidenced by the Note, with
<br />interest, and all renewals, extensions and modifications; (b) the payment
<br />of all other sums, with interest, advanced under paragraph 4 to protect
<br />the security of this Security Instrument; and (c) the performance of
<br />Borrowers' covenants and agreements. For this purpose, Borrowers
<br />irrevocably grant and convey to Trustee, in trust, with power of sale,
<br />the following described property located in Hall County, Nebraska:
<br />All of the West One Hundred (100) feet of Lot Six (6), and the
<br />North Two (2) feet of the West One Hundred (100) feet of Lot
<br />Five (5), all in Block Six (6) of the Original Town of Cairo,
<br />Hall County, Nebraska.
<br />TOGETHER WITH all the 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 rights and stock and all
<br />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
<br />foregoing is referred to in this Security Instrument as the "Property ".
<br />BORROWERS COVENANT that 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 to the Property against all claims and demands,
<br />subject to any encumbrances of record.
<br />COVENANTS. Borrowers and 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; Liens. 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, if any.
<br />Borrowers shall promptly discharge any lien which has priority
<br />over this Security Instrument unless Borrowers: (a) agree in writing to
<br />the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender; (b) contest in good faith the lien by, or defend against
<br />enforcement of the lien in, legal proceedings which in the Lender's
<br />opinion operate to prevent the enforcement of the lien or forfeiture of
<br />any part of the Property; or (c) secure from the holder of the lien an
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