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<br />DEED OF TRUST
<br />This DEED OF TRUST is made as of the 19TH day of August
<br />2002 by and
<br />among the Trustor, Theodore J Robb, A Single Person , whose mailing address for
<br />purposes of this Deed of Trust is 3740 S Hwy 281 Grand Island NE 68803 (herein,
<br />"Trustor", whether one or more), the Trustee, Earl D. Ahlsehwede
<br />Attorney whose mailing
<br />SG
<br />address is 202 W. 3`d St. Grand Island, NE 68801 (herein
<br />"Trustee "), and the
<br />Beneficiary, Equitable Federal Savings Bank of Grand Island, whose mailing address is PO
<br />Box 160, Grand Island NE 68802 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified
<br />herein to Theodore J. Robb, A Single Person (herein "Borrower ", whether ne or
<br />more), and the trust herein created, the receipt of which is hereby acknowledged, Trustor
<br />hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and
<br />conditions hereinafter set forth, legally described as follows:
<br />See Attached Exhibit "A"
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to,
<br />heating and cooling equipment and together with the homestead or marital interests, if any,
<br />which interests are hereby released and waived, all of which, including replacements and
<br />additions thereto, is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced
<br />by a Promissory Note dated August 19 2002 having a maturity date of
<br />September L 2007 in the original principal amount of Five Hundred
<br />and Eight Five Thousand and No /100 Dollars ($585,000,00), and any and all modifications,
<br />extensions and renewals thereof or thereto and any and all future advances and readvances to
<br />Borrower (or any of them if more than one) hereunder pursuant to one or more promissory
<br />notes or credit arrangements (herein called "Note "); (b) the payment of other sums advanced
<br />by Lender to protect the security of the Note; (c) the performance of all covenants and
<br />agreements of Trustor set forth herein; and (d) all present and future indebtedness and
<br />obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect,
<br />absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The
<br />Note, this Deed of Trust and any and all other documents that secure the Note or otherwise
<br />executed in connection therewith, including without limitation guarantees, security
<br />agreements and assignments of leases and rents, shall be referred to herein as the "Loan
<br />Instruments ".
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />1) Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2) Title. Trustor is the owner of the Property, has the right and authority to convey the
<br />Property and warrants that the lien created hereby is a first and prior lien on the Property
<br />and the execution and delivery of the Deed of Trust does not violate any contract or other
<br />obligation to which Trustor is subject.
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