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<br />DEED OF TRUST o
<br />THIS DEED OF TRUST is made as of the 3' day of September, 2002, by and among
<br />RSF Limited Partnership, a Nebraska limited partnership (the "Trustor "), whose mailing address is
<br />2508 Cottontail Road, Grand Island, NE; Wells Fargo Bank Nebraska, National Association, a
<br />banking association ( "Trustee'), whose mailing address is 304 W. Third Street, Grand Island,
<br />Nebraska 68802; and the Community Redevelopment Authority of the City of Grand Island, Nebraska
<br />('Beneficiary"), whose mailing address is P.O. Box 1968, Grand Island, Nebraska 68802 -1968.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary,
<br />under and subject to the terms and conditions of this Deed of Trust, the real property located in Grand
<br />Island, Hall County, Nebraska, and legally described as follows (the "Property"):
<br />Lots One (1) and Two (2), Arnold and Abbott Addition
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining roads,
<br />streets and alleys, improvements and buildings of any kind situated thereon, and all personal property
<br />that may be or hereafter become an integral part of such buildings and improvements, and all water
<br />and mineral rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) Payment of indebtedness in the total principal amount of Thirty -Seven Thousand
<br />Dollars ($37,000), with interest thereon, as evidenced by that certain promissory note of even
<br />date herewith (the "Note ") with a maturity date of December 15, 2017, executed by Trustor,
<br />which has been delivered and is payable to the order of Beneficiary, and which by this
<br />reference is hereby made apart hereof, and any and all modifications, extensions and renewals
<br />thereof; and
<br />(b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with
<br />interest thereon at the rate of ten percent (10 %) per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further
<br />secure the payment and performance of any obligation secured hereby are referred to collectively as
<br />the "Loan Instruments."
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