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<br />200213236 y
<br />DEED OF TRUST w k
<br />Loan # 804986
<br />This DEED OF TRUST is made as of the 20th day of November, 2002 by and \ \T'
<br />among the Trustor, James Kramer and Lynette Kramer, Husband and Wife , whose
<br />mailing address for purposes of this Deed of Trust is 5018 S. Elk Dr., Grand
<br />Island, NE. (herein, "Trustor", whether one or more), the Trustee, Earl D
<br />Ahlschwede, Attorney whose mailing address is_
<br />202 W. 3r° 8t. Grand Island. NE 68801 (herein "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 James Kramer and Lynette Kramer, (herein `Borrower",
<br />whether one or more), and the trust herein created, the receipt of which is hereby
<br />acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee,
<br />IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and
<br />subject to the terms and conditions hereinafter set forth, legally described as follows:
<br />Lot One (1), Wildwood Second Subdivision, Hall County, Nebraska.
<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 November 20 .2002 , having a maturity date of
<br />November 20, 2009 , in the original principal amount of Thir
<br />Nine Thousand Forty Seven and 37/100 Dollars ($ 39,047.37 1, and any and all
<br />modifications, extensions and renewals thereof or thereto and any and all future advances and
<br />readvances to Borrower (or any of them if more than one) hereunder pursuant to one or more
<br />promissory notes or credit arrangements (herein called "Note "); (b) the payment of other
<br />sums advanced by Lender to protect the security of the Note; (c) the performance of all
<br />covenants and agreements of Trustor set forth herein; and (d) all present and future
<br />indebtedness and obligations of Borrower (or any of them if more than one) to Lender
<br />whether direct, indirect, absolute or contingent and whether arising by note, guaranty,
<br />overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that
<br />secure the Note or otherwise executed in connection therewith, including without limitation
<br />guarantees, security agreements and assignments of leases and rents, shall be referred to
<br />herein as the "Loan 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 />kRAMER.doc 1 of 6
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