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<br />DEED OF TRUST 200503058
<br />THIS DEED OF TRUST is made this 3 .cf day of X11 , 24", by and
<br />between JUNE M. ATKINS and THOMAS M. ATKINS, JR., wife and husband, hereafter designated as
<br />BORROWER, whose mailing address is; 6319 S. ALDA ROAD, ALDA, NE. 68810; RANDALL
<br />ALEXANDER, hereinafter called the TRUSTEE, whose mailing address is 211 W. l6th, P.O. Box 744,
<br />Kearney, Nebraska 68848; and HARRY H. SPIEHS and LINDA D. SPIEHS, husband and wife,,
<br />hereinafter referred to as BENEFICIARY, whose mailing address is 6315 SOUTH ALDA ROAD, ALDA,
<br />NE 68868, hereafter designated as LENDER. BORROWER irrevocably conveys to TRUSTEES, in Trust,
<br />with POWER OF SALE, the following:
<br />LOT ONE (1) of GEN 2 GEN SUBDIVISION, a SUBDIVISION IN THE NORTHWEST
<br />QUARTER (NW1 /4) OF SECTION SEVENTEEN (17) TOWNSHIP TENT (10) NORTH,
<br />RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br />Together with all the rents and profits therefrom and subject to easements and restrictions of record,
<br />if any.
<br />BORROWER owes LENDER Fifty -One Thousand and no /100 ($51,000) evidenced by
<br />BORROWER'S note dated May 30, 2001, payable according to the terms thereof.
<br />This security instrument secures to LENDER the debt evidenced by said note, the payment
<br />of all other sums, with interest, advanced under the provisions hereafter to protect the security and
<br />the performancy of BORROWER'S covenants and agreements.
<br />BORROWER covenants that BORROWER is lawfully seized of such real estate and has the
<br />legal power and lawful authority to convey the same and warrants and will defend title to the real
<br />estate against the lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. BORROWER shall pay when due, the principal and interest as provided in said note.
<br />2. All payments received by LENDER shall be first applied to advances which may have
<br />been made by LENDER and then to interest due and last to principal due.
<br />3. BORROWER shall pay all general real estate taxes and special assessments against the
<br />property before the same become delinquent.
<br />4. If LENDER determines that any part of this property is subject to a lien, which is or may
<br />attain priority over this security instrument, LENDER may give BORROWER a notice identifying
<br />the lien and BORROWER shall satisfy the lien within thirty (30) days.
<br />5. Buyer shall keep the improvements on said premises insured against loss by fire and
<br />hazards included within the term "extended coverage" for their insurable value and policies for the
<br />same shall include a standard mortgage clause showing LENDER herein. In event of loss,
<br />LENDER may make proof of loss if not promptly made by BORROWER. Insurance proceeds shall
<br />be applied to restoration or repair of the property damaged, unless both parties otherwise agree,
<br />applied to restoration or repair of the property damaged, unless both parties otherwise agree, except
<br />if restoration or repair is not economically feasible or LENDER's security is not lessened, otherwise
<br />said proceeds shall be paid on the debt herein, whether or not then due.
<br />Unless LENDER and BORROWER otherwise agree in writing, any payment or proceeds
<br />from Insurance shall not extend or postpone the due date of the payments provided in said note, or
<br />change the amount of the payments.
<br />6. If BORROWER fails to perform the covenants and agreements herein contained,
<br />LENDER may do and pay for whatever is necessary to protect the value of the property and
<br />LENDER'S rights in the property, including the paying of any sum secured by a lien which has
<br />priority over this security instrument, appearing in Court, paying reasonable attorney fees, to the
<br />extent allowed by law and entering the property to make repairs. Any amount disbursed by
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