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<br />THIS DEED OF TRUST is made as of the I" day of September 2003 by and amon C 1 O
<br />Procon Development Company, LLC, (the "Trustor "), whose mailing address is 615 Ivy Hall Place,
<br />Grand Island, NE 68801; Home Federal Savings and Loan Association, a banking association
<br />( "Trustee "), whose mailing address is P.O. Box 1009, Grand Island, NE 68802 -1009; and the .
<br />Community Redevelopment Authority of the City of Grand Island, Nebraska ('Beneficiary"), whose
<br />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 />Lot 8, Block 66, Original Town, Grand Island, Hall County, Nebraska
<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 One Hundred Sixty -nine
<br />Thousand Two Hundred Sixty -seven and 00 /100 Dollars ($169,267.00), with interest thereon,
<br />as evidenced by that certain promissory note of even date herewith (the "Note ") with a
<br />maturity date of December 15, 2018, executed by Trustor, which has been delivered and is
<br />payable to the order of Beneficiary, and which by this reference is hereby made a part hereof,
<br />and any and all modifications, extensions and renewals 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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<br />THIS DEED OF TRUST is made as of the I" day of September 2003 by and amon C 1 O
<br />Procon Development Company, LLC, (the "Trustor "), whose mailing address is 615 Ivy Hall Place,
<br />Grand Island, NE 68801; Home Federal Savings and Loan Association, a banking association
<br />( "Trustee "), whose mailing address is P.O. Box 1009, Grand Island, NE 68802 -1009; and the .
<br />Community Redevelopment Authority of the City of Grand Island, Nebraska ('Beneficiary"), whose
<br />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 />Lot 8, Block 66, Original Town, Grand Island, Hall County, Nebraska
<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 One Hundred Sixty -nine
<br />Thousand Two Hundred Sixty -seven and 00 /100 Dollars ($169,267.00), with interest thereon,
<br />as evidenced by that certain promissory note of even date herewith (the "Note ") with a
<br />maturity date of December 15, 2018, executed by Trustor, which has been delivered and is
<br />payable to the order of Beneficiary, and which by this reference is hereby made a part hereof,
<br />and any and all modifications, extensions and renewals 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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