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<br /> 200600086
<br /> DEED OF TRUST ;;.. fa . (/1)
<br />
<br />
<br />
<br />THIS DEED OF TRUST is made this 4th day of January, 2006, by and among
<br />JACQUEL YN PIPES, a single person, whose mailing address is 404 W. Pine, Doniphan,
<br />Nebraska 68832, herein referred to as "Trustor"; BRANDON S. CONNICK, Attorney-at-Law,
<br />hereinafter referred to as "Trustee", whose mailing address is P.O. Box 790, Grand Island,
<br />Nebraska 68802; and DELBERT D. HURST AS TO AN UNDIVIDED FOUR-SEVENTHS
<br />(4/7) INTEREST, a single person, whose mailing address is 406 W. Pine, Doniphan, Nebraska
<br />68832 and YVONNE HURST AS TO AN UNDIVIDED THREE-SEVENTHS (3/7)
<br />INTEREST, a single person, whose mailing address is 621 Glenwood Drive, Lafayette, Colorado
<br />80026, as tenants in common, hereinafter collectively referred to as "Beneficiary".
<br />
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the Trustor's interest in the following-
<br />described property located in Hall County, Nebraska, to-wit:
<br />
<br />Lot Four (4) and the East 19.0 feet of Lot Five (5), Block One (1), Madelin Fry's
<br />Addition to the Village of Doniphan, Hall County, Nebraska,
<br />
<br />together with all improvements, fixtures and appurtenances located thereon or in any way
<br />pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, including
<br />all such personal property that is attached to the improvements so as to constitute a fixture, all of
<br />which, including replacements and additions thereto, are hereby declared to be a part of the real
<br />estate conveyed in trust hereby, it being agreed that all ofthe foregoing shall be hereinafter
<br />referred to as the "Property".
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />(a) the payment of indebtedness evidenced by Trustor's note of
<br />even date herewith in the principal sum of THIRTY-THREE
<br />THOUSAND AND NO/lOO DOLLARS ($33,000.00), together with inter-
<br />est at the rate provided therein, or the principal and interest on any future
<br />advance not to exceed the total principal sum initially secured hereby as
<br />evidenced by promissory notes stating they are secured hereby, and any
<br />and all renewals, modifications and extensions of such notes, both princi-
<br />pal and interest on the notes being payable in accordance with the terms
<br />set forth therein, which by this reference is hereby made a part hereof;
<br />
<br />(b) the performance of each agreement and covenant of Trustor
<br />herein contained; and
<br />
<br />(c) the payment of any sum or sums of money which may be
<br />hereafter paid or advanced by Beneficiary under the terms of this Deed of
<br />Trust, together with interest thereon at the rate provided in the note.
<br />
<br />To protect the security ofthis Deed of Trust, Trustor hereby covenants and agrees as
<br />follows:
<br />
<br />1. Payment of Indebtedness. To pay when due, the principal of, and the interest on,
<br />the indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan
<br />instruments.
<br />
<br />2. Title. Trustor is the owner of the property and has the right and authority to
<br />execute this Deed of Trust in respect to the property.
<br />
<br />3. Taxes and Assessments. To pay, when due, all taxes, special assessments and all
<br />other charges against the property, before the same become delinquent, and, in the event
<br />Beneficiary shall so require, to add to the payments required under the note secured hereby, such
<br />amount as may be sufficient to enable Beneficiary to pay such taxes, assessments or other
<br />charges as they become due.
<br />
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