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<br />200603605 DEED OF TRUST
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<br />THIS DEED OF TRUST, is made as of the 2151 day of April, 2006, by and among, Rosemary K.
<br />Kallos, Guardian/Conservator of the Estate of Nickie John Kallos, Sr., an Incapacitated Person, and Nickie J.'Kallos,
<br />Jr., a single person, ( "Trustor "), whose mailing address is 101 Mercury Court, Alda, NE 68810; Gary D. Byrne, a
<br />member of the Nebraska State Bar Association ( "Trustee "), whose mailing address is P.O. Box 929, North Platte, NE
<br />69103 -929 and Competitive Mortgage, Inc., ( "Beneficiary"), whose mailing address is 3333 W. State Street, Grand
<br />Island, NE 68003.
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<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, sL7
<br />IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property located in the County of Hall, State of Nebraska, and legally described
<br />as follows (the "Property "):
<br />Parcel A:
<br />Part of Lots Two (2) and Three (3) in Block Twenty -three (23) in Nagy's Addition to the City of Grand
<br />9 Island, Hall County, Nebraska, more particularly described as follows: Beginning at the Southwest
<br />corner of said Lot Three (3); thence running Easterly along and upon the Southerly line of said Lots
<br />Two (2) and Three (3), a distance of Ninety-eight and Nineteen Hundredths (98.19) feet to a point on
<br />the Westerly line of Plum Street; thence deflecting left 121 °05' and running Northwesterly along and
<br />upon the Westerly line of Plum Street, a distance of Thirty -one and Twenty-four Hundredths (31.24)
<br />feet; thence continuing Northwesterly along and upon the arc of a circle whose radius is One Hundred
<br />Twenty -five (125.0) feet (also the Westerly line of Plum Street) a distance of Fourteen and One Tenth
<br />hn (14.1) feet; thence Westerly along and upon a line Thirty-eight and Nine Tenths (38.9) feet Northerly
<br />y and parallel to the Southerly line of said Lots Two (2) and Three (3), a distance of Seventy -five and
<br />Seven Tenths (75.7) feet, to the West line of said Lot Three (3); thence Southerly along and upon the
<br />Westerly line of said Lot Three (3), a distance of Thirty -eight and Nine Tenths (38.9) feet to the place
<br />of beginning.
<br />Parcel B:
<br />The West One Hundred (100) feet of Lot Eleven (11), Frank P. Barks Subdivision to the City of Grand
<br />Island, Hall County, Nebraska
<br />TOGE'T'HER 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 that may be or
<br />hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as
<br />the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $16,757.00, with interest thereon, as
<br />evidenced by that certain promissory note of even date (the "Note ") with a maturity date of May 1, 2036, executed by
<br />Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is hereby made
<br />a part hereof, 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 interest thereon at
<br />the rate of 1 S.0% Per annum, and
<br />c. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment
<br />and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the
<br />interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments.
<br />2, TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special assessments of every
<br />kind, now or hereafter levied against the Trust Estate or any part thereof directly without notice or demand as each
<br />installment comes due and shall provide the Beneficiary with evidence of the payment of the same.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance
<br />insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of
<br />the unpaid principal balance of the Note (co- insurance not exceeding 80% permitted). Such insurance policy shall
<br />contain a standard mortgage clause in favor of Beneficiary and shall not be cancelable, terminable or modifiable without
<br />ten (10) days prior written notice to Beneficiary. Trustor shall furnish Beneficiary a certificate of insurance coverage
<br />at Beneficiary's request, with a provision in such certificate that the insurer shall provide Beneficiary ten (10) days
<br />advance notice of any cancellation of the policy at any time for any reason, or of expiration of policy without renewal
<br />thereof. Trustor shall promptly repair, maintain, and replace the Trust Estate or any part thereof so that, except for
<br />ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the
<br />Trust Estate.
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