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<br />SUBSTITUTION OF TRUSTEE AND DEED OF RECONVEYANCE ~
<br />
<br />1. Substitution of Trustee. Equitable Federal Savings Bank of Grand Island, ~
<br />of P.O. Box 160, Grand Island, NE 68802, is hereby appointed Successor Trustee
<br />under the Deed of Trust executed by Shafer Properties. L.L.C. as Trustor, in which
<br />EQUITABLE BANK, formerly known as, EQUITABLE FEDERAL SAVINGS BANK OF
<br />GRAND ISLAND, formerly known as THE EQUITABLE BUILDING AND LOAN ASSOCIATION OF
<br />GRAND ISLAND, NEBRASKA, is named as the Beneficiary and Earl D. Ahlschwede,
<br />Attorney, as Trustee, dated February 5. 2003, and recorded February 5. 2003, in
<br />the Office of the Register of Deeds of Hall County, Nebraska as Instrument No.
<br />0200301427 regarding the real estate described in paragraph 3 below.
<br />
<br />2. Deed of Reconvevance. The indebtedness secured by the Deed of Trust
<br />executed by Shafer Properties. L.L.C.., as trustor, to Earl D. Ahlschwede, Attorney,
<br />as Trustee, for the benefit of EQUITABLE BANK, formerly Equitable Federal Savings
<br />Bank of Grand Island, formerly known as The Equitable Building and Loan Association of
<br />Grand Island, Nebraska., A Federal Savings Bank, Successor to The Equitable Building and Loan
<br />Association of Grand Island, Nebraska as Beneficiary, dated February 5. 2003, and recorded in
<br />the office of the Register of Deeds of Hall County, Nebraska as Document No.
<br />0200301427, has been paid, and the Beneficiary has requested in writing that this
<br />Deed of Reconveyance be executed and delivered as confirmed by its endorsement
<br />below.
<br />
<br />In consideration of such payment and in accordance with the request of the
<br />Beneficiary, the Substitute Trustee reconveys to the person or persons entitled thereto
<br />all the right title and interest and claim acquired by the Trustee pursuant to the Deed
<br />of Trust in the real estate described in paragraph 3 below.
<br />
<br />3. Description of real estate applicable to both Substitution of Trustee
<br />and Deed of Reconveyance.
<br />
<br />THE WESTERLY ONE-THIRD (WI/3), LOT FIVE (5), IN BLOCK FIFTY SIX (56), IN
<br />ORGINAL TOWN, NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />EQUITABLE BANK,
<br />BENEFICIARY and SUBSTITUTI!": TRUSTEE
<br />
<br />
<br />By ~ If.
<br />
<br />Its President/ CEO
<br />
<br />STATE OF NEBRASKA, COUNTY OF IIALL ~
<br />The foregoing Substitution of Trustee and Deed of Reconveyance was acknowledged
<br />before tHe this _JOTltDay of _JJJNE _____________, 2006, by Rick L. llarbaugh, President/CEO
<br />of Equitable Bank, on behalf of said federal savings bank, I3eneficiary and Substitute Trustee
<br />
<br />) . ,-, ()
<br />Not;'~~~
<br />
<br />
<br />GENERAL NOT.a.RY - State of ~ebraska
<br />l~ CINDY SCHEr:R.. .
<br />~ -... ~,., rom!"'"'. r.,~. ,!:.,.'" 0' 'C'ttJ)
<br />
<br />
<br />GENERAL NOTARY - State of Nebras
<br />CINDY SCHEER
<br />My Comm, Exp, Jan. 31, 2009
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