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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 Michael R Phillips and Bonita R Phillips.
<br />Husband and Wife. as Trustor, in which EQUITABLE BANK, formerly known as,
<br />EQUITABLE FEDERAL SAVINGS BANK OF GRAND ISLAND, formerly known as THE
<br />EQUITABLE BUILDING AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, is named as the
<br />Beneficiary and Earl D. Ahlschwede, Attorney, as Trustee, dated Julv 8. 2002, and
<br />recorded Julv 15. 2002, in the Office of the Register of Deeds of Hall County,
<br />Nebraska as Instrument No. 0200207391 regarding the real estate described in
<br />paragraph 3 below.
<br />
<br />2. Deed of Reconveyance. The indebtedness secured by the Deed of Trust
<br />executed by Michael R Phillips and Bonita R Phillips, as trustor, to Earl D.
<br />Ahlschwede, Attorney, as Trustee, for the benefit of EQUITABLE BANK, formerly
<br />Equitable Federal Savings Bank of Grand Island, formerly known as The Equitable
<br />Building and Loan Association of Grand Island, Nebraska., A Federal Savings Bank, Successor to The
<br />Equitable Building and Loan Association of Grand Island, Nebraska as Beneficiary, dated Julv 8.
<br />2002, and recorded in the office of the Register of Deeds of Hall County, Nebraska as
<br />Document No. 0200207391, has been paid, and the Beneficiary has requested in
<br />writing that this Deed of Reconveyance be executed and delivered as confirmed by its
<br />endorsement 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 Reconvevance.
<br />
<br />LOT TWENTY FOUR (24), WEST BEL AIR FIFTH SUBDIVISION, CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />EQUITABLE BANK,
<br />BENEFICIARY and SUBSTrI'UTE TRI JSTEE
<br />
<br />By
<br />
<br />
<br />L___
<br />
<br />STA'l'F: OF NEBRASKA, COUNTY OF HALL ~
<br />The foregoing Substitution of Trustee and Deed of Reconveyance was acknowledged
<br />before me this5-t-h-_Day of _J.uly ____________, 2006, bRick L. Harbaugh, PresidentjCFX)
<br />of Equitable Bauk, on behalf of said federal saviugs ban ';4Ciary CUbStitute Trustee
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