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<br />
<br />NEBRASKA DEED OF TRUST
<br />
<br />
<br />/L 'THIS I DEED OF TRUST is made as of the _S'..!{ day of
<br />_~t?/I7P6(', , 2006, by and among Jeffrey D. Engberg and Barbara
<br />J. Engberg, ("Trustor), whose mailing address is 309 Lakeside, Grand
<br />Island, Nebraska, David C. Huston ("Trustee"), whose mailing address is P.
<br />O. Box 429, Grand Island, Nebraska, and Niels C. McDermott
<br />("Beneficiary"), whose mailing address is 923 Austin Avenue, Grand
<br />Island, Nebraska.
<br />
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocablY transfers,
<br />conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE,
<br />for the benefit and security of Beneficiary, under and subject to the
<br />terms and conditions of this Deed of Trust, the real property located in
<br />the City of Grand Island, County of Hall, State of Nebraska, and described
<br />as follows: (the "Property"):
<br />
<br />Lot Nine (9) Washington Township, Hidden Lakes Subdivision
<br />Two, Grand Island, Hall County, Nebraska
<br />
<br />TOGETHER with, all rents, easements, appurtenances,
<br />hereditaments, interests in adjoining roads, streets, and alleys,
<br />improvements, and buildings of any kind situated thereon and all personal
<br />property that may be or hereafter become an integral part of such
<br />buildings and improvements, all crops raised thereon, and all water rights.
<br />
<br />The Property and the entire estate and interest conveyed to the
<br />Trustee are referred to collectively as the "Trust Estate."
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />a. Payment of indebtedness in the total principal amount of
<br />$178,000, with interest thereon, as evidenced by that certain promissory
<br />note of even date (the "Note") executed by Trustor, which has been
<br />delivered and is payable to the order of Beneficiary, and which by this
<br />reference is hereby made a part hereof, and any and all modifications,
<br />extensions, and renewals thereof, and,
<br />
<br />b. Payment of all sums advanced by Beneficiary to protect the
<br />Trust Estate, with interest thereon at the rate of nine percent (9%) per
<br />annum.
<br />
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