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<br />88- 105204
<br />
<br />DEED OF 'fRUST
<br />
<br />THI S DEED OF TRUST, is made as 0 f the 2l... day 0 f S.....if1-/- ,
<br />1988, by and among JOHN LAUK and MAURllIE LAUK, Husband and lEe, Trustor,
<br />whose mailing address is 4217 Lariat Place, Grand Island, Nebraska 68803, and
<br />RONALD S. DEPUE, Trustee, whose mailing address is 811 West Second, P.O. Box
<br />173, Grand Island, Nebraska 68802, and JOHN X. SUSER and MARGARET M. SETSER,
<br />Beneficiary, whose mailing address is 1038 Eldorado, Appleton, Wisconsin
<br />54911.
<br />
<br />FOR YALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys
<br />and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and
<br />security of Beneficiary, under and subject to the terms and condition of this
<br />Deed of Trust, the real property, located in the City of Grand IsJand, County
<br />of Hall, State of Nebraska, and described as follows (the "Property"):
<br />
<br />Lot Forty-three (43J, Western Heights Third
<br />Subdivision, Grand Island, Hall County, Nebraska.
<br />
<br />TOGETHER WITH, all rents, easements, appurtenances, improvements and
<br />buildings of any kind situated thereon and all personal property that may be
<br />or hereafter become an integral part of such buildings and improvements,
<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 />$63,500.00, with interest thereon, as evidenced by that certain promissory
<br />note of even date (the "Note") with a maturity date of October I, 1991,
<br />executed by Trustor, which has been delivered and is payable to the order of
<br />Beneficiary, and which by this reference is hereby made a part hereof, and any
<br />and all modifications, extensions and renewals thereof, and
<br />
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust
<br />Estate, with interest thereon at the rate of nine percent (9\) per annum.
<br />
<br />This Deed of Trust, the Note, and any other instrument given to
<br />evidence or further secure the payment and performance of any obligation
<br />secured hereby are referred to collectively as the "Loan Instruments".
<br />
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />
<br />1. PAYMENT OF INDE8TEDNESS. Trustor shall pay when due the
<br />principal of, and the interest on, the indebtedness evidenced by the Note,
<br />charges, fees and all other sums as provided in the Loan Instruments,
<br />
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