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<br />88->t06959
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<br />DKIlD OF TRDST
<br />
<br />THIS DEED OF TRUST is made as of the ~ day of December, 1988, by and
<br />among SHIRLEY A. NIELSEN, single, ("TRUSTOR"), whose mailing address is: 311
<br />Holcomb Street, Grand Island, Nebraska 68801;
<br />
<br />and DUANE A. BURNS, ("TRUSTEE"), whose mailing address is: P. O. Box 2300, Grand
<br />Island, Nebraska 68802;
<br />
<br />and BETTY J. COFFIN, ("BENEFICIARY") I whose mailing address is: 515 Driftwood,
<br />P. O. Box ...2Q!L, Estes Park, Colorado 80517;
<br />
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust,
<br />the real property located in the City of Grand Island,. County of Hall,. State of
<br />Nebraska, and legally described as follows: (the "Property"):
<br />
<br />Lot Two (2), in Block One (1), in Second Addition
<br />to Holcomb's Highway Homes SubdiVision, a part of
<br />the Northeast Quarter of the Northeast Quarter
<br />(NE1NEi) of Section Twenty-Eight (28). Township
<br />Eleven (11) North, Range Nine (9), West of the 6th
<br />P.M., Hall County, Nebraska,
<br />
<br />TOGETHER WITH all rents,. easements, appurtenances, hereditaments, interests
<br />in adjoining roads, streets and alleys, improvements and buildings of any kind
<br />situated thereon and all personal property that may be or hereafter become an
<br />integral part of such buildings and improvements.
<br />
<br />.;,-
<br />,
<br />
<br />The property and the entire estate and interest conveyed to the Trustee are
<br />referred to' collectively as the IITrust Estate".
<br />
<br />FOR TBIl PURPOSE OF SECURING:
<br />
<br />a. Payment of indebtedness in the total principal amount of $45,000.00,
<br />with interest thereon,. as evidenced by the certain Promissory Note of even date
<br />(the "Note") with a maturity date of January I, 1992, executed by Trustor, which
<br />has been 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 rand,
<br />
<br />b. Payment of all swns advanced by Beneficiary to protect the Trust Estate,
<br />with interest thereon at the rate of 8 percent per annum.
<br />
<br />This Deed of Trust,. the Note, and any other instrument given to evidence or
<br />further secure the payment and performance of any obligation secured hereby are
<br />referred to collectively as the "Loan Instrumentsl!.
<br />
<br />TO PROTECT TBIl SECURITY OF THIS DEIlD OF TRUST:
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<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of,
<br />and the interest an, the indebtedness evidenced by the Note, charges, fees and
<br />all other sums as provided in the Loan Instruments.
<br />
<br />2. TAXES. Trustor shall pay each installment of all taxes and special
<br />assessments of every kind, now or hereafter levied against the Trust Estate or
<br />any part hereof, before delinquency, without notice or demand, and shall provide
<br />Beneficiary with evidence of the payment of same. Trustor shall pay all taxes
<br />and assessments which may be levied upon Beneficiary's interest hereL~ or upon
<br />this Deed of Trust or the debt secured hereby, without regard to any law that may
<br />be enacted imposing payment of the whole or any part thereof upon the
<br />Benef iciary .
<br />
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended
<br />coverage insurance insuring the improvements and buildings constituting part of
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