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<br /> March 8th, 2007
<br /> DEED OF TRUST
<br />
<br />
<br />
<br />THIS DEED OF TRUST is made this 8th day of March, 2007, by and among TOMMY
<br />L. UMMEL, SR., single, and TOMMY L. UMMEL, JR. and CARY UMMEL, his wife,
<br />("TRUSTOR"), whose mailing address is 2421 W. Old Lincoln Hwy, Grand Island, Nebraska
<br />68801 ;
<br />
<br />and DUANE A. BURNS, a member of the Nebraska State Bar Association ("TRUSTEE"),
<br />whose mailing address is P.O. Box 2300, Grand Island, Nebraska 68802;
<br />
<br />and ALBERT F. MUELLER, single, ("BENEFICIARY"), whose mailing address is 1204 N.
<br />Cleburn Street, Grand Island, Nebraska 68801.
<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 ot
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real
<br />property located in the County of Hall, State of Nebraska, and legally described as follows:
<br />(the "Property"):
<br />
<br />Lots One (1), Two (2) and Three (3), Block Two (2), Revised Plat of
<br />West's Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska, excepting the road right-at-way
<br />
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments; interest in
<br />adjoining roads, improvements and buildings of any kind situated thereon and all personal
<br />property that may be or hereafter become an integral part of such property.
<br />
<br />The property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate".
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />a. Payment of indebtedness in the total principal amount of $50,000.00, with interest
<br />thereon at the rate of six percent (6.0%) per annum, as evidenced by that certain Deed of
<br />Trust Promissory Note of even date ("The Note") with a maturity date of April 1 , 2012,
<br />executed by Trustor, which has been delivered and is payable to the order of Beneficiary and
<br />which by this reference is made a part hereof, and any and all modifications, extensions and
<br />renewals thereof;
<br />
<br />b. Payment of all title insurance charges, fees, legal fees and costs in the event of
<br />Trustor's default; and
<br />
<br />c. Payment of all sums which may have been advanced by Beneficiary to protect the
<br />Trust Estate which shall be secured by this Deed of Trust, with interest thereon at the rate of
<br />twelve (12%) percent per annum.
<br />
<br />This Deed of Trust, the Deed of Trust Promissory Note, and any other instrument
<br />given to evidence or further secure the payment and performance of any obligation secured
<br />hereby are referred to collectively as the "Loan Instruments".
<br />
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