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g7_ 101503
<br />DEED OF TRUST
<br />WITH
<br />POWER OF SALE
<br />THIS DEED OF TRUST WITH POWER OF SALE, made this
<br />day of �r, 1987, by and among ROBERT SIEMERS AND BETTY
<br />SIEMERS, husband and wife, each in his and her own right and
<br />as spouse of the other, whose mailing address is Route 1,
<br />Box 299, Grand Island, Nebraska 68803, (herein "Trustor ");
<br />and THE LEGAL PROFESSIONAL CORPORATION OF HOWARD E. TRACY,
<br />whose mailing address is 706 West Koenig Street, Grand
<br />Island, Nebraska 68801, (herein "Trustee "); and FRED H.
<br />BOSSELMAN, whose mailing address is P.O. Box 1567, Grand
<br />Island, Hall County, Nebraska, 68802 -1567, (herein "Beneficiary ").
<br />FOR VALUABLE CONSIDERATION, including the indebtedness
<br />identified herein and the trust herein created, the receipt
<br />of which is hereby acknowledged, Trustor irrevocably grants,
<br />transfers, conveys, and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Beneficiary,
<br />under and subject to the terms and conditions of this Deed
<br />of Trust, the real property located in Hall County, Nebraska,
<br />and legally described as: The East Half of the Southeast
<br />Quarter (E'SE:) of Section Twenty -eight (28), Township
<br />Twelve (12) North, Range Ten (10), West of the 6th P.M.,
<br />Hall County, Nebraska.
<br />TOGETHER WITH, all rents, profits, royalties, income
<br />and other benefits derived from the real property; all
<br />leases or subleases covering the real property or any portion
<br />thereof, now or hereafter existing or entered into, and all
<br />right, title and interest of Trustor thereunder; all interests,
<br />estate or other claims, both in law and in equity, which
<br />Trustor now has or may hereafter acquire in the real property;
<br />all easements, rights -of -way, tenements, hereditaments and
<br />appurtenances thereof and thereto; all oil and gas rights
<br />and profits, water rights and water stock; all right, title
<br />and interest of Trustor, now owned or hereafter acquired, in
<br />and to any land lying within the right -of -way of any street
<br />or highway adjoining the real property, any and all buildings,
<br />fixtures, improvements, and appurtenances now or hereafter
<br />erected thereon or belonging thereto, (herein referred to as
<br />"Improvement" or Improvements "); and any and all awards made
<br />for the taking by eminent domain, or by any proceeding or
<br />purchase in lieu thereof, of the whole or any part of the
<br />real property.
<br />All of the foregoing estate, property and interest
<br />hereby conveyed to Trustee herein collectively referred to
<br />as the "Property ".
<br />THIS DEED OF TRUST SHALL SECURE:
<br />(a) The payment of indebtedness evidenced by Trustor's
<br />note of even date herewith in the principal sum of ONE
<br />HUNDRED FIFTEEN THOUSAND TWO HUNDRED AND NO /100 DOLLARS
<br />($115,200.00), together with interest at the rate or rates
<br />provided therein, (herein, together with any and all renewals_. - --
<br />modifications, and extensions thereof, referred to as the
<br />"Note ") both principal and interest on the Note being payable
<br />in accordance with the terms set forth therein, reference to
<br />which is hereby made, the final payment of principal and
<br />interest, if not sooner paid and if no renewals, modifications
<br />or extensions are made, due and payable on June 1, 1997; and
<br />(b) The performance of each agreement and covenant of
<br />Trustor herein contained; and
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