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DEED OF TRUST $6- 107006 This Deed of Trust is made this Ath day of December , 19_., by and among REAL ESTATE INVESTORS, INC. hereinafter referred to as Trustor, whose mailing address is 2548 Carl�nn i�a Avan Grand Island, NE; AREND R. BAACK, Attorney at Law, hereinafter referred to as Trustee," whose mailing address is P. 0. Box 790, Grand Island, Nebraska 68802; and H0ME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Beneficiary," whose mailing address is 221 South Locust Street, P. 0. Box 1009, Grand Island, Nebraska 68802. For valuable cor.sideration., Trustor irrevocably grants, transfers, conveys and assigns to Trustee, in trust, with power of sale, for the benefit and security of Bene- ficiary, under and subject to the terms and conditions of this Deed of Trust, the fol- lowing described property, located in HALL County, Nebraska, to -wit: LOT TWO (2) IN 7ANISCH SUBDIVISION, AN ADDITION TO THE CITY OF GRAND ISLAND, COMPRISIN ^u ALL OF LOT TWO (2), FONNER SUBDIVISION, AN ADDITION TO THE CITY OF GRAND ISLAND, EXCEPTING THEREFROM THE WEST FOUR AND FIVE TENTHS (4.5) FEET OF THE SOUTH SIX (6.0) FEET, LOCATED IN PART OF THE WEST HALF OF THE SOUTHWEST QUARTER (W1 /2 SW1 /4) OF SECTION TWENTY TWO (22), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.m., IN HALL COUNTY, NEBRASKA. The Rider to the Deed of Trust which is attached hereto and executed on the same day is hereby incorporated into the mortgage. The Rider shall amend and supplement the covenants and agreements of this mortgage as if the Rider was a part thereof. together with all buildings, improvements, fixtures, stree *_s, alleys, passageways, easements, rights, privileges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, includ- ing all such personal property that is attached to the improvements so as to constitute a fixture, all of which, including replacements and additions thereto, are hereby de- clared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter referred to as the "Property." FOR THE PURPOSE OF SECURING: (a) the payment of indebtedness evidenced by Trustor's note of even date herewith in the principal sum of FIFTY THOUSAND AND NO/Inn ------------------- ($ 50,0OO.00 ), together with the balance of such indebtedness, if not sooner paid, due and payable on 7an„arh 1 , lQQ7; with interest at the rate or rates provided therein., along with the payment of all other sums, with interest thereon., advanced in accordance herewith to protect the security of this Deed of Trust, together with the principal and interest on any future advance as evidenced by promissory notes stating they are secured hereby, and any and all renewals, modifi- cations and extensions of such notes, both principal and interest on the notes being payable in accordance with the terms set forth therein, which by this refer- ence is hereby made a part hereof. The holder hereof shall have the option to accelerate the maturity of the rote for which this mortgage is given as security, at any time after the NA loan. year after first giving the undersigned or the then owner of the premises described herein a written notice three months in advance of its intent to do so. At no time shall the principal amount of the indebtedness secured by this Deed of Trust, not including sums advanced in accord- ance herewith to protect theaecurity of the Deed of Trust, exceed the original amount of the rote plus S n_nn (b) the performance of each agreement and covenant of Trustor herein contained; and (c) the payment of any sum or sums of money which may be hereafter paid or advanced by Beneficiary under the terms of this Deed of Trust, together with interest thereon at the rate provided in. the note. To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows: