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<br />THIS DEED OF TRUST is made on this /5 day of September, 2008.
<br />
<br />The Trustor and Borrower is Gordon Wales and Margaret Wales, husband and wife, jointly and severally,
<br />whose address is 3030 Saint Paul Road, Grand Island, NE 68801.
<br />
<br />The Trustee is John C. Hurd, a member of the Nebraska State Bar Association, whose address is 12480
<br />Street, Suite 800, Lincoln, NE 68508.
<br />
<br />The Beneficiary is Robert L. Lassen, Personal Representative of the Estate of James P. Lassen, Deceased,
<br />whose address is 5131 Quail Ridge Drive, Lincoln, NE 68516, also designated in this Deed of Trust as
<br />"Lender" .
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<br />For valuable consideration, including the indebtedness identified herein and the trust herein created,
<br />the receipt of which is hereby acknowledged, Borrower hereby irrevocably grants, transfers, conveys and
<br />assigns to Trustee, in trust, WITH POWER OF SALE, for the benefit and security of Lender, under and
<br />subject to the terms and conditions hereinafter set forth, the real estate that is more specifically described on
<br />Exhibit A to this Deed of Trust which is made a part hereof and incorporated herein by this reference,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon or in any way pertaining thereto, and the rents, issues and profits,
<br />reversions and remainders thereof, all proceeds of the conversion, voluntary or involuntary, or any of the
<br />foregoing into cash or liquidated claims, including, without limitation, proceeds of insurance and
<br />condemnation awards; and such personal property that is attached to the improvements so as to constitute a
<br />fixture including, but not limited to, heating and cooling equipment and together with tIle homestead or
<br />mm;tal interests, if any, which interests are hereby released and waived, all of which, including replacements
<br />and additions thereto, are hereby declared to be a part of the real estate secured by the lien of this Deed of
<br />Trust and all of the foregoing being referred to herein as the "Real Estate", "Property", or "Trust Estate",
<br />
<br />This Deed of Trust is given for the purpose of securing:
<br />
<br />A. The payment of indebtedness in the total principal amount of Sixty-six Thousand
<br />Dollars ($66,000.00), together with interest thereon and any penalties thereon as evidenced by that
<br />certain Promissory Note of even date (the "Note") executed by the Borrower and which has been
<br />delivered and is payable to the order of Lender, and which by this reference is made a part hereof,
<br />and any and all modifications, extension and renewals thereof.
<br />
<br />B.
<br />hereby.
<br />
<br />Payment oOate charges and charges upon acceleration of the indebtedness secured
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