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<br /> DEED OF TRUST t.r1 ---
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<br />
<br />THIS DEED OF TRUST is made on this 19th day of November, 2008. The Trustor
<br />(whether one or more) is BRIAN SWEETSEIf and KIMBERLY SWEETSEJi', Husband and
<br />Wife, whose address for purposes of notices in respect to this Deed of Trust is 105 Hoffman
<br />A venue, Doniphan, NE 68832 and is sometimes herein identified as Borrower. The Trustee is
<br />AREND R. BAACK, Attorney at Law and member of the Nebraska State Bar Association,
<br />whose address is 104 N. Wheeler, P.O. BO~X 490, Grand Island, NE 68802-0790. The
<br />Beneficiary is STAROSTKA GROUP UNL' ED, INC., a Nebraska corporation, whose
<br />address for purposes of notification under this eed of Trust is 429 Industrial Lane, P.O. Box
<br />5316, Grand Island, NE 68802-5316 and is sometimes herein identified as Lender.
<br />
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH
<br />POWER OF SALE, THE FOLLOWING:
<br />
<br />Lot Twenty-Two (22), Hoffman Second Subdivision, an Addition to the Village
<br />of Doni ph an, Hall County, Nebraska,
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to, heating
<br />and cooling equipment and together with the homestead or marital interests, if any, which
<br />interests are hereby released and waived, all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien ofthis Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property".
<br />
<br />This Deed of Trust secures the total sum of Seven Thousand Two Hundred and No/ I 00
<br />Dollars ($7,200.00) as evidenced by Borrower's Deed of Trust Note of even date.....h~with
<br />(hereinafter referred to as "Debt") which has a stated maturity date of November 18, 2~ This
<br />Debt shall include any and all modifications, extensions and renewals thereof or thereto and any
<br />and all future advances and re-advances to Borrower (or any of them ifmore than one) hereunder
<br />pursuant to one or more promissory notes or credit agreements (herein called "Note").
<br />
<br />This Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all
<br />other sums, with interest, advanced under the provisions hereafter to protect the security and the
<br />performance of Borrower's covenants and agreements.
<br />
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal
<br />power and lawful authority to convey the same and warrants and will defend title to the real
<br />estate against the lawful claims of all persons.
<br />
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />
<br />1. Borrower shall pay when due, the principal and interest as provided in said Note.
<br />
<br />2. All payments received by Lender shall be first applied to advances that may have been
<br />made by Lender and then to interest due and last to principal due.
<br />
<br />3. Borrower shall pay all general real estate taxes and special assessments against the
<br />Property before the same become delinquent.
<br />
<br />4. Borrower shall keep the improvements on said Property insured against loss by fire
<br />and hazards included with the term "extended coverage" for their insurable value and policies for
<br />the same shall include a standard mortgage clause showing Lender herein. In event of loss,
<br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be
<br />applied to restoration or repair of the Property damaged, unless both parties otherwise agree,
<br />except if restoration or repair is not economically feasible or Lender's security is not lessened,
<br />otherwise said proceeds shall be paid on the debt herein, whether or not then due.
<br />
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