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<br />DEED IN LIEU OF FORECLOSURE
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That WILLIAM D. NEATER and E. LEE NEATER, husband and wife,
<br />hereinafter referred to as "GRANTORS ", for good and valuable /o, So
<br />consideration, do hereby grant, bargain, sell and convey and
<br />confirm unto MARK FOREMAN and LOA FOREMAN, TRUSTEES OF THE FOREMAN
<br />TRUST, hereinafter referred to as "GRANTEES ", the following
<br />described real property in Hall County, Nebraska, to -wit:
<br />The Northwest Quarter of the Northwest Quarter (NW1 /4
<br />NW1 /4) and Lots One (1) and Two (2), lying South of
<br />Interstate Highway 80, All in Section Nine (9), Township
<br />Nine (9) North, Range Eleven (11) West of the 6th P.M.,
<br />Hall County, Nebraska, excepting a certain tract deeded
<br />to the State of Nebraska recorded in Book 136, Page 541;
<br />excepting a certain tract deeded to the State of Nebraska
<br />recorded in Book 137, Page 317; excepting a certain tract
<br />deeded to Larry D. Woitaszewski recorded as Document No.
<br />88- 106922.
<br />TO HAVE AND TO HOLD the above described premises, together
<br />with all tenements, hereditaments, and appurtenances thereunto
<br />belonging to the GRANTEES, and to their heirs, devisees, personal
<br />representatives, successors and assigns forever.
<br />GRANTORS do hereby covenant with the GRANTEES and GRANTEES'
<br />heirs, devisees, personal representatives, successors and assigns
<br />that GRANTORS are:
<br />(a) lawfully seized of said premises;
<br />(b) that said premises are free and clear of all encumbrances
<br />except a Deed of Trust dated October 30, 1998, and recorded
<br />November 9, 1998, as Document No. 98- 111002 in the office of the
<br />Register of Deeds, Hall County, Nebraska, in favor of MARK FOREMAN'
<br />and LOA FOREMAN, TRUSTEES OF THE FOREMAN TRUST, as Beneficiary, and
<br />easements, covenants and restrictions of record;
<br />(c) that said premises are further free from liens for unpaid
<br />real estate taxes except for the year 2004 in the sum of $1,356.40;
<br />(d) that no unpaid debts for fixtures, building products,
<br />labor, or materials used in the construction or any improvements to
<br />the above described property currently exists, and that GRANTORS
<br />will save and indemnify the GRANTEES harmless from any claim
<br />arising by virtue of any labor or materials used in the
<br />construction or remodeling or improvements done to the premises.
<br />The GRANTORS further warrant that they have good right and
<br />lawful authority to convey the above - described premises and that
<br />GRANTORS will warrant and defend the title to said premises against
<br />the lawful claims of all persons whomsoever.
<br />This Deed is intended as an absolute conveyance of title in
<br />effect as well as in form, and is not intended as a mortgage, trust
<br />conveyance, or security of any kind. The consideration for this
<br />Deed is the full release and discharge of the debt arising on
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