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<br /> DEED OF TRUST
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<br /> Loan f+j. ` 57132-1-15 -
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<br /> THIS DEED OF TRUST is made this 17`h day of MAY 1984,
<br /> among the Trustor, BISON INVESTORS--V LIMITED PARTNERSHIP, a Nebraska
<br /> limited partnership (herein "Sorrewe;11), JOSEPH H. BADAMI, Attorney-at-Law
<br /> (herein "Trustee"), and the Benefic;ary, FIRST FEDEPAL SAVINGS AND LOAN
<br /> ASSOCTATION OF LINCOLN, a corporation organized and existing under the laws
<br /> of the United Stages of America, `.+Ax-.se address is 1235 "N" Street, Lincoln,
<br /> Nebraska 68508 (herein "Lender").
<br /> Borrc>ver, in consideration of the Indebtedness herein recited and the
<br /> trust herein treated, irrevocably grants and conveys to Trustee, in trust,
<br /> with power of sale, the following described property located in the County
<br /> of Hall, State of Nebraska:
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<br /> Lot Four (4), Block Nine (9), Continental Gardens, fut. Addition to the city
<br /> of C rand I s 1 anel Y Hall Ck-Ainty, Nebraska together with all right, title and
<br /> irterest in rnd to the non-exclusive easements recorded in the Register of
<br /> Deeds Office, Ball County, Nebraska as Declaration of Restrictive Covenants
<br /> filed July 3,, 1977 as Document No. 77-000046, Cross Easement Agreement
<br /> between Mid-Continent Enterprises, Inc. and R-Lynn. Realty, Inc. pertaining
<br /> to parking and driveway privileges for all owners of Lots In Block 9 filed
<br /> January 3, 1977 as. Document No. 77-000047, Declaration of Restrictive
<br /> Covenants filed December 11, 1978 as Docuttent. No. 78-008105, and Cross
<br /> Ease,Fmnt A.greEV*nt executed by Mld-Continent Enterprises, inc:. and
<br /> AT*.-ricana Investment 'Group, Inc. filed May 14, 1981 as Document No.
<br /> 81•-002490.
<br /> vrhic..h has the address of 7325 North Webb Road, Grand Island, Nebraska
<br /> (herein "Property Address");
<br /> TOGETHER WITH all tnV.,rovements now or hereafter erected on the
<br /> properly, and all easeirr.,nts, rights, appurtenr4vices, rents (subject,
<br /> hewev(>r, to the rights i*M authorities given herein to Lender to crillecR
<br /> and rapoly such rents), royalties, minoral, oil. rand gas rights and p-•ofits,
<br /> water., water rights, and water stock, and all fixtures now or hereafter
<br /> attached to the property, alt of which, including repiacerrents and
<br /> additions thereto, shell be deemed to be and rtrtain a part of the property
<br /> covered by this, Decd of Trust; and all of the foregoing, together with said
<br /> property (or the leasehold estate if this Deed of Trust is on a leasehold)
<br /> are herein referred to as the "Property";
<br /> TO SECURE to Lender the repayment of the Indebtedness evidenced by.
<br /> Borrower'n Note dated of even date herewith (herein "Note"), in the
<br /> pr i rte 1 Da i .gun of ONE HUNDRED SEVENTY THO'U'SAND AND NO/ 100 DOLLARS
<br /> (5170,000.00) with interest thereon, providing for monthly Installments of
<br /> prim1pPal and intere%t, with the balance of the indebtedness, If not sooner
<br /> paid, due and priyab l e can June 1 - 1292; thr payment of a l l suns, with
<br /> interest therein, advanced In accordance he,rewvi th to protect the security
<br /> of this Deed of Trust; and the performance of the covenants and agreements
<br /> of Borrrmer herein contained,
<br /> Borrower covenants that Borrower is, lawfully seized of the estate
<br /> hereby conveyed arxl has the right to grant and convey tho. Property, that
<br /> the Property 1% unencurberucl, and that Borrower will warrant rind defend
<br /> generally the title to the Property against all claims and demands, subject.
<br /> to any decloratiorts,, easements of restrictions 11steed In a schedule of
<br /> exceptlons to coverage In any title insurance policy Insuring Lender's
<br /> Interest In the Property.
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