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<br /> DEED OF TRUST `~'
<br />THIS DEED OF TRUST is made this 9t" day of October, 2009, by and among, 7EFFREY
<br />W. FERRY, a single person, and SCOTT S. ZUIDEMA, a single person, herein referred to as ~
<br />"Trustor", whase mailing address is 1302 1/2 W. 4~" Street, Grand Island, NE 68801; °
<br />BRANDON S. CONNICK, hereinafter referred to as "Trustee", whose mailing address is P.O.
<br />Box 790, Grand Island, Nebraska 68802, and DANIEL R. PURDY and ANNETTE L. PURDY,
<br />husband and wife, hereinafter referred to as "Beneficiary", whase mailing address is 3559
<br />Hillside Dr., Grand Island, NE 68803.
<br />Far valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the Trustor's interest in the following-
<br />described property located in the County of Hall, Nebraska, to-wit:
<br />The Southerly Seventy Five (75) feet of Lot Ten (10), Block Six (6), in Bonnie
<br />Brae Addition to the City of Grand Island, Hall County, Nebraska.
<br />together with all improvements, fixtures and appurtenances located thereon or in any way
<br />pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, including
<br />all such personal property that is attached to the irnpravernents sa as to constitute a fixture, all of
<br />which, including replacements and additions thereto, are hereby declared to be a part of the real
<br />estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />referred to as the "Property".
<br />FOR THE FURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date herewith in
<br />the principal sum of NINETY FIVE THOUSAND SEVEN HUNDRED FIFTY AND NO/100
<br />DOLLARS ($95,750.00), together with interest at the rate provided therein, or the principal and
<br />interest on any future advance not to exceed the total principal sum initially secured hereby as
<br />evidenced by promissory notes stating they are secured hereby, and any and all renewals,
<br />modifications and extensions of such notes, both principal and interest on the notes being
<br />payable in accordance with the terms set forth therein, which by this reference is hereby made a
<br />part hereof;
<br />(b) the performance of each agreement and covenant of Trustor herein contained; and
<br />(c) the payment of any sum or sums of money which may be hereafter paid or
<br />advanced by Beneficiary under the terms of this Deed of Trust, together with interest thereon at
<br />the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as
<br />follows:
<br />1. Payment of Indebtedness. To pay when due, the principal of, and the interest on,
<br />the indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan
<br />instruments.
<br />2. Title. Trustor is the owner of the Property and has the right and authority to
<br />convey the Property and warrants that the lien created hereby is a first and prior lien on the
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