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<br />TRUST DEED
<br />THIS DEED OF TRUST is made on L~/n6c~ ~~' 2009. The Trustor is Lee Hostetler,
<br />("Borrower"). The Trustee is Denise D. Myers, Attorney at Law, ("Trustee"). The beneficiaries are
<br />James A. Schultz and Donna J. Schultz and Benny L. Winget and Linda S. Winget, whose address a
<br />is 11975 W. One R Road, Cairo, NE 68824 ("Lenders"). Borrower owes Lenders the principal sum ~;
<br />of Ninety One Thousand and 00/100 Dollars ($91,000.00). This debt is evidenced by Borrower's
<br />note dated the same date as this Security Instrument ("Note"), which provides for monthly
<br />payments, with a balloon payment after 15 months. The Security Instrument secures to Lenders:
<br />(a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions
<br />and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7
<br />to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
<br />and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust,
<br />with power of sale, the following described property located in Hall County, Nebraska:
<br />Lots Five (5), Six (6), Seven (7) and Eight (8), Block Three (3), in Robinson's
<br />Addition to the Village of Cairo, Hall .County, Nebraska, and that part of vacated
<br />alley and street as shown in Ordinance No. 274, filed December 20, 1991, in the
<br />Register of Deeds Office as Document No. 91-108540.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stack and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property".
<br />Borrower COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and
<br />has the right to grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances of record. Borrower warrants and will defend generally the title to the Property
<br />against all claims and demands, subject to any encumbrances of record.
<br />COVENANTS. Borrower and Lenders covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall
<br />promptly pay when due the principal of and interest on the debt evidenced by the Note and any
<br />prepayment and late charges due under the Note.
<br />2. Application of Payments. All payments received by Lenders under paragraphs 1 shall
<br />be applied: first, to late charges due under the Note; second, to prepayment charges due under
<br />the Note; third, to interest due; and, last, to principal due.
<br />3. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and
<br />impositions attributable to the Property which may attain priority over this Security Instrument, and
<br />leasehold payments or ground rents, if any. Borrower shall pay them on time directly to the person
<br />owed payment. Borrower shall promptly furnish to Lenders all notices of amounts to be paid under
<br />this paragraph. If Borrower makes. these payments directly, Borrower shall promptly furnish to
<br />Lenders receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority aver this Security Instrument
<br />unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a
<br />manner acceptable to Lenders; (b) contests in good faith the lien by, or defend against
<br />enforcement of the lien in, legal proceedings which in the Lenders' opinion operate to prevent the
<br />enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of
<br />the lien an agreement satisfactory to Lenders subordinating the lien to this Security Instrument.
<br />If Lenders determine that any part of the Property is subject to a lien which may attain priority over
<br />this Security Instrument, Lenders may give Borrower a notice identifying the lien. Borrower shall
<br />satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of
<br />notice.
<br />4. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter
<br />erected on the Property insured against loss by fire, hazards included within the term "extended
<br />coverage" and any other hazards for which Lenders require insurance. This insurance shall be
<br />maintained in the amounts and for the periods that Lenders require. The insurance carrier
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