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<br />DEED OF TRUST o,
<br />THIS DEED OF TRUST, is made as of the day of February, 2010, by ROBERT PAUL BAKER JR.
<br />AND CHRISTINA BAKER, as joint tenants with right of survivorship and not as tenants in common ("Trustor") whose
<br />mailing address is 2923 North Webb Road, Grand Island, Nebraska and among SAM GRIMMINGER ("Trustee") whose
<br />mailing address is 325 West 4th Street, P.O. Box 574, Grand Island, NE 68802 and The Edna M. Crow Revocable Trust,
<br />("Beneficiary") whose mailing address is 911 East 30th Drive, Kearney Nebraska 6$$45.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property located in the City of Grand Island, County of Hall, State of Nebraska,
<br />and legally described as follows (the "Property"):
<br />Lot 4, Schumann Subdivision, City of Grand Island, Hall County, Nebraska
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining roads, streets and
<br />alleys, improvements and buildings of any kind situated thereon and all personal property that may be or hereafter become
<br />an integral part of such buildings and improvements, all crops raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust
<br />Estate".
<br />FOR THE PURPOSE OF SECURING:
<br />Payment of indebtedness in the total principal amount of $117,000.00, with interest thereon, as evidenced by that
<br />certain promissory note of even date (the "Note") executed by Trustor, which has been delivered and is payable to the
<br />order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all modifications, extensions
<br />and renewals thereof, and provides for payment of said secured amount of $] 17,000.00 as follows:
<br />1. $739.52 per month for a period of 30 months commencing February 1, 2010 together with interest
<br />thereon at the rate of six and one-half percent (6.5%) per annum with the first payment being due February 1, 2010, (said
<br />monthly payment being based upon an amortization as per the following factors: principle amount of $117,000.00; an
<br />interest rate of 6.5% per annum, and a term of thirty (30) years). There will be a late fee assessed of l 0% of the monthly
<br />payment if the same is not paid on or before the 10"' of each month.
<br />2. That the balance of said secured amount at the end of said 30 month period, to wit: $113,564.61 shall be
<br />due and payable on or before the 13t of August, 2012, and
<br />3. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secured hereby are referred to collectively as the "Loan Instruments".
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