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<br />DEED OF TRUST
<br />This DEED OF TRUST, is made to be effective as of June 1, 2010, by and among Thomas
<br />Echeverria and Brandy Echeverria, husband and wife ("'Trustor"), whose mailing address is 1007
<br />South Locust Street, Grand Island, Nebraska 68801; Dainon T. Bahensky, a member of the
<br />Nebraska State Bar Association ("Trustee"), whose mailing address is P.O. Sax 1600, Kearney,
<br />Nebraska 68848-1600; and Kent M. Holsten and Barbara G. Hotsten, husband and wife, as joint
<br />tenants ("Beneficiary"), whose mailing address is 703 North Laird Avenue, Hastings, Nebraska
<br />68901.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns
<br />to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security ofBeneficiary, under
<br />and subject to the terms and conditions of this Deed of Trust, the real property, described as follows
<br />(the "Trust Estate"):
<br />The South Half of the West Half (S'/zW%Z) of Lot One (1), Vantine's
<br />Subdivision, an Addition to the City of Grand Island, Hall County,
<br />Nebraska, EXCEPT a tract deeded to the City of Grand Island more
<br />particularly described in Deed recorded in Book 1G4, page 133.
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interest in adjoining
<br />roads, streets and alleys, improvements and buildings of any kind situated thereon, and all personal
<br />property that maybe, or hereafter become, an integral part of such buildings and improvements, all
<br />crops raised thereon and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee aze referred to
<br />collectively as the "Trust Estate".
<br />I. FOR THE PURPOSE OF SECURING:
<br />A. Payment of indebtedness in the total principal amount of $71;500.00, with interest
<br />thereon, as evidenced by that certain promissory note of even date (the "Note") with a maturity date
<br />of June 1, 2040, executed by Trustor, which has been delivered and is payable to the order of
<br />Beneficiary, and which by this reference is hereby made a part hereof, and any and all modifications,
<br />extensions and renewals thereof, and
<br />B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest
<br />thereon at the rate of twelve percent (12.0%) per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure
<br />the payment and performance of any obligation secured hereby are referred to collectively as the
<br />"Loan Instruments".
<br />II. TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />A. Yt!~YMEI~T;OF IIV~D.'~E~1~IE~. Trut~tor ell pay wket~ duca the principal uf, and the
<br />interest on, the indebtedness evidenced by the Not:,, cl-~arges, fees ~-id all o±her sums as provided in
<br />the Loan Instruments.
<br />B. ADDITIONAL PAYMENT. Tn addition to the sums payable pursuant to paragraph II.A.
<br />of this Deed of Trust, Trustor shall pay at the same time to Beneficiary a sum equal to one-twelfth
<br />(1/12) ofthe current real estate taxes based upon the prior years assessment and levy and one-twelfth
<br />(1/ 12) of the current homeowners insurance premium (said payment for the first year hereof is agreed
<br />to be $165.00 per month). As soon as the actual taxes and homeowners insurance premium for each
<br />year can be ascertained, an adjustment shall be made that will provide Beneficiary with sufficient
<br />funds to pay these costs. In the event Trustor shall have paid in an amount in excess of the actual
<br />amount due, Beneficiary shall then reimburse to Trustor the excess amount.
<br />C. TAXES. Beneficiary shall pay each installment of all taxes and special assessments of
<br />every kind, now or hereafter levied against the Trust Estate or any part thereof from the funds
<br />supplied by Trustor, before delinquency, without notice or demand.
<br />a°~~~
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