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r~ r..y k CD z e~ C rn4 O-a B A ' rte., rn 0 C: p ~j• CAB ' C F-~ M y rn 0 M ::D r CT) '1 M ~ cn ~r~ iV v - cy) 0 Q III After Recording Return To: Send Subsequent Tax Bills To: Prepared B9; Federal National Mortgage Association Metro Lender Services, Inc. Metro Lender Services, Inc. z hD ~tl 250 Clever Rd. Suite 200 r, 250 Clever Rd. Suite 200 McKees Rocks, PA 15136 McKees Rocks, PA 15136 DEED IN LIEU OF FORECLOSURE TITLE OF KNOWN ALL MEN BY THESE PRESENTS, that Julie A. Proehl-Fosket, Personal Representative of the estate of John F. Fosket, deceased, hereinafter called grantor, for $1.00 and the consideration hereinafter stated, do hereby grant, bargain, sell and convey unto Federal National Mortgage Association, hereinafter called grantee, and unto grantee's successors and assigns all of that certain real property with the tenements, hereditaments and appurtenances thereto belonging or in any way appertaining, situated in the Hall County, Nebraska, described as follows: FRACTIONAL LOT EIGHT (8), IN FRACTIONAL BLOCK THIRTY-EIGHT (38), IN CHARLES WASMER'S ADDITION AND ITS COMPLEMENT: PART OF FRACTIONAL LOT TWO (2), IN FRACTIONAL BLOCK THREE (3), IN WINDOLPH'S ADDITION, WHICH TAKEN TOGETHER WITH FRACTIONAL LOT EIGHT (8), IN FRACTIONAL BLOCK THIRTY-EIGHT (38), IN CHARLES WASMER'S ADDITION WILL FORM A RECTANGULAR PIECE OF GROUND HAVING A FRONTAGE OF FIFTY-TWO (52) FEET ON JOHN STREET AND A DEPTH OF ONE HUNDRED THIRTY- TWO (132) FEET, BOTH ADDITIONS BEING TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. This being the identical property conveyed to the GRANTOR herein by Deed from C & F Investments, L.L.C., a Nebraska limited liability company now known as Property II, L.L.C., a Nebraska limited liability company dated CMG recorded May 2, 2005 and filed in Record Book: Page: COMMONLY known as: 1312 West John Street, Grand Island, Nebraska 68801 Assessor's Parcel Number: 400109883 To have and to hold the same unto the said grantee and grantee's successors and assigns forever. This deed is absolute in effect and conveys fee simple title of the premises above described to the grantee and does not operate as a mortgage, deed of trust or security of any kind. This deed does not effect a merger of the fee ownership and the lien of the mortgage described below. The fee and lien shall hereafter remain separate and distinct. By acceptance and recording of this deed, grantee covenants and agrees that it shall forever forebear taking any action whatsoever to collect against grantor on the obligations which are secured by the mortgage/deed of trust (referred to herein as "mortgage") described below, other than by foreclosure of that mortgage; and, that in any proceedings to foreclosure that mortgage, grantee shall not seek, obtain or permit a deficiency judgment against grantors, their heirs, successors or assigns, such right being