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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made as of the � day of April, 2011, by KEITH A.
<br />KELLEY and CHRISTIE A. KELLEY, husband and wife, ("TRUSTORS"), whose mailing
<br />address is: 923 7"' Road, Chapman, NE 68827, and Ralph A. Bradley, Attorney at Law
<br />("TRUSTEE"), whose mailing address is: 202 W. 3rd St., P.O. Box 639, Grand Island, Nebraska
<br />68802-0639; FOX FAMILY, L.L.C., whose mailing address is 80 Ponderosa Drive, Grand
<br />Island, NE 68803, ("BENEFICIARY").
<br />FOR VALUABLE CONSIDERATION, Trustors irrevocably transfer, convey, and assign
<br />to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary,
<br />under and subject to the terms and conditions of this Deed of Trust, the real property located in
<br />Hall County, Nebraska, and legally described as follows:
<br />(the "Property"):
<br />Fractional Lot Four (4), in Fractional Block Seven (7), in Voitle's Addition to the
<br />City of Grand Island, Hall County, Nebraska, and its compliment Fractional Lot
<br />Four (4), in Fractional Block One Hundred Thirty One (131), in Union Pacific
<br />Railway Company's Second Addition to the City of Grand Island, Hall County,
<br />Nebraska
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in
<br />adjoining roads situated thereon.
<br />The property and the entire estate and interest conveyed to the Trustee aze referred to
<br />collecrively as the "Trust Estate".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness of the total outstanding principal amount of $67,500.00
<br />with interest thereon at the rate of 7.00 % per annum, as evidenced by a Promissory Note of even
<br />date (the "Note") with a maturity date of May 1, 2021, executed by Trustor, which has been
<br />delivered and is payable to the order of Beneficiary, and which by this reference is hereby made
<br />a part hereof, and any and all modifications, extensions and renewals thereof.
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with
<br />interest thereon at the rate of 7.00 % percent per annum, the default rate.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further
<br />secure the payment and performance of any obligarion secured hereby are referred to collectively
<br />as the "Loan Instruments":
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of,
<br />and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as
<br />provided in the Loan Instnzments.
<br />2. REAL ESTATE TAXES. Trustor shall pay the annual real estate taxes to the
<br />Hall County Treasurer before the taxes become delinquent and shall furnish tax receipts to
<br />Beneficiary on or before May lst and September lst each year.
<br />3. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest
<br />any acrion or proceeding purporting to affect the security hereof or the rights or powers of
<br />Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence of title
<br />and attomey's fees, in any such action or proceeding in which Beneficiary or Trustee may
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