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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this ��day of July 2011, by and among DARREN ROWE and
<br />RHONDA ROWE, Husband and Wife, hereinafter referred to as "Trustor", whether one or more, whose
<br />mailing address is 3504 E. Stolley Park Rd., Grand Island, NE 68801; KEVIN A. BROSTROM, Attorney
<br />at Law, hereinafter referred to as "Trustee," whose address is 724 W. Koenig, P.O. Box 400, Grand Island,
<br />NE 68802; and VICKI KISSLER and KIRK DOUGLAS KIS5LER, Sister a.nd Brother, whose mailing
<br />address is 4604 Deva Dr., Grand Island, NE 68801, Beneficiary.
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<br />For valuable consideration, Tntstors irrevocably grant, transfer, convey and assign to Trustee, in
<br />trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and ��r _,__
<br />conditions of this Deed of Trust, the following-described property, located in Hall County, Nebraska: ` a p:-
<br />Lots One (1) and Two (2), Alderson Subdivision, Ha11 County, Nebraska,
<br />commonly known as 3504 E. Stolley Park Rd., Grand Island, NE 68801,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon or in any way pertaining thereto, and the rents, issues, profits, reversions
<br />and the remainders thereof, including all such personal property that is attached to the improvements so as
<br />to constitute a fixture, all of which, including replacements and additions thereto, are hereby declared to be
<br />a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />referred to as the "Property."
<br />FOR TI� PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date herewith
<br />in the principal sum of Two Hundred Forty-three Thousand Dollars ($243,000.00), together
<br />with interest at the rate or rates provided therein, or the principal and interest on any fuhue
<br />advance as evidenced by promissory notes stating they are secured hereby, and any and all
<br />renewals, modifications and extensions of such notes, both principal and interest on the
<br />notes being payable in accordance with the terms set forth therein and the amortization
<br />schedule attached thereto, which by this reference are hereby made a part hereof;
<br />(b) the performance of each agreement and covenant of Trustor herein contained;
<br />and
<br />(c) the payment of any sum or sums of money which may be hereafter paid or advanced by
<br />Beneficiary under the terms of this Deed of Trust, together with interest thereon at the rate provided
<br />in the note.
<br />To protect the security of this Deed of Trust, Trustors hereby covenant and agree as follows:
<br />1. Payment of Indebtedness. To pay when due, the principal of, and the interest on, the indebtedness
<br />evidenced by the note, charges, fees and all other sums as provided in the loan instniments.
<br />2. Title. Trustors are the owners of the property and have the right and authority to execute this
<br />Deed of Trust in respect to the property.
<br />3. Taxes and Assessment. To pay, when due, all taxes, special assessments and all other charges
<br />against the property, before the same become delinquent, and, in the event Beneficiary shall so require, to
<br />add to the payments required under the note secured hereby, such amount as may be sufficient to enable
<br />Beneficiary to pay such taxes, assessments or other charges as they become due.
<br />4. lnsurance. To keep the improvements now or hereafter located on the real estate described herein
<br />insured against damage by fire and such other hazards as Beneficiary may require, in amounts and companies
<br />acceptable to Beneficiary, and with loss payable to Beneficiary. In case of loss under such policies,
<br />Beneficiary is authorized to adjust, collect and compromise, in its discretion, all claims thereunder and, at
<br />its sole option, is authorized to either apply the proceeds to the restoration of the property or upon the
<br />indebtedness secured hereby, but payments required by the note shall continue until the sums secured hereby
<br />are paid in full.
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