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<br />THIS DEED OF TRUST, is made as of the 28`" day of July, 2011, by and among Trinity aC �/ �f
<br />Lutheran Church-Missouri Synod, in Grand Island, Hall County, Nebraska ("Trustor"), whose mailing /�'�
<br />address is 212 W 12th St, Grand Island, NE 68801-3832;*�fl�b�t��� JAi�I�/�Y�r�(i�/c,�8� JI�1�� (Grand Island)
<br />("Trustee"), whose mailing address is 503 West Koenig St, Grand Island, NE 68801 and Lutheran Church
<br />Extension Fund — Missouri Synod ("Beneficiary") whose mailing address is P.O. Box 229009, St. Louis,
<br />MO 63122-9009 *Gary�D. Byrae, a me�ber of the Nebraska State Bar Associat3on
<br />FOR VALUABLE CONSIDERATION, Trustor inevocably transfers, conveys and assigns to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the real property located in the City of Grand
<br />Island, County of Ha11, Sta.te of Nebraska, and legally described as follows (the "Property"):
<br />SEE ATTACHED EXHIBIT "A"
<br />TOGETI-�R WiTH, all rents, easements, appurtenances, hereditaments, interests in adjoining
<br />roads, streets and alleys, improvements and buildings of any kind situated thereon and all personal
<br />properiy that may be or hereafter become an integral part of such buildings and improvements, all crops
<br />raised thereon and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are refened to collectively
<br />as the "Trust Estate".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $202,000.00, with interest thereon, as
<br />evidenced by that certa.in promissory note of even date (the "Note") with a maturity date of
<br />See attached Earhibits "B" &"C" . executed by Trustor, which has been delivered and is
<br />payable to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and
<br />all modifications, extensions and renewals thereof, and
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon
<br />at the rate of *See attached Exhibit "B" percent (8%) per annum, and
<br />c. 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
<br />payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br />Inshuments".
<br />TO PROTECT TI-� SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the
<br />interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the
<br />Loan Instruments.
<br />2. TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special assessments of every
<br />kind, now or hereafter levied against the trust estate of any part thereof. Trustor shall directly pay such
<br />taxes, without notice or demand as each installment comes due and shall provide the beneficiary with
<br />evidence of the payment of the same.
<br />3. INSURANCE AND REPAIRS. Trustor sha11 maintain fire and extended coverage insurance
<br />insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than
<br />the amount of the unpaid principal balance of the Note (co-insurance not exceeding 80% permitted).
<br />Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary and shall not be
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