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<br /> IDEED QF TRUST f' _ -
<br /> THIS DEED Or'fRUST is made as of the 31 st day of January, 1997,by an�Fmong TODD
<br /> D.GALLION,A Sinsle Person,("TRUSTOR"),whose mailing address is: 2535 Qel Monte Avenue,
<br /> Grand Island,Nebraska 60803 Futd JACK ZITTERKOPF,Attorney at Law,("TRUSTEE"),whose ..�—^ �
<br /> meiling address is:P.O.Box 296.Grand Island,Nebraska 68802 and GLEN W.LOWRY,
<br /> ("BENEFICIARY"),whose mailing Rdd��ess is:P.O.Box 12393,Jacksonville,NC 28546. \
<br /> FOR VALUABLE CONSEDEItATION,Trustor irrevocably transfers,canveys,and assigns
<br /> to Trustee,IN TRUST,WITH PO`NER OF SALE,for the benefit and security of Beneficiary,undee
<br /> and subject to ehe terms and condittons of thls Deed of Trust,the real property located in the County
<br /> of Hall,State of Nebreska,and legally described as fallows(the"Property"):
<br /> Lot One(1},Block Fourteen(14),Bo�s and yiil's AddtNon to the City of Grand
<br /> Island,Hall County.Nebraska,
<br /> Af�(�
<br /> Fractional Lot Two(�),in Fra�tional Block Eighteen(18),in H.G.Clark's Additton
<br /> to the City of Grand Island,Hal!County,Nebraska,and Its complement,to-wit:
<br /> Fractional I.ot Two(Z),in Fracdonal Block Twelve(12),in the Original Town,now
<br /> City of Grand[sland,Hall County,Nebraska.
<br /> TUGETHER WITH all rents,easements,appurtena�ices,hereditaments,interests{n adjoining
<br /> roads,streets end alleys,improvements and buildings of any kia►d f:t�i�ted thereon and all parsonal
<br /> property that may lse or hereafter become an integral part of such buildings and improvements.
<br /> The property and the entire cstate snd interest conveyed to the Trustee are referrad to
<br /> collectively as the"Trust Estate".
<br /> FOR THE PURPOSE OF SECURMG:
<br /> a) Payment of indebtedness in tlie total principal amount of�18,0OO.OD,with interest
<br /> thereon,as evidenced by the certain Promtssory Note of even date{the"Note")with a maturity date of
<br /> MArch 1,20(12,executed by Trustor,which has been delivered and is payable to the order of
<br /> aeneficiary,end 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 i�t�rest
<br /> - thereon at the rate af eight percent(8%)per annum.
<br /> This Daed of Trust,the Note,and any otiier instrument given to evidenGe or further secure the
<br /> payment and perfonnance of any obli�ation secured hereby are refened to collectively ns the"Loan
<br /> instruments".
<br /> - TO PItOTECT THE SECURITY OF THIS DEED OF TRUST:
<br /> ; 1. PAYMF.NT OF INDEF3TEDNESS. Trusmr shall pay when due the prirtcipal��and the
<br /> � interest on,the indebtedness evidanced by the Note,chazges,fees and all other sums as provided in
<br /> - the Loan Instruments.
<br />-.
<br /> � 2. TAXES, Tivstor shall p$y each installment of all taxes and special assessments of eve�y
<br /> � kind,now or hereafter levicd against the Trust Estate or any part[iereof,before delinquency,without
<br /> ' norice or demand,and shaU provide Deneficiury with evidence of the payment of same. Trustor shall
<br />-- pay all taxes and assessments which may be levied upon Bensficiary's interest herein or upon this
<br /> Ueed of Trust or thc debt secured hcreby,without re�ard to any law that►nay be enacted imposing
<br />�9 payment of tite whole ar any part thereof upon the Beneficiary.
<br /> �
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