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201108227
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made as of the �_ day of November, 2011. The Trustor
<br />(whether one or more) is KENNETH SHULTZ AND NANCY SHULTZ, husband and wife,
<br />whose address for purposes of notices in respect to this Deed of Trust is 55 Sonja Drive
<br />Doniphan, Nebraska 68832, and is sometimes identified herein as "Borrower". The Trustee is
<br />BRUCE I. SMITH, Attorney at Law and member of the Nebraska State Bax Association, whose
<br />address is 104 N. Wheeler, PO Box 790, Grand Island, Nebraska 68802-0790. The Beneficiary
<br />is ELAINE SHLTLTZ COOK, whose address for purposes of notification under this Deed of
<br />Trust is 223 E. 213�' Street, Carson, California, 90745, and is sometimes identified herein as
<br />"Lender".
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH
<br />POWER OF SALE, THE FOLLOWING:
<br />The Northeast Quarter of the Southeast Quarter (NE 1 �4SE 1 �4 ), Section Eleven
<br />(11), Township Nine (9) North, Range Nine (9), West of the 6`�' P.M., Hall
<br />County, Nebraska;
<br />The Southeast Quarter of the Southeast Quarter (SEI/4SE'/4), Section Eleven (11),
<br />Township Nine (9) North, Range Nine (9), West of the 6�' P.M., Hall County,
<br />Nebraska; and
<br />The Southwest Quarter (SWl/4), Section Twelve (12), Township Nine (9) North,
<br />Range Nine (9), West of the 6�' P.M., Hall County, Nebraska, EXCEPTING
<br />THEREFROM a tract of land known as Lot One (1), Edgar Acres Subdivision,
<br />Hall County, Nebraska,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges, and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including but not limited to heating
<br />and cooling equipment, and together with the homestead or marital interests, if any, which
<br />interests are hereby released and waived; all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property".
<br />This Deed of Trust secures the total sum of Four Hundred Four Thousand One Hundred
<br />Sixty-Six and 40/100 Dollars ($404,166.40) (hereinafter referred to as "Debt") as evidenced by
<br />Borrower's Deed of Trust Note of even date herewith (herein called "Note"), which has a stated
<br />maturity date of August 6, 2027. This Debt shall include any and all modifications, extensions,
<br />and renewals thereof or thereto, and any and all future advances and re-advances to Borrower
<br />hereunder pursuant to one or more promissory notes or credit agreements.
<br />This Deed of Trust secures to Lender: (i) the Debt evidenced by said Note; (ii) the
<br />payment of all other sums, with interest, advanced under the provisions hereafter to protect the
<br />security; and (iii) the performance of Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal
<br />power and lawful authority to convey the same, and warrants and will defend title to the real
<br />estate against the lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. Borrower shall pay when due the principal and interest as provided in said Note.
<br />2. All payments received by Lender shall be first applied to advances that may have
<br />been made by Lender, and then to interest due, and last to principal due.
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