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<br />TRUST DEED d O O
<br />THIS DEED OF TRUST is made on GC/'! l 9 , 2001. The Trustors C_
<br />are Delmar Roth and Evelyn Roth, husband and wife, ( "Borrower "). The
<br />Trustee is Denise D. Myers, of Lauritsen, Brownell, Brostrom, Stehlik,
<br />Thayer & Myers, 231 S. Locust Street, Grand Island, Nebraska 68801,
<br />( "Trustee "). The beneficiary is Cora Irene Gascho, 563 Farmhouse Lane,
<br />Hummelstown, PA 17036, ( "Lender ") Borrowers owe Lender the principal
<br />sum of Thirty Thousand and 00 /100 Dollars ($30,000.00). This debt is
<br />evidenced by Borrower's note dated the same date as this Security
<br />Instrument ( "Note "), which provides for yearly payments, with the full
<br />debt, due and payable on May 1, 2002. The Deed of Trust (sometimes
<br />referred to herein as "security instrument ") secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications; (b) the payment of all other
<br />sums, with interest, advanced to protect the security of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and
<br />agreements. For this purpose, Borrowers irrevocably grant and convey to
<br />Trustee, in trust, with power of sale, the following described property
<br />located in Hall County, Nebraska:
<br />The Northeast Quarter of the Southeast Quarter (NE1 /4 SE1 /4)
<br />of Section Five (5) , Township Eleven (11) North, Range Eleven
<br />(11), West of the 6th P.M., Hall County, Nebraska.
<br />TOGETHER WITH all the improvements now or hereafter erected on the
<br />property, and all easements, rights, appurtenances, rents, royalties,
<br />mineral, oil and gas rights and profits, water rights and stock and all
<br />fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property ".
<br />BORROWERS COVENANT that Borrowers are lawfully seised of the estate
<br />hereby conveyed and have the right to grant and convey the Property and
<br />that the Property is unencumbered. Borrowers warrant and will defend
<br />generally the title to the Property against all claims and demands,
<br />subject to any encumbrances of record.
<br />COVENANTS. Borrowers and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges.
<br />Borrowers shall promptly pay when due the principal of and interest on
<br />the debt evidenced by the Note and any prepayment and late charges due
<br />under the Note. Prepayment of principal and interest, or any part
<br />thereof, shall not be allowed without the prior written consent of
<br />Lender.
<br />2. Charges; Liens. Borrowers shall pay all real estate taxes and
<br />assessments attributable to the Property which may attain priority over
<br />this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrowers shall promptly discharge any lien which has priority
<br />over this Security Instrument unless Borrowers: (a) agree in writing to
<br />the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender; (b) contest in good faith the lien by, or defend against
<br />enforcement of the lien in, legal proceedings which in the Lender's
<br />opinion operate to prevent the enforcement of the lien or forfeiture of
<br />any part of the Property; or (c) secure from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security
<br />Instrument. If Lender determines that any part of the Property is
<br />subject to a lien which may attain priority over this Security
<br />1
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<br />T M
<br />M
<br />THIS DEED OF TRUST is made on GC/'! l 9 , 2001. The Trustors C_
<br />are Delmar Roth and Evelyn Roth, husband and wife, ( "Borrower "). The
<br />Trustee is Denise D. Myers, of Lauritsen, Brownell, Brostrom, Stehlik,
<br />Thayer & Myers, 231 S. Locust Street, Grand Island, Nebraska 68801,
<br />( "Trustee "). The beneficiary is Cora Irene Gascho, 563 Farmhouse Lane,
<br />Hummelstown, PA 17036, ( "Lender ") Borrowers owe Lender the principal
<br />sum of Thirty Thousand and 00 /100 Dollars ($30,000.00). This debt is
<br />evidenced by Borrower's note dated the same date as this Security
<br />Instrument ( "Note "), which provides for yearly payments, with the full
<br />debt, due and payable on May 1, 2002. The Deed of Trust (sometimes
<br />referred to herein as "security instrument ") secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications; (b) the payment of all other
<br />sums, with interest, advanced to protect the security of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and
<br />agreements. For this purpose, Borrowers irrevocably grant and convey to
<br />Trustee, in trust, with power of sale, the following described property
<br />located in Hall County, Nebraska:
<br />The Northeast Quarter of the Southeast Quarter (NE1 /4 SE1 /4)
<br />of Section Five (5) , Township Eleven (11) North, Range Eleven
<br />(11), West of the 6th P.M., Hall County, Nebraska.
<br />TOGETHER WITH all the improvements now or hereafter erected on the
<br />property, and all easements, rights, appurtenances, rents, royalties,
<br />mineral, oil and gas rights and profits, water rights and stock and all
<br />fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property ".
<br />BORROWERS COVENANT that Borrowers are lawfully seised of the estate
<br />hereby conveyed and have the right to grant and convey the Property and
<br />that the Property is unencumbered. Borrowers warrant and will defend
<br />generally the title to the Property against all claims and demands,
<br />subject to any encumbrances of record.
<br />COVENANTS. Borrowers and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges.
<br />Borrowers shall promptly pay when due the principal of and interest on
<br />the debt evidenced by the Note and any prepayment and late charges due
<br />under the Note. Prepayment of principal and interest, or any part
<br />thereof, shall not be allowed without the prior written consent of
<br />Lender.
<br />2. Charges; Liens. Borrowers shall pay all real estate taxes and
<br />assessments attributable to the Property which may attain priority over
<br />this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrowers shall promptly discharge any lien which has priority
<br />over this Security Instrument unless Borrowers: (a) agree in writing to
<br />the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender; (b) contest in good faith the lien by, or defend against
<br />enforcement of the lien in, legal proceedings which in the Lender's
<br />opinion operate to prevent the enforcement of the lien or forfeiture of
<br />any part of the Property; or (c) secure from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security
<br />Instrument. If Lender determines that any part of the Property is
<br />subject to a lien which may attain priority over this Security
<br />1
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