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<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That GARY L. BALES, PERSONAL REPRESENTATIVE OF THE ESTATE OF
<br />ALLEN E. BALES, DECEASED, hereinafter referred to as "GRANTOR ", for
<br />good and valuable consideration, does hereby grant, bargain, sell
<br />and convey and confirm unto PRINCIPAL RESIDENTIAL MORTGAGE, INC.,
<br />a corporation, hereinafter referred to as "GRANTEE ", the following
<br />described real property in Hall County, Nebraska, to -wit:
<br />Fractional Lots One (1) and Two (2), in Fractional Block
<br />Three (3), in Gilbert's Second Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />TO HAVE AND TO HOLD the above described premises, together
<br />with all tenements, hereditaments, and appurtenances thereunto
<br />belonging to the GRANTEE, and to its successors and assigns
<br />forever.
<br />GRANTOR does hereby covenant with the GRANTEE and GRANTEE'S
<br />successors and assigns that GRANTOR is:
<br />(a) lawfully seized of said premises;
<br />(b) that said premises are free and clear of all encumbrances
<br />except a Deed of Trust executed by Allen E. Bales, a single person,
<br />as Trustor, dated December 8, 2000, and recorded on December 12,
<br />2000 as Document No. 2000 -10776 in the office of the Register of
<br />Deeds of Hall County, Nebraska, and subsequently assigned to
<br />Mortgage Electronic Registration Systems, Inc., a Delaware
<br />corporation, dated December 22, 2000 and recorded May 8, 2001 as
<br />Document No. 2001 -4233 in the office of the Register of Deeds of
<br />Hall County, Nebraska; and easements, covenants and restrictions of
<br />record;
<br />(c) that said premises are further free from liens for unpaid
<br />real estate taxes except the second half of the year 2001 in the
<br />sum of $717.82, together with interest thereon and real estate
<br />taxes from January 1, 2002, through June 17, 2002, which have not
<br />yet been determined;
<br />(d) that no unpaid debts for fixtures, building products,
<br />labor, or materials used in the construction or any improvements to
<br />the above described property currently exists, and that GRANTOR
<br />will save and indemnify the GRANTEE harmless from any claim arising
<br />by virtue of any labor or materials used in the construction or
<br />remodeling or improvements done to the premises.
<br />The GRANTOR further warrants that he has good right and lawful
<br />authority to convey the above - described premises and that GRANTOR
<br />will warrant and defend the title to said premises against the
<br />lawful claims of all persons whomsoever.
<br />This Deed is intended as an absolute conveyance of title in
<br />effect as well as in form, and is not intended as a mortgage, trust
<br />conveyance, or security of any kind. The consideration for this
<br />Deed is the full release and discharge of the debt arising on
<br />account of and by the terms of the Deed of Trust executed by Allen
<br />E. Bales, a single person, as Trustor, dated December 8, 2000, and
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<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That GARY L. BALES, PERSONAL REPRESENTATIVE OF THE ESTATE OF
<br />ALLEN E. BALES, DECEASED, hereinafter referred to as "GRANTOR ", for
<br />good and valuable consideration, does hereby grant, bargain, sell
<br />and convey and confirm unto PRINCIPAL RESIDENTIAL MORTGAGE, INC.,
<br />a corporation, hereinafter referred to as "GRANTEE ", the following
<br />described real property in Hall County, Nebraska, to -wit:
<br />Fractional Lots One (1) and Two (2), in Fractional Block
<br />Three (3), in Gilbert's Second Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />TO HAVE AND TO HOLD the above described premises, together
<br />with all tenements, hereditaments, and appurtenances thereunto
<br />belonging to the GRANTEE, and to its successors and assigns
<br />forever.
<br />GRANTOR does hereby covenant with the GRANTEE and GRANTEE'S
<br />successors and assigns that GRANTOR is:
<br />(a) lawfully seized of said premises;
<br />(b) that said premises are free and clear of all encumbrances
<br />except a Deed of Trust executed by Allen E. Bales, a single person,
<br />as Trustor, dated December 8, 2000, and recorded on December 12,
<br />2000 as Document No. 2000 -10776 in the office of the Register of
<br />Deeds of Hall County, Nebraska, and subsequently assigned to
<br />Mortgage Electronic Registration Systems, Inc., a Delaware
<br />corporation, dated December 22, 2000 and recorded May 8, 2001 as
<br />Document No. 2001 -4233 in the office of the Register of Deeds of
<br />Hall County, Nebraska; and easements, covenants and restrictions of
<br />record;
<br />(c) that said premises are further free from liens for unpaid
<br />real estate taxes except the second half of the year 2001 in the
<br />sum of $717.82, together with interest thereon and real estate
<br />taxes from January 1, 2002, through June 17, 2002, which have not
<br />yet been determined;
<br />(d) that no unpaid debts for fixtures, building products,
<br />labor, or materials used in the construction or any improvements to
<br />the above described property currently exists, and that GRANTOR
<br />will save and indemnify the GRANTEE harmless from any claim arising
<br />by virtue of any labor or materials used in the construction or
<br />remodeling or improvements done to the premises.
<br />The GRANTOR further warrants that he has good right and lawful
<br />authority to convey the above - described premises and that GRANTOR
<br />will warrant and defend the title to said premises against the
<br />lawful claims of all persons whomsoever.
<br />This Deed is intended as an absolute conveyance of title in
<br />effect as well as in form, and is not intended as a mortgage, trust
<br />conveyance, or security of any kind. The consideration for this
<br />Deed is the full release and discharge of the debt arising on
<br />account of and by the terms of the Deed of Trust executed by Allen
<br />E. Bales, a single person, as Trustor, dated December 8, 2000, and
<br />G'
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