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<br />		� 					CpRRFCTNE DEFn oF TRUST     								��-�_��.
<br />   																				.       _   .;,
<br />   																	-�_   		�  	-  .
<br />       			TI IIS CORRECTNE DEED OF TRUST is made on this 25� daY of Mazch, 1997. The      �  	.    .�  •',��.:�-
<br />  }  � 		T'rustor is JOHN W.SCHROEDER and CAROL A.SCHROEDER,Husb3nd and Wife,whose     	�   _   .     �.���;-�;
<br />      		address for purposes of notices in respect w this Deed of Tn�st is 4056 Zola Lane,Grand Island,       		:     �-����,-._
<br />       																				�,g.�;,
<br />   • 3 		NE 68803 and is sometimes herein identified as Borrower. The Trustee is AREND R.BA�►CK,   			. t:=---
<br />																					:�.:=-."
<br />      		Attorney at Law and member of the Nebraska State Bar Association,whose address is P.O.Hox      			��-     � �:•'9
<br />      		790,Grand Island,NE 68802-0790. The Beneficiary is GRAND ISLAND FINANCE      			�   '     ��--,r�
<br />      		COMPANY,whose address is 204 North Walnut Street,P.O.Box 1164,Grand Island,NE				';�.  ��^-^
<br />       		68802-1164 and is somerimes herein identified as Lender.										� �
<br />  .      									YS TO TRUST'EE,IN TRUST,WITH    			� ,    . .. .     - -"�"...�.�
<br />				BORROWER IRREVOCABLY CONVE  												•_
<br />       		POWER OF SALE,TI�FOLLOWING:  											�`   	_ �
<br />     																			.  .     	J�'   "
<br />				Lot Seventeen(1�,R&B Second Subdivision,City of Grand Island,Hall     				_    		--
<br />				County,Nebraska;  													..� 	�      -
<br />       																			';,�.  	;:
<br />     																			G;x„�
<br />       		TOGETHER WITH ALL TEiE RENTS AND PROFITS TI�REFROM AND SUBJECT TO     				r- �;�  `�`�_
<br />       		EASEMENTS AND RESTRICTIONS OF RECORD,IF ANY.								�  	;;; '`�
<br />     e      																				,  i.�:� :
<br />     `  			John V✓.Schroeder,as of November 5, 1996,owes Lender the total sum of ONE  					"� �!��`  _
<br />     r   																			�
<br />   ;  ; 		HUNDRED THIRTEEN THOUSAND FOUR HUNDRED TI-IIRTY-ONE AND 84/100     					sr :
<br />       		DOLLARS($113,431.84)evidenced by those Simple InterestNotes,Disclosure and Security  			��,.-��	�  i:�
<br />			Ageements identified as follows:      											�''	'
<br />     																			�     �"	> ..:.y.
<br />     																			i, ,. :       �    _:
<br /> 					(a) A Simple Interest Note,Disclosure and Security Agreement dated  				'�'°-�.,�.-
<br />				March 28, 1996 in the original principal amount of Thirty-Nine Thonsand Seven      			� ..,  	%�'� -
<br />      																			.-�-�:
<br />  '      			Hundred Ninety-One and 25/100 Dollars($39,791.25)having a stated maturity 				• '  ' ����.
<br />       																			.-n. .      _
<br />      																			�_- "
<br /> -  �    			date of October 10, 1999;												`--`       -
<br />      																			�:�e�.,�
<br />   .. ,.       																		-_      	==
<br />     																			1_� �_
<br />  					(b) A Simple Interest Note,Disclosure and Security Ageement dated  				V,_  	-•••_.,
<br /> 				Mazch 13, 1995 in the original principal amount of'I'hirty Thousand and No/100      			._,,,�=�'
<br /> 																				:�.��•_
<br />�  �     			Dollars($30,000.00)with a stated origmal maturity date of September 13,1995 as     			;�;:,:,,,, .- -
<br />    .    			tl�ereaRer extended;      												, '�_ __    __
<br />      �    																			����
<br />    																				: �-�,-�-` _
<br />    																				�F��., --
<br /> �					(c) A Simple Interest Note,Disclosure and Security Agreement dated    				�  �:: :'�
<br /> 				Apri13, 1995 in the original principal amount of Twenty-One Thousand Eight				',.  :	; ;� .
<br />  �       			Hundred Farty and 33/100 Dollazs($21,840.33)with a stated maturity date of 				�;,5  .   ;,. ;.� �
<br /> 				October 3,1995 as the same may be thereafter extended;and      						.   ,   :^�.,�..--
<br />  																					�--
<br />    �      				(d) A Simple Interest Note,Disclosure and Security�►greement dated    				_.    _;  .
<br />   ,: ,  			February 14, 1995 in the original principal amount of Ten Tiiousand Three       				.,  . .   ,
<br />  				Hundred Seventy-Six and 68/l00 Dollars($10,376.68)with a stated maturity date
<br />    �     			of August 14, 1995 as thereafter extended;     										.  . �
<br />       ,� 		(hereinafter referred to as"Debt").      												: . .   �
<br />  				This Deed of Trust secures to Lender the Debt evidenced by said Notes,the payment of			�   '      .
<br />      '' 		all other sums,with intecest,advanced under the provisions hereafter to protect the security and 					�
<br /> 			the performance of Borrower's covenants and ageements.  								.
<br />  				Borrower covenants that Borrower is lawi'ully seised of such real estate and has the legal				�
<br /> � �      		power and lawful authority to convey the same and warrants and will defend tide to the real    					.
<br />  •      		estate against the lawful claims of all gersons.
<br />  				Borrower had previously executed a Deed of Trust dated November 8, 199b recorded as    			�.'  	--
<br />  			Document No. 96-108861 which contained an incorrect legal descripiion and the purpose hereof       			:
<br />  			is to conect such error. 													��
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