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Return to: Mesner & Mesner, 2604 26 Ave, Central City, NE 68826 r • c r' P 00 I` --4 rn CD r rn cn S Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following: DEED OF TRUST THIS DEED OF TRUST is made on /2 44 day of December, 2012 The Trustor is Stonewood Townhomes II, LLC, a/k/a Borrower. The Trustee is Doug Pauley, Member of the Nebraska Bar Association 906 West 2" Street, Room 206, Hastings, NE 68902 The Beneficiary is Housing Development Corporation, a/k/a Lender. Beneficiary's address is 301 S. Burlington Ave., P 0 Box 1005, Hastings, NE 68902 -1005 Lots Fifteen (15), Sixteen (16), Seventeen (17), Eighteen (18), Nineteen (19), Twenty (20) Twenty-one (21) Twenty -two (22) Twenty -three (23) Twenty -four (24), Twenty -five (25), Twenty -six (26) Twenty-seven (27) Twenty - eight (28) and Twenty -nine (29), LaRue Third Subdivision, all in the City of Grand Island, Hall County, Nebraska. Together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. Borrower owes Lender $249,500, evidenced by Borrower's note of even date, payable according to the terms thereof. This Security Instrument secures to Lender the Debt evidenced by said note, the payment of all other sums, with interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's covenants and agreements. Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power and lawful authority to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons. BORROWER AND LENDER AGREE AS FOLLOWS: 1. Borrower shall pay when due, the principal and interest as provided in said note. 2. All payments received by Lender shall be first applied to advances which may have been made by Lender and then to interest due and last to principal due. 3. Borrower shall pay all general real estate taxes and special assessments against the property before the same become delinquent. 4. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over this security instrument, Lender may give Borrower a notice identifying the lien and Borrower shall satisfy the lien within 30 days.