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201302389
<br />MULTIFAMILY DEED OF TRUST, SECURITY AGREEMENT,
<br />ASSIGNMENT OF RENTS AND FIXTURE FILING
<br />THIS MULTIFAMILY DEED OF TRUST, SECURITY AGREMENT, ASSIGNMENT OF
<br />RENTS AND FIXTURE FILING, WHICH, FOR AS LONG AS THE LOAN IS INSURED
<br />OR HELD BY HUD, SHALL BE DEEMED TO BE THE MORTGAGE AS FINED BY
<br />PROGRAM OBLIGATIONS ( "Security Instrument "), is made as of th� h day of
<br />March, 2013, among CARMALOR NEBRASKA L.P., a limited partnership organized
<br />and existing under the laws of Nebraska, whose address is P.O. Box 711521, Santee,
<br />CA 92072 -1521, as grantor, trustor, Borrower (Borrower), to FIRST AMERICAN TITLE
<br />INSURANCE COMPANY, INC., as trustee (Trustee), a corporation organized and
<br />existing under the laws of Nebraska, whose address is 13924 Gold Circle, Omaha,
<br />Nebraska, 68144, for the benefit of LOVE FUNDING CORPORATION, as beneficiary
<br />and as Lender (Lender), a corporation organized and existing under the laws of
<br />Virginia, whose address is 1250 Connecticut Avenue, N.W., Suite 310, Washington, DC
<br />20036.
<br />Borrower, in consideration of the Indebtedness and the trust created by this
<br />Security Instrument, irrevocably grants, conveys and assigns to Trustee and Trustee's
<br />successors and assigns, in trust, with power of sale, the Mortgaged Property, including
<br />the Land located in Grand Island, Hall County, State of Nebraska and described in
<br />Exhibit A attached to this Security Instrument, to have and to hold the Mortgaged
<br />Property unto Trustee and Trustee's successors and assigns.
<br />TO SECURE TO LENDER the repayment of the Indebtedness evidenced by
<br />Borrower's Note payable to Lender dated as of the date of this Security Instrument, and
<br />maturing on April 1, 2043, in the principal amount of ONE MILLION ONE HUNDRED
<br />EIGHTY -SIX THOUSAND SIX HUNDRED DOLLARS ($1,186,600.00) ( "Loan "), and all
<br />renewals, extensions and modifications of the Indebtedness, and the performance of
<br />the covenants and agreements of Borrower contained in this Security Instrument and
<br />the Note.
<br />Borrower represents and warrants that Borrower is lawfully seized of the
<br />Mortgaged Property and has the right, power and authority to mortgage, grant, convey
<br />and assign the Mortgaged Property, and that the Mortgaged Property is unencumbered
<br />except for easements and restrictions listed in a schedule of exceptions to coverage in
<br />any title insurance policy issued to Lender contemporaneously with the execution and
<br />recordation of this Security Instrument and insuring Lender's interest in the Mortgaged
<br />Property. Borrower covenants that Borrower shall warrant and defend generally such
<br />Previous editions are obsolete
<br />5
<br />HUD MF Security Instrument HUD- 94000M (Rev.11 /12)
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