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201302395
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Last modified
3/27/2013 4:41:58 PM
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3/27/2013 3:39:28 PM
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DEEDS
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201302395
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MULTIFAMILY DEED OF TRUST, <br />ASSIGNMENT OF LEASES AND RENTS AND <br />SECURITY AGREEMENT <br />201302395 <br />THIS MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS <br />AND SECURITY AGREEMENT, WHICH, FOR AS LONG AS THE LOAN IS INSURED OR <br />HELD BY HUD, SHALL BE DEEMED TO BE THE MORTGAGE AS DEFINED BY <br />PROGRAM OBLIGATIONS ( "Security Instrument "), is made as of March 1 0 '; 2013, <br />among CARMALOR NEBRASKA L.P., a limited partnership organized and existing <br />under the laws of Nebraska, whose address is P.O. Box 711521, Santee, California <br />92072, as Borrower (Borrower), to First American Title Insurance Company, as trustee <br />(Trustee), a corporation organized and existing under the laws of Nebraska, whose <br />address is 13924 Gold Circle, Omaha, Nebraska, 68144, and as Lender, SECRETARY OF <br />HOUSING AND URBAN DEVELOPMENT, WASHINGTON, DC (Lender), whose address <br />is 451 7 Street SW, Washington, DC 20410. <br />Borrower, in consideration of the Indebtedness and the trust created by this Security <br />Instrument, irrevocably grants, conveys and assigns to Trustee and Trustee's successors <br />and assigns, in trust, with power of sale, the Mortgaged Property, including the Land <br />located in Hall County, State of Nebraska and described in Exhibit A attached to this <br />Security Instrument, to have and to hold the Mortgaged Property unto Trustee and <br />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 Eight -two Thousand Four Hundred <br />Twenty and 98/100 Dollars ($82,420.98) ( "Loan "), and all renewals, extensions and <br />modifications of the Indebtedness, and the performance of the covenants and agreements <br />of Borrower contained in this Security Instrument and the Note. <br />Borrower represents and warrants that Borrower is lawfully seized of the Mortgaged <br />Property and has the right, power and authority to mortgage, grant, convey and assign the <br />Mortgaged Property, and that the Mortgaged Property is unencumbered except for <br />easements and restrictions listed in a schedule of exceptions to coverage in any title <br />insurance policy issued to Lender contemporaneously with the execution and recordation <br />of this Security Instrument and insuring Lender's interest in the Mortgaged Property. <br />Borrower covenants that Borrower shall warrant and defend generally such title to the <br />Mortgaged Property against all claims and demands, subject to said easements and <br />restrictions. <br />Previous editions are obsolete <br />Contingent Repayment Mortgage <br />HUD MF Security Instrument HUD- 94000M (Rev. 04/11) <br />Page 5 FRENCH VILLAGE <br />
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