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BORROWER AND LENDER AGREE AS FOLLOWS: <br />THIS DEED OF TRUST is made on October 16, 2013 <br />The Trustor is Maegan C. O'Neill, also known as Borrower. <br />The Trustee is Stacy Nonhof, Grand Island City Attorney <br />The Beneficiary is City of Grand Island, also known as Lender. <br />Beneficiary's address is P.O. Box 1968, Grand Island, NE 68802 -1968 <br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following: <br />1. Borrower shall pay when due, the principal and interest as provided in said Note. <br />r- r <br />r <br />w c <br />f -"4 <br />DEED OF TRUST <br />Lot Twenty -two (22), Block Three (3), Morris Second Addition in the City of Grand Island, Hall <br />County, NE <br />together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. <br />Borrower owes Lender up to Ten Thousand, Eight Hundred Dollars and no cents ($10,800.00) <br />evidenced by Borrower's Note of even date, payable according to the terms thereof. <br />This Security Instrument secures to Lender the Debt evidenced by said Note, the payment of all other sums, <br />with interest, advanced under the provisions hereafter to protect the security and the performancy of Borrowers <br />covenants and agreements. <br />Borrower's covenant that Borrower is lawfully seized of such real estate and have the legal power and lawful <br />authority to convey the same and warrant and will defend title to the real estate against the lawful claims of all <br />persons. <br />2. All payments received by Lender shall be first applied to the principal due. This loan is zero interest and <br />is forgiven at a rate of 10% each year on the anniversary date of signed promissory note as long as all conditions <br />set forth are met. <br />3. Borrower shall pay all general real estate taxes and special assessments against the property before <br />the same become delinquent. <br />