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� — n om Co rn 7C ZC t c THIS DEED OF TRUST is made on November 27, 2013 The Trustor is Lois L. Stade, also known as Borrower. The Trustee is Stacy Nonhof, Grand Island City Attorney The Beneficiary is City of Grand Island, also known as Lender. Beneficiary's address is P.O. Box 1968, Grand Island, NE 68802 -1968 Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following: N O 1—' W CA Q DEED OF TRUST �t rn Lot Four (4), Block Two (2), Koehler Place, an Addition to the City of Grand Island, Hall County, \U = Nebraska r- together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. ✓ • 1 X Borrower owes Lender up to Fourteen Thousand Dollars and no cents ($14,000.00) evidenced by n Borrower's Note of even date, payable according to the terms thereof. y 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 performancy of Borrower's covenants and agreements. Borrower's covenant that Borrower is lawfully seized of such real estate and have the legal power and lawful authority to convey the same and warrant 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 the principal due. This loan is zero interest and is forgiven at a rate of 10% each year on the anniversary date of signed promissory note as long as all conditions set forth are met. 3. Borrower shall pay all general real estate taxes and special assessments against the property before the same become delinquent. rn —i rTl 73 111 ort- Cih -t r4' -a i o1