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N ni 0 W m XI 0 N 2 in ill 0 � II Return to: Mesner & Mesner, 2604 26th Ave, Central City, NE 68826 Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following: c/n !..n N 'i DEED OF TRUST THIS DEED OF TRUST is made on June , 2014. The Trustor is Shady Bend Villas, LLC, a /k/a Borrower. The Trustee is Arend R. Baack, Member of the Nebraska Bar, P.O. Box 790, Grand Island, NE 68802 -0790 The Beneficiary is Hall County Housing Authority, a /k/a Lender. Beneficiary's address is 1834 W 7th St, Grand Island, NE 68803 Lot 1 of Von Ohlen Third Subdivision 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 $322,473 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 seised 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 10 days. N O cD - .7 c