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Prepared By:
<br />Record and Return to:
<br />State of NEBRASKA
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<br />Cherry Creek Mortgage Co:, Inc.
<br />7600 East Orchard Road, Suite 250 -N
<br />Greenwood Village, CO 80111
<br />1st Reverse Mortgage, USA
<br />3609 S. Wadsworth Blvd Suite 500
<br />Lakewood, CO 80235
<br />Attn: Final Docs
<br />which has the address of
<br />960 S Oak STREET, Grand Island, Nebraska 68801, ( "Property Address ")
<br />[Space Above This Line For Recording Data]
<br />FHA Case No. 321- 3319409 -962
<br />Loan No. 907907410
<br />MIN :1000302- 0907907410 -9
<br />ADJUSTABLE RATE
<br />HOME EQUITY CONVERSION DEED OF TRUST
<br />THIS INSTRUMENT IS A DEED OF TRUST WHICH SECURES FUTURE ADVANCES
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on July 2, 2014. The trustor is Michael S.
<br />Gray and Alice M. Gray, husband and wife , whose address is 960 S Oak STREET, Grand Island,
<br />Nebraska 68801 ( "Borrower "). The trustee is First American Title Insurance Company, 1 First
<br />American Way, Santa Ana, CA 92707 ( "Trustee "). The beneficiary is Mortgage Electronic
<br />Registration Systems Inc. ("MERS"), which is organized and existing under the laws of Delaware,
<br />and whose address is Delaware. Cherry Creek Mortgage Co., Inc. is organized and existing under
<br />the laws of Colorado, and has an address of 7600 East Orchard Road, Suite 250 - N, Greenwood
<br />Village, CO 80111 ( "Lender "). Borrower has agreed to repay to Lender amounts which Lender is
<br />obligated to advance, including future advances, under the terms of a Home Equity Conversion Loan
<br />Agreement dated the same date as this Security Instrument ( "Loan Agreement "). The agreement to repay
<br />is evidenced by Borrower's Adjustable -Rate Note dated the same date as this Security Instrument
<br />( "Note "). The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and
<br />Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument
<br />secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest at a rate subject to
<br />adjustment (interest), and all renewals, extensions and modifications of the Note, up to a maximum
<br />principal amount of One Hundred Thirty Thousand, Five Hundred Dollars and Zero Cents (U.S.
<br />$130,500.00); (b) the payment of all other sums, with interest, advanced under paragraph 5 to protect
<br />the security of this Security Instrument or otherwise due under the terms of this Security Instrument; and
<br />(c) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Note. The full debt, including amounts described in (a), (b), and (c) above, if not due earlier, is due and
<br />payable on March 12, 2102. For this purpose, Borrower irrevocably grants and conveys to Trustee, in
<br />trust, with power of sale, the following described property located in HALL County, NEBRASKA:
<br />See legal description as Exhibit A attached hereto and made a part hereof for all intents and
<br />purposes
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument, All of the foregoing is referred to in this
<br />Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title
<br />to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or
<br />Pave I of 9 I IFCM FirsI Deed OfTmsl
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