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Return to:
<br />Kevin A. Brostrom
<br />Attorney at Law
<br />P.O. Box 400
<br />Grand Island, NE 68802
<br />FOR THE PURPOSE OF SECURING:
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<br />(b) the performance of each agreement and covenant of Trustor herein contained;
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this d-e of ` /012, by and among HEATHER
<br />SANDSTED and DAVID SANDSTED, wife and husband, hereinafter referred to as "Trustor ", whether one
<br />or more, whose mailing address is 2431 Del Monte, Grand Island, NE 68803; KEVIN A. BROSTROM,
<br />Attorney at Law, hereinafter referred to as "Trustee," whose address is 724 W. Koenig, P.O. Box 400, Grand
<br />Island, NE 68802; and PEGGY J. HOLTORF, a single person, whose mailing address is 404 W. Stolley Park
<br />Rd., Grand Island, NE 68801, Beneficiary.
<br />For valuable consideration, Trustor irrevocably grants, transfer, convey and assign to Trustee, in
<br />trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the following- described property, located in Hall County, Nebraska:
<br />Lot Two (2) in Block Five (5), in Bel Air Addition to the City of Grand
<br />Island, Hall County, Nebraska, commonly known as 2431 Del Monte,
<br />Grand Island, NE 68803,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon or in any way pertaining thereto, and the rents, issues, profits, reversions
<br />and the remainders thereof, including all such personal property that is attached to the improvements so as
<br />to constitute a fixture, all of which, including replacements and additions thereto, are hereby declared to be
<br />a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />referred to as the "Property."
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date herewith
<br />in the principal sum of Ninety -five Thousand Two Hundred Eighty Dollars ($95,280.00),
<br />together with interest at the rate or rates provided therein, or the principal and interest on
<br />any future advance as evidenced by promissory notes stating they are secured hereby, and
<br />any and all renewals, modifications and extensions of such notes, both principal and interest
<br />on the notes being payable in accordance with the terms set forth therein and the
<br />amortization schedule attached thereto, which by this reference are hereby made a part
<br />hereof;
<br />(c) the payment of any sum or sums of money which may be hereafter paid or
<br />advanced by Beneficiary under the terms of this Deed of Trust, together with interest
<br />thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustors hereby covenant and agree as follows:
<br />1. Payment of Indebtedness. To pay when due, the principal of, and the interest on, the indebtedness
<br />evidenced by the note, charges, fees and all other sums as provided in the loan instruments.
<br />2. Title. Trustor is the owner of the property and has the right and authority to execute this Deed
<br />of Trust in respect to the property.
<br />3. Taxes and Assessment. To pay, when due, all taxes, special assessments and all other charges
<br />against the property, before the same become delinquent, and, in the event Beneficiary shall so require, to
<br />add to the payments required under the note secured hereby, such amount as may be sufficient to enable
<br />Beneficiary to pay such taxes, assessments or other charges as they become due.
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