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0 <br />if any. <br />DEED OF TRUST <br />C1 n <br />= <br />n= <br />BORROWER AND LENDER AGREE AS FOLLOWS: <br />Cr, <br />G'7 <br />(n <br />THIS DEED OF TRUST is made on this 93 day of December, 2014. <br />The Trustor is Rebecca D. Seevers, a single person, a/k/a Borrower. <br />The Trustee is Claude E. Berreckman, Jr., a member of the Nebraska State Bar Association. <br />The Beneficiary is Mildred L. Starr, a/k/a Lender. <br />The Beneficiary's address is PO Box 94, Mullen, NE 69512. <br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following: <br />Lot 2, Alda South Subdivision, Hall County, Nebraska <br />Together with all the rents and profits therefrom and subject to easements and restrictions of record, <br />Borrower owes Lender Two Hundred and Eighty Thousand Dollars ($280,000.00), evidenced by <br />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 <br />sums, with interest, advanced under the provisions hereafter to protect the security and the performance of <br />Borrower's covenants and agreements. <br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and <br />lawful authority to convey the same and warrants and will defend title to the real estate against the lawful <br />claims of all persons. <br />1. Borrower shall pay when due, the principal and interest as provided in said note. <br />2. All payments received by Lender shall be first applied to advances which may have been <br />made by Lender and then to interest due and last to principal due. <br />3. Borrower shall pay all general real estate taxes and special assessments against the property <br />before the same become delinquent. <br />4. If Lender determines that any part of the property is subject to a lien, which is or may attain <br />priority over this security instrument, Lender may give Borrower a notice identifying the lien and Borrower <br />shall satisfy the lien within ten (10) days. <br />5. Borrower shall keep the improvements on said premises insured against loss by fire and <br />hazards included within the term "extended coverage" for the insurable value and policies for the same shall <br />include a standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss <br />if not promptly made by Borrower. Insurance proceeds shall be applied to restoration or repair of the <br />property damaged, unless both parties otherwise agree, except if restoration or repair is not economically <br />feasible or Lender's security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether <br />or not then due. <br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from insurance <br />shall not extend or postpone the due date of the monthly payments provided in said note, or change the <br />amount of the payments. <br />6. If Borrower fails to perform the covenants and agreements herein contained, Lender may <br />do and pay for whatever is necessary to protect the value of the property and Lender's rights in the property, <br />including the paying of any sum secured by a lien which has priority over this security instrument, appearing <br />in court, paying reasonable attorney fees and entering the property to make repairs. Any amount disbursed <br />by Lender under this paragraph shall become an additional debt of Borrower secured by this security <br />instrument, to bear interest from the date of disbursement and said amount, together with the then unpaid <br />principal amount, shall bear interest at the highest lawful rate until refunded by Borrower. <br />7. The proceeds of any condemnation award are hereby assigned and shall be paid to Lender <br />and shall be applied to the sums secured by this security instrument, whether or not then due, with any excess <br />paid to Borrower. <br />8. Any extensions or modifications of the loan granted by Lender to any successor in interest <br />of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in <br />interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude <br />the exercise of any right or remedy. <br />CD <br />U' <br />O <br />CD <br />w <br />h) <br />0p <br />