|
Ad
<br />C) e)
<br />` w L a
<br />rn cr
<br />;�
<br />_
<br />M CA
<br />:X
<br />c) cn o
<br />C) -t
<br />as
<br />_ r
<br />C� N
<br />M
<br />C26
<br />o
<br />M
<br />o
<br />�_, c7 -n CD
<br />.®.
<br />M
<br />r
<br />_ r
<br />`
<br />C-
<br />r1,
<br />r
<br />�
<br />M C:
<br />a ti r n
<br />DEED OF TRUST N N x Cn
<br />CD CD
<br />L D
<br />�7
<br />West Half (W1,�) of Lot Eighty -one (81) and the East Forty feet (E40'flf Loth Ca
<br />t
<br />Eighty (80) of Wolfe's Subdivision to the City of Grand Island, Hall Countyo
<br />Nebraska.
<br />�
<br />Thi Deed of Trust, hereinafter referred to as Security Instrument, is made on this / 9 k
<br />day of 3 �_ 2001. The Trustor, hereinafter referred to as Borrower, is Bridget
<br />A. Harrington, a mied person, whose address is 544 Johnson Dr., Grand Island, NE 68803.
<br />The 'Trustee, hereinafter referred to as Trustee, is Chris A. Johnson, member of the Nebraska
<br />State Bar Association. The Beneficiary, hereinafter referred to as Lender, is Bernadine J.
<br />Hughes, a married person, whose address is 4135 E. Hadco Rd., Hastings, NE 68901. Borrower
<br />owes Lender the principal sum of Thirteen Thousand and no /100 Dollars ($13,000.00) with
<br />interest thereon at f per annum. This debt is evidenced by Borrower's note dated Decem-
<br />ber 1, 2000, hereinafter referred to as Note, which provides for payment of the same. This
<br />Security Instrument secures to Lender: (a) the repayment of the debt evidenced by Note(s),
<br />together with interest thereon, any further advances, and all extensions, modifications,
<br />substitutions and renewals thereof; (b) the payment of all other sums, with interest,
<br />advanced under Section Nine hereof to protect the security of this Security Instrument; and
<br />(c) the performance of Borrower's covenants and agreements under this Security Instrument and
<br />the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust,
<br />with Power of Sale, the property described above in the Acknowledgement which is located in
<br />Hall County, Nebraska, having the address of 544 Johnson Dr., Grand Island, Nebraska, and is
<br />hereinafter referred to as "Property Address ".
<br />Together with all the improvements now or hereafter_ erected on the property, and all,
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits,
<br />water rights and stock and all fixtures now or hereafter a part of the said property. All
<br />replacements and additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property ".
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and
<br />has the right: to grant and convey the Property and that the Property is unencumbered, except
<br />for encumbrances of record. Borrower warrants and will defend generally the title to the
<br />Property against all claims and demands, subject to any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />SECTION ONE
<br />PAYMENT OF PRINCIPAL AND INTEREST_; PREPAYMENT AND LATE CHARGES
<br />Borrower shall- promptly pay when due the principal of and interest on debt evidenced by
<br />the Note and any prepayment and late charges due under the Note.
<br />cL/"Ti nrr Mr
<br />Borrower wi11 pay all taxes and assessments for which provisions has not been made
<br />previously in this Deed of Trust, and will promptly deliver the official receipts therefor to
<br />Lender. In default thereof, Lender shall have the right to pay the same, and Lender may also
<br />pay any other sum that is necessary to protect the security of this Deed of Trust. All such
<br />surrrs, as well as all costs paid by Lender pursuant to this Deed of Trust, shall be secured
<br />hereby and shall bear interest at the rate provided for in the principal indebtedness.
<br />SECTION THREE
<br />APPLI CAT10 _N_0F' PAYMENTS
<br />Urless applicable law provides otherwise, all payments received by Lender under Section
<br />One hereof shall be applied; first, to late charges due under the Note; second, to prepayment
<br />charges due under the Note; third, to interest due; and last, to principal due.
<br />SECTION FOUR.
<br />CHARGES; L IENS
<br />Borrower shall pay all taxes, assessments, charges, fines and impositions attributable
<br />to the Property ghat may attain priority over this Security Instrument, and leasehold
<br />payments or ground rents, if any. Borrower shall pay them directly to the person owed
<br />payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under
<br />this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish
<br />to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien that has priority over this Security
<br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secure d
<br />by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or
<br />defends against enforcement of the lien in, legal proceedings which in the Lender's opinion
<br />operate to prevent the enforcement of the lien or forfeiture of any part of the Property; or-
<br />(c) secures from the holder of the lien an agreement satisfactory to the Lender subordinating
<br />the lien to this Security Instrument. If Lender determines that any part of the Property is
<br />subject to a lien that may attain priority over this Security Instrument, Lender may give
<br />Borrower a notice identifying the lien. Borrower_ shall satisfy the lien or take one or more
<br />of the actions set forth above with ten (10) days of the giving of notice.
<br />SECTION FIVE
<br />HAZARD INSURANCE
<br />Borrower shall keep the improvement- now existing or hereafter erected on the Property
<br />insured against, loss by fire, hazards included within the term "extended coverage" and any
<br />other hazards for which Lender_ requires insurance. This insurance shall be maintained in the
<br />amounts and for the periods that Lender requires. The insurance carrier providing the
<br />insurance shall be chosen by Porrower subject to Lender's approval which shall not be
<br />withheld urireasonabIy.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a
<br />standard ruortgage clause. Lender shall have the right to hold the policies and renewals. If
<br />Lender requires, Borrower shall promptly give to Lender all receipts of paid premilams and
<br />renewal notices. Additionally, Borrower agrees to furnish Lender a certificate showing that
<br />hazard insurance has been procured and also indicating that the policy contains a standard
<br />
|