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<br />Denise D. Myers
<br />611 N. Diers Ave., Ste. 1
<br />Grand Island, NE 68803
<br />TRUST DEED
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<br />THIS DEED OF TRUST is made on July 6, 2015. The Trustors are Jason K. Ummel and
<br />Amy L. Ummel, (hereinafter collectively "Borrower "). The Trustee is Denise D. Myers, Attorney
<br />at Law, 611 N. Diers Ave., Ste. 1, Grand Island, NE 68803 ( "Trustee "). The beneficiaries are
<br />Merleen J. Johnson, Trustee, and Merleen J. Johnson, Trustee of the Robert J. Johnson Trust "A ",
<br />( "Lenders ") 1808 W. 2nd St., Grand Island, NE 68803. Borrower owes Lenders the principal sum
<br />of Thirty Seven Thousand Five Hundred and 00 /100 Dollars ($37,500.00). This debt is evidenced
<br />by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for
<br />monthly payments of Five Hundred and 00 /100 Dollars ($500.00) for a period of 90 months,
<br />followed by one payment of Fifty Six and 69/100 Dollars ($56.69). The Security Instrument secures
<br />to Lenders: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br />extensions and modifications; (b) the payment of all other sums, with interest, advanced under
<br />paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower' s
<br />covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property located in Hall County, Nebraska:
<br />Lot One Hundred Sixty One (161), Belmont Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<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, water rights
<br />and stock and all fixtures now or hereafter a part of the property. All replacements and additions
<br />shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security
<br />Instrument as the "Property ".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed
<br />and has the right to grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances of record. Borrower warrants and will defend generally the title to the Property
<br />against all claims and demands, subject to any encumbrances of record.
<br />COVENANTS. Borrower and Lenders covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall
<br />promptly pay when due the principal of and interest on the debt evidenced by the Note and any
<br />prepayment and late charges due under the Note.
<br />2. Application of Payments. All payments received by Lenders under paragraphs 1 shall be
<br />applied: first, to late charges due under the Note; second, to prepayment charges due under the Note;
<br />third, to interest due; and, last, to principal due.
<br />3. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which may attain priority over this Security Instrument, and leasehold
<br />payments or ground rents, if any. Borrower shall pay them on time directly to the person owed
<br />payment. Borrower shall promptly furnish to Lenders all notices of amounts to be paid under this
<br />paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lenders
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument
<br />unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a
<br />manner acceptable to Lenders; (b) contests in good faith the lien by, or defend against enforcement
<br />of the hen in, legal proceedings which in the Lenders' opinion operate to prevent the enforcement
<br />of the hen or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lenders subordinating the lien to this Security Instrument. If Lenders
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