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201507131
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11/5/2015 9:11:35 PM
Creation date
10/19/2015 3:07:59 PM
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DEEDS
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201507131
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rn <br /> cc) <br /> t <br /> 11) <br /> Return to: <br /> Center for Rural Affairs-REAP <br /> PO Box 136 <br /> Lyons,NE 68038 <br /> DEED OF TRUST <br /> THIS DEED OF TRUST is made on October 9, 2015. <br /> The Trustor is Gabriela Lopez,a married person a/k/a Borrower <br /> The Trustee is:Daniel A.Smith,Attorney at Law,PO Box 250,Lyons,NE 68038-0250. <br /> The Beneficiary is the Center for Rural Affairs—REAP and the Rural Investment Corporation, <br /> also known as Lender. Beneficiary's address is PO Box 136 Lyons,NE 68038-0136 <br /> Borrower irrevocably conveys to Trustee,in Trust,with power of sale,the following: <br /> Lot 5,Block,1 George Loan's Subdivision,City of Grand Island,Hall County,Nebraska, <br /> EXCEPT a tract of land beginning at the Southwest corner of Lot 5,Block 1,George Loan's <br /> Subdivision,said point also being the intersection of the East line of St.Paul Road and the <br /> North line of 12"'Street;thence East on the South line of Lot 5,Block 1,George Loan's <br /> Subdivision for a distance of 66.0 feet to the Southeast corner of Lot 5,Block 1,George <br /> Loan's Subdivision;thence North on the East line of Lot 5,Block 1,George Loan's <br /> Subdivision for a distance of 5 feet;thence West on a line 5 feet North of and parallel to the <br /> South line of Lot 5,Block 1,George Loan's Subdivision for a distance of 58.0 feet;thence <br /> Northwesterly on a line to a point on the West line of Lot 5,Block 1,George Loan's <br /> Subdivision;thence South on the West line of Lot 5,Block 1,George Loan's Subdivision for <br /> a distance of 11.0 feet to the point of beginning. <br /> together with all the rents and profits therefrom and subject to easements and restrictions of record,if any. <br /> Borrower owes Lender$50,000.00(Fifty Thousand and NO/Hundred Dollars),evidenced by <br /> Borrowers'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 sums, <br /> with interest,advanced under the provisions hereafter to protect the security and the performance of Borrower, <br /> covenants and agreements. <br /> Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power and lawful <br /> authority to convey the same and warrant and will defend title to the real estate against the lawful claims of all <br /> persons. <br /> BORROWER AND LENDERS AGREE AS FOLLOWS: <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 made by Lender <br /> 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 before the same <br /> become delinquent. <br /> 4. If Lender determines that any part of the property is subject to a lien,which is or may attain priority over <br /> this security instrument,Lender may give Borrower a notice identifying the lien and Borrower shall satisfy <br /> II <br /> the lien within ten(10)days. <br /> 1 <br />
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