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Record and return to:
<br />Grand Island Abstract, Escrow & Title Co.
<br />704 West 3` Street, Grand Island, NE 68801
<br />FOR THE PURPOSE OF SECURING:
<br />7D
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<br />DEED OF TRUST
<br />Page 1 of 5
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />Lot 1, Bolanos Subdivision, Grand Island, Hall County, Nebraska subject to the
<br />ingress /egress easement recorded on the Bolanos Subdivision plat
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<br />t THIS DEED OF TRUST is made as of the 11 day of September, 2015, by Eduardo
<br />UI
<br />Ascencion and Alfredo Ascencion ( "TRUSTOR "), whose mailing address is: 2323 Bellwood
<br />Dr. #175, Grand Island, NE 68801; and, Marvin L. Andersen, ( "TRUSTEE "), whose mailing
<br />t11 address is: 202 W. Third St., PO Box 639, Grand Island, NE 68802 and Edwin D. Bolanos and
<br />r-8 Angela M. Bolanos, husband and wife, ( "BENEFICIARY ") whether one or more, whose
<br />mailing address is 1620 E. Capital Ave., Grand Island, Nebraska 68801.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real
<br />property located in Hall County, Nebraska, and legally described as follows:
<br />(the "Property"):
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in
<br />adjoining roads situated thereon.
<br />The property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate ".
<br />a. Payment of indebtedness of the total principal amount of $270,000.00 with
<br />interest thereon at the rate of 6.00 % per annum, as evidenced by a Promissory Note of
<br />September 11, 2015 date (the "Note "), executed by Trustor, which has been delivered and is
<br />payable to the order of Beneficiary, and which by this reference is hereby made a part hereof,
<br />and any and all modifications, extensions and renewals thereof, and,
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with
<br />interest thereon at the rate of 6.00 % percent per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further
<br />secure the payment and performance of any obligation secured hereby are referred to collectively
<br />as the "Loan Instruments ".
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of,
<br />and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as
<br />provided in the Loan Instruments.
<br />2. REAL ESTATE TAXES. Trustor shall pay the annual real estate taxes to the
<br />Hall County Treasurer before the taxes become delinquent and shall furnish tax receipts to
<br />Beneficiary on or before May 1st and September 1st each year, including the taxes for the
<br />calendar year, 2016.
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