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<br />Prepared By: Cherry Creek Mortgage Co., Inc.
<br />7600 East Orchard Road, Suite 250 -N
<br />Greenwood Village, CO 80111
<br />Record and Return to: 1st Reverse Mortgage, USA
<br />3609 S. Wadsworth Blvd Suite 500
<br />Lakewood, CO 80235
<br />Attn: Final Docs
<br />State of NEBRASKA
<br />[Space Above This Line For Recording Data]
<br />FHA Case No. 321- 3419786 -962
<br />Loan No. 907908924
<br />MIN: 1000302-0907908924-8
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<br />'7, 7
<br />ADJUSTABLE RATE
<br />HOME EQUITY CONVERSION DEED OF TRUST
<br />THIS INSTRUMENT IS A DEED OF TRUST WHICH SECURES FUTURE ADVANCES
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on October 28, 2015. The trustor is John D.
<br />Folsom and Sallie S. Folsom , whose address is 1504 West 2nd STREET, GRAND ISLAND,
<br />Nebraska 68801 ( "Borrower "). The term "Borrower" does not include the Borrower's successors or
<br />assigns. The trustee is First American Title Insurance Company, Claims National Intake Center, 1
<br />First American Way, Santa Ana, CA 92707 ( "Trustee "). The beneficiary is Mortgage Electronic
<br />Registration Systems Inc. ( "MERS "), which is organized and existing under the laws of Delaware,
<br />and whose address is Delaware. Cherry Creek Mortgage Co., Inc. is organized and existing under
<br />the laws of Colorado, and has an address of 7600 East Orchard Road, Suite 250 -N, Greenwood
<br />Village, CO 80111 ( "Lender "). Borrower has agreed to repay to Lender amounts which Lender is
<br />obligated to advance, including future advances, under the terms of a Home Equity Conversion Loan
<br />Agreement dated the same date as this Security Instrument ( "Loan Agreement "). The agreement to repay
<br />is evidenced by Borrower's Adjustable -Rate Note dated the same date as this Security Instrument
<br />( "Note "). The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and
<br />Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument
<br />secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest at a rate subject to
<br />adjustment (interest), and all renewals, extensions and modifications of the Note, up to a maximum
<br />principal amount of Two Hundred Seventeen Thousand, Five Hundred Dollars and Zero Cents
<br />(U.S. $217,500.00); (b) the payment of all other sums, with interest, advanced under paragraph 5 to
<br />protect the security of this Security Instrument or otherwise due under the terms of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. The full debt, including amounts described in (a), (b), and (c) above, if not due
<br />earlier, is due and payable on October 16, 2080. For this purpose, Borrower irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in HALL
<br />County, NEBRASKA:
<br />See legal description as Exhibit A attached hereto and made a part hereof for all intents and
<br />purposes
<br />which has the address of
<br />1504 West 2nd STREET, GRAND ISLAND, Nebraska 68801, ( "Property Address ")
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Page 1 of 11
<br />HECM First Deed Of Trust -2015
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