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Prepared By: Cherry Creek Mortgage Co., Inb. <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 <br />ADJUSTABLE RATE <br />HOME EQUITY CONVERSION SECOND DEED OF TRUST <br />THIS INSTRUMENT IS A DEED OF TRUST WHICH SECURES FUTURE ADVANCES <br />THIS DEED OF TRUST ( "Security Instrument" or "Second Security Instrument ") is made on <br />October 28, 2015. The trustor is John D. Folsom and Sallie S. Folsom, whose address is 1504 West <br />2nd STREET, GRAND ISLAND, Nebraska 68801 ( "Borrower "). The term "Borrower" does not <br />include the Borrower's successors or assigns. The trustee is the SENIOR OFFICIAL WITH <br />RESPONSIBILITY FOR SINGLE FAMILY MORTGAGE INSURANCE PROGRAMS IN THE <br />DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FIELD OFFICE WITH <br />JURISDICTION OVER THE PROPERTY DESCRIBED BELOW, OR A DESIGNEE OF THAT <br />OFFICIAL ( "Trustee "). The beneficiary is the Secretary of Housing and Urban Development, whose <br />address is 451 Seventh Street, SW, Washington, DC 20410 ( "Lender" or "Secretary "). Borrower has <br />agreed to repay to Lender amounts which Lender is obligated to advance, including future advances, <br />under the terms of a Home Equity Conversion Loan Agreement dated the same date as this Security <br />Instrument ( "Loan Agreement "). The agreement to repay is evidenced by Borrower's Adjustable -Rate <br />Note dated the same date as this Security Instrument ( "Second Note "). This Security Instrument secures <br />to Lender: (a) the repayment of the debt evidenced by the Second 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. 5217,500.00); (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 Second Note. The full debt, including amounts described in (a), (b), and (c) above, if <br />not due earlier, is due and payable on October 16, 2080. For this purpose, Borrower irrevocably grants <br />and 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 />Security Instrument as the "Property." <br />Page 1 of 10 HECM Second Deed OfTrust- -2015 <br />C:� <br />