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State of NEBRASKA <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 />Page 1 of 11 <br />n <br />• <br />r4, <br />ADJUSTABLE RATE <br />HOME EQUITY CONVERSION DEED OF TRUST <br />See legal description as Exhibit A attached hereto and made a part hereof for all intents and <br />purposes <br />:3 <br />r� <br />r � <br />CJl <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 Terry L. <br />Slips tka Terry L. Thayer , whose address is 1903 Stolley Park Circle, Grand Island, Nebraska <br />68803 ( "Borrower "). The term "Borrower" does not include the Borrower's successors or assigns. The <br />trustee is First American Title Insurance Company, 1 First American Way, Santa Ana, CA 92707 <br />( "Trustee "). The beneficiary is Mortgage Electronic Registration Systems Inc. ( "MERS "), which is <br />organized and existing under the laws of Delaware, and whose address is Delaware. Cherry Creek <br />Mortgage Co., Inc. is organized and existing under the laws of Colorado, and has an address of <br />7600 East Orchard Road, Suite 250 -N, Greenwood Village, CO 80111 ( "Lender "). 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 ( "Note "). The beneficiary of this Security <br />Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the <br />successors and assigns of MERS. This Security Instrument secures to Lender: (a) the repayment of the <br />debt evidenced by the Note, with interest at a rate subject to adjustment (interest), and all renewals, <br />extensions and modifications of the Note, up to a maximum principal amount of Three Hundred Seven <br />Thousand, Five Hundred Dollars and Zero Cents (U.S. $307,500.00); (b) the payment of all other <br />sums, with interest, advanced under paragraph 5 to protect the security of this Security Instrument or <br />otherwise due under the terms of this Security Instrument; and (c) the performance of Borrower's <br />covenants and agreements under this Security Instrument and the Note. The full debt, including amounts <br />described in (a), (b), and (c) above, if not due earlier, is due and payable on March 31, 2096. For this <br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following <br />described property located in HALL County, NEBRASKA: <br />which has the address of <br />1903 Stolley Park Circle, Grand Island, Nebraska 68803, ( "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." Borrower understands and agrees that MERS holds only legal title <br />[Space Above This Line For Recording Data] 6� <br />FHA Case No. 321- 3424451 -962 .4 (P' <br />Loan No. 907908972 <br />MIN: 1000302-0907908972-7 <br />HECM First Deed Of Trust -2015 <br />