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<br />Return To:
<br />Denise D. Myers
<br />611 N. Diers Ave., Ste 1
<br />Grand Island, NE 68803
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<br />Lot One (1), Mulder Subdivision, Hall County, Nebraska.
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<br />Lot Eight (8), Block Five (5), Dodd and Marshall's Addition to the Village of Wood
<br />River, Hall County, Nebraska.
<br />Lot Sixteen (16), Block Twenty -One (21), Original Town of Wood River, Hall County,
<br />Nebraska.
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<br />TRUST DEED
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<br />THIS DEED OF TRUST is made on Mer-sh (0 , 2016. The Trustors are Jamie R. Morse,
<br />also known as Jamie Morse, and Veronica K. Morse, also known as Veronica Morse, husband and
<br />wife, (hereinafter collectively called "Borrower "). The Trustee is Denise D. Myers, of Myers &
<br />Goding, P.C., 611 N. Diers Ave., Ste. 1, Grand Island, Nebraska 68803, ( "Trustee "). The
<br />beneficiary is Wood River Area Economic and Housing Development Corporation, a Nebraska
<br />Corporation, 116 E. 9th Street, P.O. Box 800, Wood River, NE 68883, (Hereinafter, "Lender ").
<br />Borrower owes Lender the principal sum of Thirty Five Thousand and 00/100 Dollars ($35,000.00).
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument
<br />( "Note "), which provides for payment of principal, plus accrued interest in monthly payments. The
<br />Deed of Trust (sometimes referred to herein as "security instrument ") secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, and all renewals, extensions and modifications; (b)
<br />the payment of all other sums advanced under paragraph 4 to protect the security of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose,
<br />Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property located in Hall County, Nebraska:
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all 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 />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed
<br />and has the right to grant and convey the Property and that the Property is unencumbered.
<br />Borrower warrants and will defend generally the title to the Property against all claims and
<br />demands, subject to any encumbrances of record.
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal; Prepayment and Late Charges. Borrower shall promptly pay when
<br />due the principal on the debt evidenced by the Note and any prepayment and late charges due
<br />under the Note. Prepayment of principal or any part thereof, shall not be allowed without the prior
<br />written consent of Lender.
<br />2. Charges; Liens. Borrower shall pay all real estate taxes and assessments attributable
<br />to the Property which may attain priority over this Security Instrument, and leasehold payments or
<br />ground rents, if any.
<br />3. Hazard Insurance. If required by Lender, Borrower shall keep any improvements now
<br />existing or hereafter erected on the Property insured against loss by fire, wind, or other natural
<br />disasters, hazards included within the term "extended coverage" and any other hazards for which
<br />Lender requires insurance. This insurance shall be maintained in the amounts and for the periods
<br />that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject to Lender's approval which shall not be unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include
<br />a standard mortgage clause. If Lender requires, Borrower shall promptly give to Lender all receipts
<br />of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier
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