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DEED OF TRUST
<br />THIS DEED OF TRUST, made on this Low= day of April, 2001, by and among ROSALIO VARGAS, JR, a
<br />single person, whose mailing address is 321 W 6d', Grand Island, NE 68801, ( "Trustor "); GREGORYM. NEUHA US, a
<br />member of the Nebraska State Bar Association, whose mailing address is 205 S Cedar Street, Suite 150, Grand Island,
<br />Nebraska 68801, ( "Trustee "); and MARIA A. MARRUJO, a single person, and ROCIO CASTILLO, a single person,
<br />whose mailing address is 509 E 8 1h Street, Grand Island, NE 68801 ( "Beneficiary"). p
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property, located in the County of Hall, State of Nebraska, and legally
<br />described as follows, (the "Property") to -wit:
<br />The Northerly Eighty-Eight (88) Feet of Lot Four (4), in Block Sixteen (16), in the Original Town,
<br />Now City of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH all rents, easements, appurtenances, interests in adjoining roads, streets, and alleys,
<br />improvements, and buildings, on said premises.
<br />Estate ".
<br />The property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of Thirty-Two Thousand Seven Hundred
<br />Twenty Dollars and 94/100 ($32,720.94), at Six Percent (6 %) interest, as evidenced by the certain Trust Deed Note of
<br />even date (the "Note ") with a maturity date of March 1, 2009, 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, and any and all modifica-
<br />tions, extensions and renewals thereof, and
<br />b. All payments that are required to be advanced by the Beneficiary to protect the Trust Estate, shall
<br />bear interest at the rate of Six Percent (6 %) per annum.
<br />C. The undersigned has the right to make payments of principal at any time before they are due without
<br />penalty.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest on, the
<br />indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments.
<br />2. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind, now or
<br />hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand, and shall
<br />provide Beneficiary with evidence of the payment of the same. Trustor shall pay all taxes and assessments which may
<br />be levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without regard to
<br />any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficiary.
<br />The 2000 Real Estate taxes shall be paid by Beneficiary and the Real Estate taxes for 2001 shall be paid by the
<br />Trustor.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance insuring the
<br />improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid
<br />principal balance of the Note (co- insurance not exceeding 80% permitted). Such insurance policy shall contain a
<br />standard mortgage clause in favor of Beneficiary and shall not be cancelable, terminable or modifiable without ten (10)
<br />days prior written notice to Beneficiary. Trustor shall promptly repair, maintain, and replace the Trust Estate or any
<br />part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the
<br />Trustor commit waste on or to the Trust Estate. Trustor shall further provide Beneficiary with receipt of payment of
<br />said insurance premiums and shall include Beneficiary as a Loss Payee on said policy.
<br />Page 1 of 4
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST, made on this Low= day of April, 2001, by and among ROSALIO VARGAS, JR, a
<br />single person, whose mailing address is 321 W 6d', Grand Island, NE 68801, ( "Trustor "); GREGORYM. NEUHA US, a
<br />member of the Nebraska State Bar Association, whose mailing address is 205 S Cedar Street, Suite 150, Grand Island,
<br />Nebraska 68801, ( "Trustee "); and MARIA A. MARRUJO, a single person, and ROCIO CASTILLO, a single person,
<br />whose mailing address is 509 E 8 1h Street, Grand Island, NE 68801 ( "Beneficiary"). p
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property, located in the County of Hall, State of Nebraska, and legally
<br />described as follows, (the "Property") to -wit:
<br />The Northerly Eighty-Eight (88) Feet of Lot Four (4), in Block Sixteen (16), in the Original Town,
<br />Now City of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH all rents, easements, appurtenances, interests in adjoining roads, streets, and alleys,
<br />improvements, and buildings, on said premises.
<br />Estate ".
<br />The property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of Thirty-Two Thousand Seven Hundred
<br />Twenty Dollars and 94/100 ($32,720.94), at Six Percent (6 %) interest, as evidenced by the certain Trust Deed Note of
<br />even date (the "Note ") with a maturity date of March 1, 2009, 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, and any and all modifica-
<br />tions, extensions and renewals thereof, and
<br />b. All payments that are required to be advanced by the Beneficiary to protect the Trust Estate, shall
<br />bear interest at the rate of Six Percent (6 %) per annum.
<br />C. The undersigned has the right to make payments of principal at any time before they are due without
<br />penalty.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest on, the
<br />indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments.
<br />2. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind, now or
<br />hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand, and shall
<br />provide Beneficiary with evidence of the payment of the same. Trustor shall pay all taxes and assessments which may
<br />be levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without regard to
<br />any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficiary.
<br />The 2000 Real Estate taxes shall be paid by Beneficiary and the Real Estate taxes for 2001 shall be paid by the
<br />Trustor.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance insuring the
<br />improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid
<br />principal balance of the Note (co- insurance not exceeding 80% permitted). Such insurance policy shall contain a
<br />standard mortgage clause in favor of Beneficiary and shall not be cancelable, terminable or modifiable without ten (10)
<br />days prior written notice to Beneficiary. Trustor shall promptly repair, maintain, and replace the Trust Estate or any
<br />part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the
<br />Trustor commit waste on or to the Trust Estate. Trustor shall further provide Beneficiary with receipt of payment of
<br />said insurance premiums and shall include Beneficiary as a Loss Payee on said policy.
<br />Page 1 of 4
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