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This Deed of Trust made this 15th day of May, 2000; by
<br />TRUSTORS: Kristie Lee Pederson, a single person
<br />ADDRESS: 1232 Warren Lane, Grand Island, NE
<br />BENEFICIARY: City of Grand Island, Community Development Department
<br />ADDRESS: 100 East 1st Street; Grand Island, NE
<br />TRUSTEE: Charles Cuypers, City Attorney
<br />For valuable consideration, Trustor irrevocably grants, conveys, and assigns
<br />To Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />beneficiary, under and subject to the rights terms and conditions of this Deed
<br />of Trust, the following described real property located in HALL COUNTY,
<br />NEBRASKA:
<br />Lot Six (6), Houghkirk's Subdivision to the City of
<br />Grand Island, NE., Hall County, aka 1232 Warren Lane
<br />(Hereinafter called the Premises) together with all buildings and
<br />improvements now or hereafter erected upon the premises; all rents, profits,
<br />royalties, income and other benefits derived from the premises; all easements;
<br />licenses, rights of way now or hereafter accruing to the premises; and any and
<br />all awards made for the taking by eminent domain, including proceeds of any
<br />agreement made in lieu thereof; and,
<br />All are collectively called the Security.
<br />FOR THE PURPOSE OF SECURING
<br />(a) The payment of the debt to the Beneficiary evidenced by the Trustor's
<br />note of this same date in the principle sum of Fifteen Thousand Four Hundred
<br />Thirty Five and 94/100 Dollars ($15,435.94) with no interest, and upon the
<br />terms provided in the Notes and any and all renewals, modifications and
<br />extensions of the Notes;
<br />(b) The performance of: each agreement between the Trustor and Beneficiary;
<br />the covenants of the Trustor in this Deed of Trust;
<br />(c) The payment of any sum or sums with interest thereon which may later
<br />arise under the terms of this Deed of Trust or may be advanced to be secured by
<br />this Deed of Trust. Future advancements may not exceed a sum equal to three
<br />times the original principal amount of the above- recited notes.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND
<br />AGREES AS FOLLOWS:
<br />1. Obligation. Trustor shall promptly pay when due the principal of the
<br />indebtedness evidenced by the Notes, and all other charges and fees provided in
<br />the Notes or secured by this Deed of Trust, and the principal of and interest
<br />on any future advances secured by this Deed of Trust not to exceed three times
<br />the original principal amount of the above - recited notes.
<br />2. Warranty of Title.
<br />2.1 Trustor is lawfully seized and possessed of good and indefeasible title
<br />and estate to the property hereby conveyed and has the right to grant and
<br />convey the property.
<br />2.2 The property is free and clear of all liens and encumbrances except
<br />for-None
<br />3. Maintenance of the Security.
<br />3.1 Trustor shall keep the security in good condition and repair; shall not
<br />commit or suffer waste; shall not do or allow anything to be done which will
<br />increase the risk of fire or other casualty to the premises or diminish the
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<br />DEED OF
<br />TRUST
<br />'
<br />This Deed of Trust made this 15th day of May, 2000; by
<br />TRUSTORS: Kristie Lee Pederson, a single person
<br />ADDRESS: 1232 Warren Lane, Grand Island, NE
<br />BENEFICIARY: City of Grand Island, Community Development Department
<br />ADDRESS: 100 East 1st Street; Grand Island, NE
<br />TRUSTEE: Charles Cuypers, City Attorney
<br />For valuable consideration, Trustor irrevocably grants, conveys, and assigns
<br />To Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />beneficiary, under and subject to the rights terms and conditions of this Deed
<br />of Trust, the following described real property located in HALL COUNTY,
<br />NEBRASKA:
<br />Lot Six (6), Houghkirk's Subdivision to the City of
<br />Grand Island, NE., Hall County, aka 1232 Warren Lane
<br />(Hereinafter called the Premises) together with all buildings and
<br />improvements now or hereafter erected upon the premises; all rents, profits,
<br />royalties, income and other benefits derived from the premises; all easements;
<br />licenses, rights of way now or hereafter accruing to the premises; and any and
<br />all awards made for the taking by eminent domain, including proceeds of any
<br />agreement made in lieu thereof; and,
<br />All are collectively called the Security.
<br />FOR THE PURPOSE OF SECURING
<br />(a) The payment of the debt to the Beneficiary evidenced by the Trustor's
<br />note of this same date in the principle sum of Fifteen Thousand Four Hundred
<br />Thirty Five and 94/100 Dollars ($15,435.94) with no interest, and upon the
<br />terms provided in the Notes and any and all renewals, modifications and
<br />extensions of the Notes;
<br />(b) The performance of: each agreement between the Trustor and Beneficiary;
<br />the covenants of the Trustor in this Deed of Trust;
<br />(c) The payment of any sum or sums with interest thereon which may later
<br />arise under the terms of this Deed of Trust or may be advanced to be secured by
<br />this Deed of Trust. Future advancements may not exceed a sum equal to three
<br />times the original principal amount of the above- recited notes.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND
<br />AGREES AS FOLLOWS:
<br />1. Obligation. Trustor shall promptly pay when due the principal of the
<br />indebtedness evidenced by the Notes, and all other charges and fees provided in
<br />the Notes or secured by this Deed of Trust, and the principal of and interest
<br />on any future advances secured by this Deed of Trust not to exceed three times
<br />the original principal amount of the above - recited notes.
<br />2. Warranty of Title.
<br />2.1 Trustor is lawfully seized and possessed of good and indefeasible title
<br />and estate to the property hereby conveyed and has the right to grant and
<br />convey the property.
<br />2.2 The property is free and clear of all liens and encumbrances except
<br />for-None
<br />3. Maintenance of the Security.
<br />3.1 Trustor shall keep the security in good condition and repair; shall not
<br />commit or suffer waste; shall not do or allow anything to be done which will
<br />increase the risk of fire or other casualty to the premises or diminish the
<br />c�_
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