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<br />STATE OF NEBRASKA )
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<br />COUNTY OF ADAMS )
<br />Loan origination organization: Adams County Bank
<br />NMLS ID: 630970
<br />Loan Originator: Mark V. Utter
<br />NMLS ID: 619158
<br />DEED OF TRUST
<br />Return to: Adams County Bank, 401 N Smith Ave, PO Box 149, Kenesaw NE 68956
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<br />This Deed of Trust, hereinafter referred to as Security Instrument, is made on this 14th day of April, 2017.
<br />The Trustor, hereinafter referred to as Borrower, is Curtis D. Zavodny and Susanne R. Zavodny, Husband and
<br />Wife, whose address is 4017 Greenwood Drive, Grand Island, Nebraska, 68803.
<br />The Trustee, hereinafter referred to as Trustee is Adams County Bank. The Beneficiary, hereinafter
<br />referred to as Lender, is Adams County Bank, which is organized and existing under the laws of the State of
<br />Nebraska, and whose address is Kenesaw, County of Adams, State of Nebraska. Borrower owes Lender the
<br />principal sum of Two Hundred Thirty - Five Thousand Dollars and No /100 Dollars
<br />($235,000.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument,
<br />hereinafter referred to as Note, with the full debt, if not paid earlier, due and payable on September 7, 2017. This
<br />Security Instrument secures to Lender: (a) the repayment of the debt evidenced by Note(s), together with interest
<br />thereon, any further advances, and all extensions, modification, substitutions, and renewals thereof; (b) the payment
<br />W of all other sums, with interest, advanced under Section Nine hereof to protect the security of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with Power of Sale, the
<br />following described real estate:
<br />Lot Five (5), Pleasant View Fifteenth Subdivision to the City of Grand Island, Hall County, Nebraska,
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<br />which is located in Hall County, Nebraska, having the address of 904 Sun Valley Pl., Grand Island, Nebraska and
<br />is hereinafter referred to as "Property Address."
<br />Together with all the improvements now or hereafter erected on the property and all easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a part of the said property. All replacements and additions shall also be covered by this Security
<br />Instrument. All of the foregoing is referred to in this Security Instrument as the "Property".
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record. Borrower and Lender covenant and agree as follows:
<br />1. TRUST DEEDS ACT. That this Trust Deed shall be governed by the terms of Section 76 -1001, and
<br />following, of the Revised Statutes of the State of Nebraska, also known as the Nebraska Trust Deeds Act.
<br />2. PAYMENT. That the Borrower shall pay to the Beneficiary the principal and interest under the terms of
<br />the Promissory Note(s).
<br />3. TAXES. That the Borrower shall pay all general real estate taxes and special assessments levied
<br />hereinafter against the property when the same become due and before the same become delinquent.
<br />4. INSURANCE. That the Borrower shall insure the property against loss by fire, hazards, included within
<br />the term "Extended Coverage" and any other hazards for which the Lender requires insurance in an amount not less
<br />than Two Hundred Twenty - six Thousand Dollars and no /100 Dollars ($226,000.00) with a company
<br />qualified in the State of Nebraska by a policy containing a clause for loss payable to the Beneficiary and the
<br />Borrower as their respective interests exist at the time of the loss and to provide evidence of payment of the
<br />premium of said policy upon reasonable demand by the beneficiary.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration
<br />or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not
<br />lessened, or the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not
<br />then due, with any excess paid to Borrower.
<br />If Borrower abandons the Property, or does not answer within thirty (30) days a notice from Lender that the
<br />insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the
<br />proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or not then
<br />due. The thirty (30) day period will begin when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not
<br />extend or postpone the due date of the payments referred to in Section 2 hereof, or change the amount of the
<br />payments. If the property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this
<br />Security Instrument immediately prior to the acquisition.
<br />GENERAL NOTARY • State of Nebraska
<br />JOHN A. HOHLEN
<br />*Comm. Exp. November 25, 2017
<br />The foregoing instrument was acknowledged before me this 14th day of April, 2017 by Mark V. Utter,
<br />Executive Vice President of Adams County Bank, a Nebraska :. ' corporation, on behalf of the corporation.
<br />Notary
<br />GENERAL NOTARY - State of Nebraska
<br />JOHN A. HOH LEN
<br />My Comm. Exp. November 25, 20174
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