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201706084
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Last modified
12/9/2019 6:23:17 PM
Creation date
9/7/2017 3:24:07 PM
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DEEDS
Inst Number
201706084
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F17 <br /> _ f1 P1 <br /> ris <br /> "11 ((I S <br /> P1 Z ft` c ry C� <br /> IM.��� A.") <br /> O) :1 <br /> m �J <br /> 03 MINIM= G::; "# <br /> {�- _.! <br /> i n C7 <br /> Return to: <br /> Center for Rural Affairs-REAP <br /> PO Box 136 <br /> Lyons,NE 68038 <br /> DEED OF TRUST <br /> THIS DEED OF TRUST is made on September 7.2017. +O <br /> The Trustor is Donato Medina,a/k/a Borrower <br /> The Trustee is:Daniel A.Smith,Attorney at Law,PO Box 250,Lyons,NE 68038-0250. <br /> The Beneficiary is the Center for Rural Affairs—REAP and the Rural Investment Corporation, <br /> also known as Lender. Beneficiary's address is PO Box 136 Lyons,NE 68038-0136 <br /> Borrower irrevocably conveys to Trustee,in Trust,with power of sale,the following: <br /> Lot Two(2),in Block Fourteen(14),in Boggs and Hill's Addition to <br /> the City of Grand Island,Hall County,Nebraska <br /> together with all the rents and profits therefrom and subject to easements and restrictions of record,if any. <br /> Borrower owes Lender$40,000.00(Fourtv Thousand and no one hundred dollars),evidenced by <br /> Borrowers'Note of even date,payable according to the terms thereof. <br /> This Security Instrument secures to Lender the Debt evidenced by said Note,the payment of all other sums, <br /> with interest,advanced under the provisions hereafter to protect the security and the performance of Borrower, <br /> covenants and agreements. <br /> Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power and lawful <br /> authority to convey the same and warrant and will defend title to the real estate against the lawful claims of all <br /> persons. <br /> BORROWER AND LENDERS AGREE AS FOLLOWS: <br /> 1. Borrower shall pay when due,the principal and interest as provided in said Note. <br /> 2. All payments received by Lender shall be first applied to advances,which may have been made by Lender <br /> and then to interest due and last to principal due. <br /> 3. Borrower shall pay all general real estate taxes and special assessments against the property before the same <br /> become delinquent. <br /> 4. If Lender determines that any part of the property is subject to a lien,which is or may attain priority over <br /> this security instrument,Lender may give Borrower a notice identifying the lien and Borrower shall satisfy <br /> the lien within ten(10)days. <br /> 5. Borrower shall keep the improvements on said premises insured against loss by fire and hazards included <br /> within the term"extended coverage",for their insurable value and policies for the same shall include a <br /> standard mortgage clause showing Lender herein. In event of loss,Lender may make proof of loss if not <br /> promptly made by Borrower. Insurance proceeds shall be applied to restoration or repair of the property <br /> damaged,unless both parties otherwise agree,except if restoration or repair is not economically feasible or <br /> Lender's security is not lessened,otherwise said proceeds shall be paid on the debt herein,whether or not <br /> then due. <br /> Unless Lender and Borrower otherwise agree in writing,any payments or proceeds from insurance shall not <br /> extend or postpone the due date of the monthly payments provided in said Note,or change the amount of <br /> the payments. <br /> 1 <br />
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