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<br /> turn to: Adams County Bank,401 N Smith Ave,PO Box 149,Kenesaw NE 68956
<br /> DEED OF TRUST gD.
<br /> This Deed of Trust, hereinafter referred to as Security Instrument, is made on this 20th day of November,
<br /> 2017. The Trustor,hereinafter referred to as Borrower,is Curtis D.Zavodny and Susanne R.Zavodny,Husband
<br /> and Wife,whose address is 904 Sun Valley PL,Grand Island,Nebraska,68801.
<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 Ninety-Five Thousand Dollars and No/100 Dollars ($95,000.00). This debt is
<br /> evidenced by Borrower's note dated the same date as this Security Instrument, hereinafter referred to as Note, with
<br /> the full debt,if not paid earlier,due and payable on November 7,2032. This Security Instrument secures to Lender:
<br /> (a) the repayment of the debt evidenced by Note(s), together with interest thereon, any further advances, and all
<br /> extensions, modification, substitutions, and renewals thereof; (b) the payment of all other sums, with interest,
<br /> advanced under Section Nine hereof to protect the security of this Security Instrument; and (c) the performance of
<br /> Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br /> irrevocably grants and conveys to Trustee,in trust,with Power of Sale,the following described real estate:
<br /> Lot Five(5),Pleasant View Fifteenth Subdivision to the City of Grand Island,Hall County,Nebraska,
<br /> ,which is located in Hall County,Nebraska. ,having the address of 904 Sun Valley P1,Grand Island,Nebraska,
<br /> and 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 Ninety-Five Thousand Dollars and no/100 Dollars($95,000.00)with a company qualified in the
<br /> State of Nebraska by a policy containing a clause for loss payable to the Beneficiary and the Borrower as their
<br /> respective interests exist at the time of the loss and to provide evidence of payment of the premium of said policy
<br /> 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 /> 5, WASTE. That the Borrower shall not commit or suffer any waste of the property.
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