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1 . Sr.h • <br />11 IBS <br />liax■lw alms. <br />\ <br />It M\\tu,. <br />\t ,t - n .' : <br />X <br />Return to: <br />Center for Rural Affairs <br />PO Box 136 <br />Lyons, NE 68038 <br />-n <br />C <br />2 Z <br />n v <br />( U' <br />X = <br />BORROWERS AND LENDERS AGREE AS FOLLOWS: <br />2 <br />LOT TWENTY SIX (26), SADDLE CLUB SUBDIVISION, HALL COUNTY, <br />NEBRASKA <br />r <br />r <br />Y <br />DEED OF TRUST <br />THIS DEED OF TRUST is made on February 10, 2014. <br />The Trustors are Joel Ponne and Hilda Arriaza- Garrido, Husband and Wife a/k/a Borrower <br />The Trustee is Robert Schafer, Attorney, 114 North 6 Beatrice, NE 68310. <br />The Beneficiary is the Center for Rural Affairs, also known as Lender. <br />Beneficiary's address is P.O. Box 136, Lyons NE 68038 -0136. <br />Borrowers irrevocably convey to Trustee, in Trust, with power of sale, the following: <br />together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. <br />Borrowers owe Lender $15, 000.00 (Fifteen Thousand Dollars), evidenced by Borrowers' Note of <br />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 <br />other sums, with interest, advanced under the provisions hereafter to protect the security and the <br />perfomancy of Borrowers, covenants and agreements. <br />Borrowers covenant that Borrowers are lawfully seized of such real estate and have the legal <br />power and lawful authority to convey the same and warrant and will defend title to the real estate against the <br />lawful claims of all persons. <br />1. Borrowers 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 <br />made by Lender and then to interest due and last to principal due. <br />3. Borrowers shall pay all general real estate taxes and special assessments against the property <br />before the same become delinquent. <br />4. If Lender determines that any part of the property is subject to a lien, which is or may attain <br />priority over this security instrument, Lender may give Borrowers a notice identifying the <br />lien and Borrowers shall satisfy the lien within ten (10) days. <br />5. Borrowers shall keep the improvements on said premises insured against loss by fire and <br />hazards included within the term "extended coverage ", for their insurable value and policies <br />for the same shall include a standard mortgage clause showing Lender herein. In event of <br />loss, Lender may make proof of loss if not promptly made by Borrowers. Insurance proceeds <br />shall be applied to restoration or repair of the property damaged, unless both parties <br />otherwise agree, except if restoration or repair is not economically feasible or Lender's <br />security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or <br />not then due. <br />Unless Lender and Borrowers otherwise agree in writing, any payments or proceeds from <br />insurance shall not extend or postpone the due date of the monthly payments provided in said <br />Note, or change the amount of the payments. <br />0) <br />INS <br />aa' <br />