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Iiiimmimsawss <br />Return to: <br />Rural Investment Corporation <br />$O Box 136 <br />1 /Lyons, NE 68038 <br />7 Z <br />DEED OF TRUST <br />THIS DEED OF TRUST is made on Anril 4, 201$ <br />-zj <br />The Trustors are Cesar L. Martinez and Maria L. Urias Fortino, Husband and Wife a/k/a <br />Borrower <br />The Trustee is Daniel A. Smith, Attorney At Law, P.O. Box 250, Lyons, NE 68038 -0250 <br />The Beneficiary is the Rural Investment Corporation, also known as Lender. <br />Beneficiary's address is P.O. Box 136, Lyons NE 68038 -0136. Borrowers irrevocably convey to <br />Trustee, in Trust, with power of sale, the following: <br />Lots 44 and 45, Belmont Addition to 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 />Borrowers owe Lender $40,000.00 (Fourtv Thousand and No One Hundred Dollars), <br />evidenced by 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 <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 />BORROWERS AND LENDERS AGREE AS FOLLOWS: <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 />1 <br />