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201905269 <br />.1/ <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 August 23, 2019. <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 $20,000.00 (Twenty 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 />