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200108368 [Space Above This Line For Recording Data] RANIREZ LOAN NUMBER: 0516020 DEED OF TRUST CASE NUMBER: 321 - 2135919 - 703 THIS DEED OF TRUST ( "Security Instrument ") is made AUGUST 15, 2001 The trustor is MARTIN RAMIREZ RAMIREZ, A SINGLE MAN ( "Borrower "). The trustee is FIRST AMERICAN TITLE INSURANCE COMPANY ( "Trustee "). The beneficiary is MOUNTAIN WEST FINANCIAL, INC. a corporation which is organized and existing under the laws of CALIFORNIA and whose address is 1902 ORANGE TREE LANE #140 REDLANDS, 1902 ORANGE TREE LANE #140 92374 ( "Lender "). Borrower owes Lender the principal sum of EIGHTY —EIGHT THOUSAND SEVEN HUNDRED NINETY —EIGHT AND 00 /100 Dollars (U.S. $ 88, 798.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on SEPTEMBER 1, 2031 This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreemerfts under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender the following described property located in HALL County, Nebraska: The Easterly One -Half (E 1/2) of Lots One (1) and Two (2), in Block Twenty -Two (221, in Packer and Barr's Second Addition to the City of Grand Island, Nebraska according to the recorded plat thereof. which has the address of 2304 WEST BLAKE STREET, GRAND ISLAND [Street, City], Nebraska 68803 [Zip Code] ( "Property Address "); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." 9 BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. FHA Nebraska Deed of Trust - 2/91 DOCU2NE1 Page 1 of 6 D0CU2XE1.VT2: 12/21/2000