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(Space Above This Line for Recording Data) <br />DEED OF TRUST <br />THIS DEED OF TRUST is made on the 14 day of August, 2020. The Trustor is Ariel <br />Ann Tjaden whose address is 814 N. Washington Grand Island, Nebraska 68801. ("Borrower"). <br />The Trustee is McDermott Family Limited Partnership. ("TRUSTEE") The Beneficiary is <br />McDermott Family Limited Partnership, which is organized and existing under the laws of State <br />of Nebraska, and whose address is 923 Austin Avenue Grand Island, NE 68801 ("Lender"). <br />Borrowers owes Lender the principal sum of One Hundred Six Thousand, Five Hundred and <br />00/000. (U.S. $106,500.00) <br />This deb is evidence by Borrower's note dated the same date as this Security Instrument <br />("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and <br />payable on September 14, 2030. <br />This security instrument secures to the Lender: (a) the repayment of the debt evidenced <br />by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the <br />payment of all other sums, with interest, advanced under paragraph 7 to protect the security of <br />this Security Instrument; and (c) the performance of the Borrower's covenants and agreements. <br />For this purpose, Borrow irrevocably grants and conveys trustee, in trust, with power of sale; the <br />following described property located in Hall County, Nebraska: <br />The Southerly 50 feet of Fractional Lots One (1) an Two (2), Fractional Block Five (5), <br />Wallich's Addition to the city of Grand Island, Hall County, Nebraska being a rectangular <br />tract of ground having an Easterly frontage of 50 feet on Washington Street in said city and <br />depth of 105.6 feet, and bounded on the South by the alley in said Block. <br />TOGETHER WITH all the improvements no or hereafter erected on the property, and all <br />easements, appurtenances and fixtures now or hereafter a part of the property. All replacements <br />and additions shall also be covered by this Security Instrument. All of the foregoing is referred <br />to in this Security Instrument as the "Property". <br />BORROWER COVENANTS that the Borrower is lawfully seized of the estate hereby <br />conveyed and has the right to grant and convey the Property and that the Property s <br />unencumbered, except for the encumbrances of record. Borrower warrants and will defend <br />generally the title to the Property against all claims and demands, subject to any encumbrances of <br />record. <br />THE SECURITY INSTRUMENT combines uniform covenants for national use and non- <br />uniform covenants with limited variations by jurisdiction to constitute a uniform security <br />instrument covering real property. <br />UNIFORMED COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower <br />shall promptly pay when due the principal and interest on the debt evidenced by the Note and <br />any prepayment and late charges due under the Note. <br />2. Funds for Taxes and Insurance. Subject to applicable law or to a waiver by Lender, <br />Borrower shall pay to Lender on the day monthly payments are due under the Note, until the <br />Note is paid in full, a sum ("Funds") for: (a) yearly taxes and assessments which may attain <br />priority over this Security Instrument as a lien on the Property' (b) yearly leasehold payments or <br />—1- <br />D <br />CD <br />C7 <br />-ti <br />'J <br />cn <br />4V° <br />