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202102602
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3/30/2021 4:03:01 PM
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3/30/2021 4:03:00 PM
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DEEDS
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202102602
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Return to: Rural Investment Corporation <br />PO Box 136, Lyons, NE 68038 <br />DEED OF TRUST <br />202102602 <br />THIS DEED OF TRUST is made on 3/30/2021 <br />The Trustor is Latino Auto Sales, LLC, 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 Rural Investment Corporation, also known as Lender. <br />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 One (1), in Block Thirty (30), of the Original Town, now the City of Grand Island, <br />Nebraska, Hall County, according to the recorded plat thereof, excepting that part thereof: <br />A tract of ground situated on said Lot One (1) more particularly described as: <br />Commencing at the Southeast corner of said Lot, thence running along the East line of said <br />Lot, 43 feet, thence at right angles West 44 feet, thence at right angles South 7 feet, thence <br />at right angles West to the West boundary line of said Lot One (1), thence South <br />along the West boundary line of said Lot One (1) to the Southwest corner of said Lot, <br />thence East along the South boundary line of said Lot One (1) to the place of beginning. <br />Lot Two (2), in Block Thirty (30), in the Original Town, now City of Grand Island, Hall <br />County, Nebraska. <br />together with all the rents and profits therefrom and subject to easements and restrictions of <br />record, if any. <br />Borrower owes Lender $145,000.00 (One Hundred Forty Five Thousand Dollars and no <br />cents), 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 />performance of Borrower, covenants and agreements. <br />Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power <br />and lawful authority to convey the same and warrant and will defend title to the real estate <br />against the lawful claims of all 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 <br />made by Lender and then to interest due and last to principal due. <br />1 <br />
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