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CDS Inspections & Beyond <br />Randy & Leigh Alexander <br />53506 862 Road <br />Plainview, NE 68769-2118 <br />m <br />nn <br />, => <br />- n <br />c _ <br />n n <br />x <br />m D v, <br />n to .' <br />x_ <br />1 i <br />r,, <br />r,1 <br />Cl 1 <br />rJ <br />f <br />N <br />Co <br />N <br />CLQ <br />DEED OF TRUST <br />68801. <br />THIS DEED OF TRUST is made on March 24, 2021 <br />The Trustors are Jeanette M. Anderson, a single person, also known as Borrowers. <br />The Trustee is the Susan Koenig, Attorney -at -Law, 308 N. Locust St., Suite #306, Grand Island, NE <br />The Beneficiary is City of Wood River, also known as Lender. <br />Beneficiary's address is P.O. Box 8, Wood River, NE 68883-0008. <br />Borrowers irrevocably convey to Trustee, in Trust, with power of sale, the following: <br />Lot 4, Block D, First Addition to the Village of Wood River, 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 up to $25,000.00, evidenced by Borrowers' Note of even date, payable according to <br />the terms thereof. <br />This Security Instrument secures to Lender the Debt evidenced by said Note, the payment of all other <br />sums, with interest, advanced under the provisions hereafter to protect the security and the performancy of <br />Borrowers' covenants and agreements. <br />Borrowers covenant that Borrowers are lawfully seized of such real estate and have the legal power and <br />lawful authority to convey the same and warrant and will defend title to the real estate against the lawful claims of <br />all persons. <br />BORROWERS AND LENDER 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 made by <br />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 before <br />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 priority over <br />this security instrument, Lender may give Borrowers a notice identifying the lien and Borrowers shall satisfy the lien <br />within ten (10) days. <br />5. Borrowers shall keep the improvements on said premises insured against loss by fire and hazards <br />included 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 promptly <br />made by Borrowers. Insurance proceeds shall be applied to restoration or repair of the property damaged, unless <br />both parties otherwise agree, except if restoration or repair is not economically feasible or Lender's security is not <br />lessened, otherwise said proceeds shall be paid m the debt herein, whether or not then due. Lender shall be listed <br />on such insurance policy as "Loss Payee". <br />Page 1 of 3 <br />