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co CDS Inspections & Beyond Randy & Leigh Alexander 53506 862 Road / Plainview, NE 68769-2118 T (n (n N O r\) N.a c 0) CO DEED OF TRUST 68801. --1 rn rn cv Lel .CP THIS DEED OF TRUST is made on March 24, 2021 The Trustors are Kristy Jo Obermiller, a single person, also known as Borrowers. The Trustee is the Susan Koenig, Attorney -at -Law, 308 N. Locust St., Suite #306, Grand Island, NE The Beneficiary is City of Wood River, also known as Lender. Beneficiary's address is P.O. Box 8, Wood River, NE 68883-0008. Borrowers irrevocably convey to Trustee, in Trust, with power of sale, the following: Lots Two (2) and Three (3) in Block D, First Addition to Wood River, Hall County, Nebraska together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. Borrowers owe Lender up to $25,000.00, evidenced by Borrowers' Note of even date, payable according to the terms thereof. This Security Instrument secures to Lender the Debt evidenced by said Note, the payment of all other sums, with interest, advanced under the provisions hereafter to protect the security and the performancy of Borrowers' covenants and agreements. Borrowers covenant that Borrowers are lawfully seized of such real estate and have the legal power and lawful authority to convey the same and warrant and will defend title to the real estate against the lawful claims of all persons. BORROWERS AND LENDER AGREE AS FOLLOWS: 1. Borrowers shall pay when due, the principal and interest as provided in said Note. 2. All payments received by Lender shall be first applied to advances which may have been made by Lender and then to interest due and last to principal due. 3. Borrowers shall pay all general real estate taxes and special assessments against the property before the same become delinquent. 4. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over this security instrument, Lender may give Borrowers a notice identifying the lien and Borrowers shall satisfy the lien within ten (10) days. 5. Borrowers shall keep the improvements on said premises insured against loss by fire and hazards included within the term "extended coverage" for their insurable value and policies for the same shall include a standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss if not promptly made by Borrowers. Insurance proceeds shall be applied to restoration or repair of the property damaged, unless both parties otherwise agree, except if restoration or repair is not economically feasible or Lender's security is not lessened, otherwise said proceeds shall be paid m the debt herein, whether or not then due. Lender shall be listed on such insurance policy as "Loss Payee". Page 1 of 3