Laserfiche WebLink
ivy <br />W® <br />fir <br />summmomo <br />'OVUM '1'J <br />RE� &D TBE CO.CT <br />704 W. 3RD STREET <br />GRAND ISLAND, NE 68801 <br />FIRST DEED OF TRUST <br />r" <br />THIS DEED OF TRUST is made as of the I day of December, 2022, by and among Evelin <br />M. Garcia lxtabalan and Celbin Andres Gomez Perez, wife and husband, jointly and severally <br />("TRUSTORS"), whose mailing address is: 2085 Nelson Lane, Grand Island, Nebraska and DUANE A. <br />BURNS, Attorney at Law, ("TRUSTEE"), whose mailing address is: 308 North Locust Street, Suite 312, <br />Grand Island, Nebraska 68801-5984 and GRAND ISLAND AREA HABITAT FOR HUMANITY, INC., a <br />Nebraska Corporation, ("BENEFICIARY"), whose mailing address is: 502 W. 2nd Street, Grand Island, <br />Nebraska 68801. <br />FOR VALUABLE CONSIDERATION, Trustors irrevocably transfers, conveys, and assigns to <br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and <br />subject to the terms and conditions of this Deed of Trust, the real property located in the County of Hall, <br />State of Nebraska, and legally described as follows: (the "Property"): <br />Lot Twenty (20), Lassonde Third Subdivision, in the City of Grand Island, Hall County, Nebraska. <br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in adjoining <br />roads, streets and alleys, improvements and buildings of any kind situated thereon and all personal <br />property that may be or hereafter become an integral part of such buildings and improvements. <br />The property and the entire estate and interest conveyed to the Trustee are referred to <br />collectively as the "Trust Estate". <br />FOR THE PURPOSE OF SECURING: <br />a. Payment of indebtedness in the total principal amount of $144,751.11with no interest thereon, <br />as evidenced by the certain Promissory Note of even date (the "Note") with a maturity date of December <br />1, 2052 executed by Trustors which has been delivered and is payable to the order of Beneficiary, and <br />which by this reference is hereby made a part hereof, and any and all modifications, extensions and <br />renewals thereof, and, <br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with no interest <br />thereon. <br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the <br />payment and performance of any obligation secured hereby are referred to collectively as the "Loan <br />Instruments". <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br />1. PAYMENT OF INDEBTEDNESS. Trustors shall pay when due the principal of $144,751.11, <br />and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as <br />provided in the Loan Instruments. <br />2. TAXES. Trustors shall pay each installment of all taxes and special assessments of every <br />kind, now or hereafter levied against the Trust Estate or any part hereof, before delinquency, without <br />notice or demand, and shall provide Beneficiary with evidence of the payment of same. Trustors shall <br />pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed <br />of Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of <br />the whole or any part thereof upon the Beneficiary. <br />3. INSURANCE AND REPAIRS. Trustors shall maintain fire and extended coverage insurance <br />insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than <br />the amount of the unpaid principal balance of the Note (co-insurance not exceeding 80% permitted). <br />Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary and shall not be <br />cancelable, terminable, or modifiable without ten (10) days prior written notice to Beneficiary. Trustors <br />shall promptly repair, maintain and replace the Trust Estate or any part thereof so that, except for ordinary <br />O.1N3Wf.11SN1 Sal <br />