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P rr When Recorded Mail To: MOUNTAIN WEST FINANCIAL, INC 1902 ORANGE TREE LANE #140 REDLANDS, 92374 /\ -mrt !i D _ l / z �n rn D f� 7C a [Space Above This Line For Recording Datal M rrl U-) cn V t_1 rrn N rn Cn CID V/ O z --� rn o C:) cD �i z CD = rt ;n 1� w t� r c' v' x o n c co TORRES LOAN NUMBER: 0501017 DEED OF TRUST CAE NUMBER: 32112093463 - 703 THIS DEED OF TRUST ( "Security Instrument ") is made DECEMBER 21, 2000 The trustor is o MARY G. TORRES, A SINGLE WOMAN ( "Borrower "). The trustee is FIRST AMERICAN TITLE INSURANCE COMPANY ( "Trustee "). The beneficiary is MOUNTAIN WEST FINANCIAL, INC. a corporation which is organized and existing under the laws of CALIFORNIA and whose address is 1902 ORANGE TREE LANE #140 REDLANDS, 1902 ORANGE TREE LANE #140 92374 ( "Lender "). Borrower owes Lender the principal sum of FIFTY —EIGHT THOUSAND NINE HUNDRED SIXTY —NINE AND 00 /100 Dollars (U.S. $ 58, 969. 00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on JANUARY 1, 2031 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender the following described property located in HALL County, Nebraska: LOT EIGHT (8), IN ABRAHAMSON'S SUBDIVISION NUMBER 3, TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. which has the address of 612 WEST 16TH STREET, GRAND ISLAND [street, City], Nebraska 68801 [zip Code] ( "Property Address "); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. FHA Nebraska Deed of Trust - 2/91 DOCU2NEI Page l of 6 D0CU2NEI.VTX 05/02/2000