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<br />DEED OF TRUST
<br />611-700
<br />(Page 1 of 5) G
<br />= IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN -END AND SECURES FUTURE ADVANCES.
<br />THIS DEED OF TRUST is made this 26TH day of OCTOBER , 20 01 , among the Grantor,
<br />ELIAS SERRATO AND JOSEFINA SERRATO HUSBAND AND WIFE
<br />(herein "Borrower "), AMERICAN PIONEER TITLE INSURANCE COMPANY
<br />(herein "Trustee ") and the Beneficiary, BENEFICIAL NEBRASKA I NC . D / B / A BENEFICIAL MORTGAGE CO,
<br />a corporation organized and existing under the law of NEBRASKA whose address is
<br />2604 ST PATRICK, STE '7, GRAND ISLAND, NE 68803
<br />(herein "Lender")
<br />The following paragraph preceded by a checked box is applicable.
<br />j x� WHEREAS, Borrower is indebted to Lender in the principal sum of $ 14 , 608.54
<br />eVl enced by Borrower's Loan Agreement dated OCTOBER 26, 2001 and any extensions or renewals thereof
<br />including those pursuant to any Renegotiable Rate Agreement herein "Note"), providing for monthly installments of
<br />principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on OCTOBER 26, 2016
<br />WHEREAS, Borrower is indebted to Lender in the principal sum of $ , or so much thereof
<br />as may be advanced pursuant to Borrower's Revolving LoanAgreement dated and
<br />extensions and renewals thereof (herein "Note "), providing for monthly installments, and interest at the rate and under
<br />the terms specified in the Note,including any adjustments in the interest rate if that rate is variable,and providing for a
<br />credit limit stated in the principal sum above and an initial advance of $ ;
<br />TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note,
<br />with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the
<br />contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in
<br />accordance herewith to protect the security of this Deed of Trust; and the performance of the convenants and
<br />agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust with power of sale, the following described property
<br />located in the County of HALL State of Nebraska:
<br />LOT 15, IN ISLAND ACRES NO. -7, A SUBDIVISION OF PART OF
<br />FRACTIONAL SECTION -7, PART OF THE WEST HALF OF THE WEST
<br />HALF OF SECTION 8, AND PART OF LOT 24, ISLAND ACRES, ALL IN
<br />TOWNSHIP 11 NORTH, RANGE 9 WEST OF THE 6TH P.M. IN THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />01 -01 -00 DOT 11111111111111111111111111111111111111111111111111111IN1111111111111111111111III1111111111111111111111IN11111111111111111111111111111111111111111
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<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />611-700
<br />(Page 1 of 5) G
<br />= IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN -END AND SECURES FUTURE ADVANCES.
<br />THIS DEED OF TRUST is made this 26TH day of OCTOBER , 20 01 , among the Grantor,
<br />ELIAS SERRATO AND JOSEFINA SERRATO HUSBAND AND WIFE
<br />(herein "Borrower "), AMERICAN PIONEER TITLE INSURANCE COMPANY
<br />(herein "Trustee ") and the Beneficiary, BENEFICIAL NEBRASKA I NC . D / B / A BENEFICIAL MORTGAGE CO,
<br />a corporation organized and existing under the law of NEBRASKA whose address is
<br />2604 ST PATRICK, STE '7, GRAND ISLAND, NE 68803
<br />(herein "Lender")
<br />The following paragraph preceded by a checked box is applicable.
<br />j x� WHEREAS, Borrower is indebted to Lender in the principal sum of $ 14 , 608.54
<br />eVl enced by Borrower's Loan Agreement dated OCTOBER 26, 2001 and any extensions or renewals thereof
<br />including those pursuant to any Renegotiable Rate Agreement herein "Note"), providing for monthly installments of
<br />principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on OCTOBER 26, 2016
<br />WHEREAS, Borrower is indebted to Lender in the principal sum of $ , or so much thereof
<br />as may be advanced pursuant to Borrower's Revolving LoanAgreement dated and
<br />extensions and renewals thereof (herein "Note "), providing for monthly installments, and interest at the rate and under
<br />the terms specified in the Note,including any adjustments in the interest rate if that rate is variable,and providing for a
<br />credit limit stated in the principal sum above and an initial advance of $ ;
<br />TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note,
<br />with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the
<br />contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in
<br />accordance herewith to protect the security of this Deed of Trust; and the performance of the convenants and
<br />agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust with power of sale, the following described property
<br />located in the County of HALL State of Nebraska:
<br />LOT 15, IN ISLAND ACRES NO. -7, A SUBDIVISION OF PART OF
<br />FRACTIONAL SECTION -7, PART OF THE WEST HALF OF THE WEST
<br />HALF OF SECTION 8, AND PART OF LOT 24, ISLAND ACRES, ALL IN
<br />TOWNSHIP 11 NORTH, RANGE 9 WEST OF THE 6TH P.M. IN THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />01 -01 -00 DOT 11111111111111111111111111111111111111111111111111111IN1111111111111111111111III1111111111111111111111IN11111111111111111111111111111111111111111
<br />NFnn7QAI
<br />
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