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<br /> 99 10 � 60 �
<br /> DEED OF TRUST
<br /> � �THIS DEED OF TRUST ia made as of the ��"day of June, 1999, by and
<br /> among ROBERTO MACIAS and MARIA MACIAS, husband and wife, ("TRUSTOR") , whoae �
<br /> mailing address is: 721 Eaat 15th Street, Grand Island, Nebraska 68801 and �
<br /> EARL D. AHLSCHWEDE, Attorney at Law, ("TRUSTEE"), whose mailing address ia: P. ��
<br /> O. Box 2300, Grand Island, Nebraska 68802 and Grand Island Area Habitat for
<br /> Humanity, Inc. , a Nebraska Corporation, ("BENEFICIARY") , whose mailing address
<br /> is: P. O. Box 1001, Grand Island, Nebraska 68802.
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and
<br /> assigna to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security
<br /> of Beneficiary, under and subject to the terms and conditions of this Deed of
<br /> Trust, the real property located in the County of Hall, State of Nebraska, and
<br /> legally described as follows: (the "Property") :
<br /> Lot Five (5) , Block Fourteen (14) , Meth's Addition to
<br /> the City of Grand Island, Hall County, Nebraska.
<br /> TOGETHER WITH all rents, easements, appurtenances, hereditaments,
<br /> interesta in adjoining roads, streets and alleys, improvements and buildings
<br /> of any kind situated thereon and all personal property that may be or
<br /> hereafter become an integral part of such buildings and improvements.
<br /> The property and the entire estate and interest conveyed to the Truatee
<br /> are referred to collectively as the "Trust Estate".
<br /> FOR THE PURPOSE OF SECURING:
<br /> a. Payment of indebtedness in the total principal amount of $43,447.12, �
<br /> with no interest thereon, as evidenced by the certain Promissory Note of even �
<br /> date (the "Note") with a maturity date of June 1, 2019, executed by Trustor,
<br /> which has been delivered and is payable to the order of Beneficiary, and which
<br /> by this reference is hereby made a part hereof, and any and all modifications,
<br /> extensions and renewals thereof, and,
<br /> b. Payment of all sums advanced by Beneficiary to protect the Trust
<br /> Estate, with no interest thereon.
<br /> This Deed of Trust, the Note, and any other instrument given to evidence
<br /> or further secure the payment and performance of any obligation secured hereby
<br /> are referred to collectively as the "Loan Instruments".
<br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br /> 1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal
<br /> of, and the interest on, the indebtedness evidenced by the Note, charges, fees
<br /> and all other sums as provided in the Loan Instruments.
<br /> 2. TAXES. Trustor ahall pay each installment of all taxes and special
<br /> assessmenta of every kind, now or hereafter levied against the Trust Estate or
<br /> any part hereof, before delinquency, without notice or demand, and shall
<br /> provide Beneficiary with evidence of the payment of same. Trustor shall pay
<br /> all taxes and assessments which may be levied upon Beneficiary's interest
<br /> herein or upon this Deed of Truat or the debt secured hereby, without regard
<br /> to any law that may be enacted imposing payment of the whole or any part
<br /> thereof upon the Beneficiary.
<br /> 3. INSURANCE AND REPAIRS. Truetor shall maintain fire and extended
<br /> coverage insurance insuring the improvements and buildings constituting part
<br /> of the Trust Estate for an amount no less than the amount of the unpaid
<br /> principal balance of the Note (co-insurance not exceeding 80� permitted) .
<br /> Such insurance policy shall contain a standard mortgage clause in favor of
<br /> Beneficiary and shall not be cancelable, terminable, or modifiable without ten
<br /> (10) days prior written notice to Beneficiary. Trustor shall promptly repair,
<br /> maintain and replace the Trust Estate or any part thereof so that, except for
<br /> ordinary wear and tear, the Trust Estate ahall not deteriorate. In no event
<br /> shall the Trustor commit waste on or to the Trust Estate.
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