|
For Official Use Onl
<br />lir,r,li ur t xu � i
<br />20011330 I�--\S-
<br />d
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made on December 14, 2001.
<br />The Trustor is TRAN C. TRUONG and NHUNG T. PHAN, husband and wife, &Wa Borrower, whether one or more.
<br />The Trustee is CHARLES CUYPERS, City Attorney.
<br />The Beneficiary is THE CITY OF GRAND ISLAND, NEBRASKA, a municipal city corporation, a/k/a Lender.
<br />Borrower irrevocably conveys to Trustee, in trust, with power of sale, the following:
<br />Lot Six (6), Lincoln View Estates Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />Together with all the rents and profits therefrom and subject to easements and restrictions of record, if any.
<br />Borrower owes Lender Twelve Thousand Two Hundred Dollars ($12,200.00), evidenced by Borrower's note of
<br />even date, payable according to the terms thereof.
<br />This Security instrument secures to Lender the Debt evidenced by said note, the payment of all other sums, with
<br />interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's
<br />covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful authority
<br />to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons.
<br />This Deed of Trust shall be deemed subordinate to the Deed of Trust between the Borrower and Five Points Bank of
<br />Grand Island executed on December 14, 2001, which secures the balance of the debt for the purchase of the above
<br />described real estate.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />Borrower shall pay when due, the principal and interest as provided in said note.
<br />2. Borrower shall pay all general real estate taxes and special assessments against the property before the same
<br />become delinquent.
<br />3. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over this
<br />security instrument, Lender may give Borrower, a notice identifying the lien and Borrower shall satisfy the lien within 10
<br />days.
<br />M
<br />;
<br />C'e
<br />sir.►
<br />co
<br />a
<br />o
<br />c'> cn
<br />X
<br />M
<br />2
<br />F—
<br />O —i
<br />D
<br />>
<br />L.J
<br />r,,
<br />M
<br />�}
<br />CT)
<br />an
<br />°
<br />n
<br />r n
<br />r"
<br />ry
<br />cn
<br />cn
<br />co
<br />Cn
<br />lir,r,li ur t xu � i
<br />20011330 I�--\S-
<br />d
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made on December 14, 2001.
<br />The Trustor is TRAN C. TRUONG and NHUNG T. PHAN, husband and wife, &Wa Borrower, whether one or more.
<br />The Trustee is CHARLES CUYPERS, City Attorney.
<br />The Beneficiary is THE CITY OF GRAND ISLAND, NEBRASKA, a municipal city corporation, a/k/a Lender.
<br />Borrower irrevocably conveys to Trustee, in trust, with power of sale, the following:
<br />Lot Six (6), Lincoln View Estates Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />Together with all the rents and profits therefrom and subject to easements and restrictions of record, if any.
<br />Borrower owes Lender Twelve Thousand Two Hundred Dollars ($12,200.00), evidenced by Borrower's note of
<br />even date, payable according to the terms thereof.
<br />This Security instrument secures to Lender the Debt evidenced by said note, the payment of all other sums, with
<br />interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's
<br />covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful authority
<br />to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons.
<br />This Deed of Trust shall be deemed subordinate to the Deed of Trust between the Borrower and Five Points Bank of
<br />Grand Island executed on December 14, 2001, which secures the balance of the debt for the purchase of the above
<br />described real estate.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />Borrower shall pay when due, the principal and interest as provided in said note.
<br />2. Borrower shall pay all general real estate taxes and special assessments against the property before the same
<br />become delinquent.
<br />3. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over this
<br />security instrument, Lender may give Borrower, a notice identifying the lien and Borrower shall satisfy the lien within 10
<br />days.
<br />M
<br />;
<br />C'e
<br />sir.►
<br />co
<br />a
<br />
|