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\ . � �- n = DZ � � ' � � � 2 �' � � o -�-1 O r� �i � r-� i � O � r., C-, --� m � -� Ca e�D p `�: � O Tf � d ' � z m ►--• v� ' � n. �; n w 3 `'' '(X _� F--+ . , ' r � � �;, ,� � r"' n tV r;� a � rv 3 ,� t � vv � � �v � �-+� I cn `a� o DEED OF TRUST This DEED OF TRUST is made on the 30 day of�, 1998. The TRUSTOR is GI Cherry Park,Ltd.Two ADDRESS: P.O.Box 6036 r., ^ Lincoln,NE 68506 �� The TRUSTEE is Earl D.Ahlschwede,Esq.,NSBA# 10037 � ADDRESS: P.O.Box 2300 Grand Island,NE 68802-2300 The BENEFICIARY is Grand Island Area Housing Corporation ADDRESS: 415 S.Cherry Grand Island,NE 68801 Trustor inevocably conveys to Trustee,in Trust,with power of sale,the following: Block 1,GILI Second Subdivision,Grand Island,Hall County, Nebraska together with all buildings and improvements thereon,and all the rents and profits therefrom and subject to easements and restrictions of record,if any,and as set forth in paragraph 18. Trustor owes Beneficiary Three Hundred Ninety Thousand Dollars($390,000.00)evidenced by Trustor's note dated of even date herewith,payable according to the terms thereof. This security instrument secures to Beneficiary the debt evidenced by said note,the payment of future advances,attorney fees and the payment of all other sums,with interest advanced under the provisions herea$er to protect the security and the performance of Trustor's covenants and agreements. Trustor covenants that Trustor is lawful(y seized of such real estate and has the legal power and lawful authority to convey the same and wanants and will defend title to the real estate against the lawful claims of all persons. TRUSTOR AND BENEFICIARY AGREE AS FOLLOWS: 1. Trustor shall pay,when due,the principal and interest as provided in said note and such other sums,when due,that come due under this Agreement. 2. All payments received by Beneficiary shall be first applied to interest due and then to reduce principal. 3. Trustor shall pay all general real estate ta}ces and special assessments against the property before the same become delinquent. D:\WPDISKS\WPDATA�FRED\GILI2\GiLI2deedoftrust.wpd 1 Vintage Title& Eserow Co. 3710 Central Avenue PO Box 2596 Keamey, NE 68848-2596 �1��o� (,��'�Ch re�c��cied , �G�.t v��1 -� ;