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<br />TRUST DEED �i
<br />and Janice Nance, hu band 8SL74
<br />THIS DEED OF TRUST is made on June 16, 2004. The Trustor is William M. Nance,
<br />a married person, whose address is 940 South Pine, Grand Island, Nebraska 68801. The
<br />Trustee is Kevin A. Brostrom, an attorney licensed in the State of Nebraska, whose address is
<br />P.O. Box 400, Grand Island, Nebraska 68802 (" ustee "). The be eficiary is Martha Paredes
<br />whose address is U , 3 c, Z L-V w00- C1 1i'Lender "). Borrower owes Ct 0 Z3
<br />Lender the principal sum of Three Thousand Four Hundred Ni ety -five Dollars ($3,495.00). This
<br />debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "),
<br />which provides for monthly payments. The Security Instrument secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and
<br />modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
<br />and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust,
<br />with power of sale, the following described property located in Hall County, Nebraska:
<br />Lot Ten (10), in Block Three (3), of Gilbert's Second Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and
<br />all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits,
<br />water rights and stock and all fixtures now or hereafter a part of the property. All replacements
<br />and additions shall also be covered by this Security Instrument. All of the foregoing is referred
<br />to in this Security Instrument as the "Property ".
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby
<br />conveyed and has the right to grant and convey the Property and that the Property is
<br />unencumbered, except for encumbrances of record. Borrower warrants and will defend
<br />generally the title to the Property against all claims and demands, subject to any encumbrances
<br />of record.
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall
<br />promptly pay when due the principal of and interest on the debt evidenced by the Note and any
<br />prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Borrower agrees to pay for all real estate taxes
<br />and insurance as they become due.
<br />3. Application of Payments. All payments received by Lender under paragraph 1
<br />shall be applied: first, to late charges due under the Note; second, to prepayment charges due
<br />under the Note; third, to interest due; and, last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and
<br />impositions attributable to the Property which may attain priority over this Security Instrument.
<br />Borrower shall pay them on time directly to the person owed payment. When Borrower makes
<br />these payments directly, Borrower shall promptly furnish to Lender receipts evidencing the
<br />payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by
<br />the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defend
<br />against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
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<br />TRUST DEED �i
<br />and Janice Nance, hu band 8SL74
<br />THIS DEED OF TRUST is made on June 16, 2004. The Trustor is William M. Nance,
<br />a married person, whose address is 940 South Pine, Grand Island, Nebraska 68801. The
<br />Trustee is Kevin A. Brostrom, an attorney licensed in the State of Nebraska, whose address is
<br />P.O. Box 400, Grand Island, Nebraska 68802 (" ustee "). The be eficiary is Martha Paredes
<br />whose address is U , 3 c, Z L-V w00- C1 1i'Lender "). Borrower owes Ct 0 Z3
<br />Lender the principal sum of Three Thousand Four Hundred Ni ety -five Dollars ($3,495.00). This
<br />debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "),
<br />which provides for monthly payments. The Security Instrument secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and
<br />modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
<br />and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust,
<br />with power of sale, the following described property located in Hall County, Nebraska:
<br />Lot Ten (10), in Block Three (3), of Gilbert's Second Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and
<br />all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits,
<br />water rights and stock and all fixtures now or hereafter a part of the property. All replacements
<br />and additions shall also be covered by this Security Instrument. All of the foregoing is referred
<br />to in this Security Instrument as the "Property ".
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby
<br />conveyed and has the right to grant and convey the Property and that the Property is
<br />unencumbered, except for encumbrances of record. Borrower warrants and will defend
<br />generally the title to the Property against all claims and demands, subject to any encumbrances
<br />of record.
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall
<br />promptly pay when due the principal of and interest on the debt evidenced by the Note and any
<br />prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Borrower agrees to pay for all real estate taxes
<br />and insurance as they become due.
<br />3. Application of Payments. All payments received by Lender under paragraph 1
<br />shall be applied: first, to late charges due under the Note; second, to prepayment charges due
<br />under the Note; third, to interest due; and, last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and
<br />impositions attributable to the Property which may attain priority over this Security Instrument.
<br />Borrower shall pay them on time directly to the person owed payment. When Borrower makes
<br />these payments directly, Borrower shall promptly furnish to Lender receipts evidencing the
<br />payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by
<br />the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defend
<br />against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
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