|
41
<br />°C1
<br />0
<br />r
<br />M
<br />C
<br />Z
<br />v
<br />n N
<br />M D
<br />X =
<br />F
<br />2 D
<br />M CA
<br />l
<br />r ^�
<br />rn
<br />M
<br />0
<br />200410228 DEED OF TRUST
<br />This DEED OF TRUST is made on .2-0 , 2004
<br />The TRUSTOR is
<br />ADDRESS:
<br />The TRUSTEE is
<br />ADDRESS
<br />The BENEFICIARY is
<br />ADDRESS:
<br />Walnut Housing, Ltd.
<br />5631 So. 48`" St. Suite 220
<br />Lincoln, Ne. 68516
<br />Lincoln Federal Savings Bank
<br />1101 `N' St.
<br />Lincoln, NE 68508
<br />Trinity United Methodist Church
<br />511 N. Elm Street
<br />Grand Island, Ne. 68501
<br />o M
<br />N Fir
<br />0
<br />O
<br />S
<br />N
<br />O
<br />N
<br />N (p
<br />0
<br />Z
<br />0
<br />--PC ' dc
<br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following:
<br />Units A, B, C, D, E, F, G, H, I, and J, Old Walnut, a Condominium, in the City of Grand Island, Hall County, Nebraska, according to the
<br />Declaration recorded December 12, 2003, at Instrument No. 200315961, and Supplemental Declaration of Old Walnut, aCondominium, dated
<br />April 22, 2004, recorded April 29, 2004 at Instrument No. 200404208, and Corrective Amendment to the Declaration of Old Walnut, a
<br />Condominium, dated June 17, 2004, recorded June 24, 2004 at Instrument No. 200406274 together with an undivided interest in the common
<br />elements as described in the Declaration to be appurtenant to such Unit.
<br />together with all buildings and improvements thereon, and all the rents and profits therefrom and subject to easements and
<br />restrictions of record, if any.
<br />Trustor owes Beneficiary three hundred thousand Dollars ($300,000) evidenced by Trustor's note dated of even date, payable
<br />according to the terms thereof.
<br />This Security Instrument secures to Beneficiary the Debt evidenced by said note and the payment of all other sums, with interest,
<br />advanced under the provisions hereafter to protect the security and the performance of Trustor's covenants and agreements with
<br />beneficiary.
<br />Trustor covenants that Trustor is lawfully seized of such real estate and has the legal power and lawful authority to convey the same
<br />and warrants and will defend title to the real estate against the lawful claims of all persons. This deed of trust shall be subordinate to
<br />two deeds of trust, one in favor of Lincoln Federal Savings Bank, the other the Community Redevelopment Authority of Grand
<br />Island, Nebraska. Such deeds of trust and any other loan documents entered into in connection therewith are called the "Senior Loan
<br />Documents ".
<br />TRUSTOR AND BENEFICIARY AGREE AS FOLLOWS:
<br />I . Trustor shall pay, when due, the principal and interest as provided in said note and such other sums, when due, that come
<br />due under this Agreement.
<br />2. All payments received by Beneficiary shall be first applied to advances which may have been made by Beneficiary and then
<br />to interest due and last to principal due.
<br />Ul S 1� �z 6 ;�-z
<br />Y�
<br />s
<br />o -�
<br />C D
<br />n
<br />Z
<br />rn
<br />M
<br />� o
<br />O
<br />+�
<br />rn
<br />13
<br />r—
<br />r n
<br />O
<br />D
<br />U1
<br />Vn
<br />Cn
<br />o M
<br />N Fir
<br />0
<br />O
<br />S
<br />N
<br />O
<br />N
<br />N (p
<br />0
<br />Z
<br />0
<br />--PC ' dc
<br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following:
<br />Units A, B, C, D, E, F, G, H, I, and J, Old Walnut, a Condominium, in the City of Grand Island, Hall County, Nebraska, according to the
<br />Declaration recorded December 12, 2003, at Instrument No. 200315961, and Supplemental Declaration of Old Walnut, aCondominium, dated
<br />April 22, 2004, recorded April 29, 2004 at Instrument No. 200404208, and Corrective Amendment to the Declaration of Old Walnut, a
<br />Condominium, dated June 17, 2004, recorded June 24, 2004 at Instrument No. 200406274 together with an undivided interest in the common
<br />elements as described in the Declaration to be appurtenant to such Unit.
<br />together with all buildings and improvements thereon, and all the rents and profits therefrom and subject to easements and
<br />restrictions of record, if any.
<br />Trustor owes Beneficiary three hundred thousand Dollars ($300,000) evidenced by Trustor's note dated of even date, payable
<br />according to the terms thereof.
<br />This Security Instrument secures to Beneficiary the Debt evidenced by said note and the payment of all other sums, with interest,
<br />advanced under the provisions hereafter to protect the security and the performance of Trustor's covenants and agreements with
<br />beneficiary.
<br />Trustor covenants that Trustor is lawfully seized of such real estate and has the legal power and lawful authority to convey the same
<br />and warrants and will defend title to the real estate against the lawful claims of all persons. This deed of trust shall be subordinate to
<br />two deeds of trust, one in favor of Lincoln Federal Savings Bank, the other the Community Redevelopment Authority of Grand
<br />Island, Nebraska. Such deeds of trust and any other loan documents entered into in connection therewith are called the "Senior Loan
<br />Documents ".
<br />TRUSTOR AND BENEFICIARY AGREE AS FOLLOWS:
<br />I . Trustor shall pay, when due, the principal and interest as provided in said note and such other sums, when due, that come
<br />due under this Agreement.
<br />2. All payments received by Beneficiary shall be first applied to advances which may have been made by Beneficiary and then
<br />to interest due and last to principal due.
<br />Ul S 1� �z 6 ;�-z
<br />
|