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200411203
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of
<br />HALL , State of Nebraska:
<br />FRACTIONAL LOT THREE (3), IN FRACTIONAL BLOCK ONE HUNDRED
<br />TWENTY -TWO (122), OF UNION PACIFIC RAILWAY COMPANY'S SECOND
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />AND ITS COMPLEMENT, TO WIT: FRACTIONAL LOT THREE (3), IN
<br />FRACTIONAL BLOCK SEVENTEEN (17), OF H.G. CLARK'S ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />"THIS IS A PURCHASE MONEY DEED OF TRUST."
<br />which has the address of 517 W 8TH ST [Street]
<br />GRAND ISLAND [city], Nebraska 68801 [ZIP Code] (herein "Property Address ");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply such
<br />rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the
<br />foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter
<br />referred to as the "Property". Borrower understands and agrees that MERS holds only legal title to the interests granted
<br />by Borrower in this Deed of Trust; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and
<br />Lender's successors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the
<br />right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing
<br />or canceling this Deed of Trust.
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br />NOVEMBER 15 , 2004 and extensions and renewals thereof (herein "Note "), in the principal sum of
<br />U.S. $ 3,995.00 , with interest thereon, providing for monthly installments of principal and interest,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on DECEMBER 1, 2014 ;
<br />the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed
<br />of Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants
<br />that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in
<br />full, a sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including condominium and
<br />planned unit development assessments, if any) which may attain priority over this Deed of Trust, and ground rents on
<br />the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus one - twelfth of yearly
<br />premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make
<br />such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or
<br />deed of trust if such holder is an institutional lender.
<br />Initials:
<br />76N(NE) (0204) Page 2 of 7 Form 3828
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