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a r r � t_ M n cZ) -.-j m m o A r rr y � � n (lot N � CF) v' TRUST DEED THIS DEED OF TRUST is made on November 12, 2004. The Trustor is Elizabeth A Garduno, a single person whose address is 2305 Viking Court, Grand Island Nebraska 68803 ( "Borrower'). The Trustee is Gary D. Byrne, a member of the Nebraska Bar Association, whose address is 503 W Koenig Street, Grand Island Nebraska 68801 ( "Trustee "). The beneficiaries are Don Mason and Doris Mason, husband and wife, whose address is1018 Kennedy Drive, Grand Island Nebraska 68803 ( "Lenders "). Borrower owes Lenders the principal sum of Thirty Thousand Dollars ($30,000.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for monthly payments. The Security Instrument secures to Lenders: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in Hall County Nebraska: Lot 17, Block 14 Ashton Place, Grand Island, Hall County, Nebraska TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the forgoing is referred to in this Security Instrument as the "Property ". BORROWER COVENANT that Borrower is lawfully seized of the estate hereby conveyed and have the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. COVENANTS. Borrower and Lenders covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Funds for Taxes and Insurance. Borrower agrees to pay for all real estate taxes and insurance as they become due. 3. Application of payments. All payments received by Lenders under paragraph 1 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the Note; third, to interest due; and, last, to principal due. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property, which may attain priority over this Security Instrument. Borrower shall pay them on time directly to the person owed payment. When Borrower makes these payments directly, Borrower shall promptly furnish to Lenders receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Security m o � N 0 O F-4 s� co fD CD r-" Z O 1�\