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<br />( "Borrower "). The trustee is TICOR TITLE INSURANCE CO.
<br />( "Trustee "). The beneficiary is Mortgage Electronic Registration Systems, Inc. ("MERS ") (solely as nominee for Lender, as
<br />hereinafter defined, and Lender's successors and assigns). MFRS is organized and existing under the laws of Delaware, and
<br />has an address and telephone number of Post Office Box 2026, Flint, Michigan 485042026, telephone (888)679 -MERS.
<br />CHERRY CREEK MORTGAGE CO., INC.
<br />which is organized and existing under the laws of THE STATE OF COLORADO , and whose address is
<br />7600 E. ORCHARD RD #250 -N GREENWOOD VILLAGE, 7600 E. ORCHARD RD #250 -N 80111
<br />( "Lender "). Borrower owes Lender the principal sum of
<br />SEVENTY -SIX THOUSAND EIGHT HUNDRED NINETY -TWO AND 00 /100
<br />Dollars(U.S.$ 76,892.00 ). This debt is evidenced by Borrower's note dated the same date as this Security
<br />Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on
<br />FEBRUARY 1, 2033 . This Security Instrument secures to Lender. (a) the repayment of the debt
<br />evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other
<br />sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower, in
<br />consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale,
<br />the following described property located in HALL County, Nebraska:
<br />LOT SIX (6) AND THE SOUTH ONE -HALF (SI /2) OF LOT FOUR (4), ALL IN BLOCK EIGHTEEN (18),
<br />IN COLLEGE ADDITION TO WEST LAWN, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />which has the address of 2215 NORTH LAFAYETTE AVENUE, GRAND ISLAND IStreeq C,Nj,
<br />Nebraska 68803 IzipCodc)( "Property Address ");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br />Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees
<br />that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply
<br />with law or custom, MERS (as entrance for Lender and Lender's successors and assigns) has the right: to exercise any or all of
<br />those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of
<br />Lender including, but not limited to, releasing or canceling this Security Instrument.
<br />FHA Nebraska Deed of Trust- 2/91
<br />o000Un-ni Pngc 1 of ]
<br />Don 1.ver 12/21/2000
<br />_n a
<br />When Recorded Mail To:
<br />m
<br />CHERRY CREEK MORTGAGE CO.,
<br />INC. rl
<br />D
<br />7600 S. ORCHARD RD #250 -N
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<br />GREENWOOD VILLAGE, CO 80111
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<br />[Space Above This Line For Recording Data
<br />ORNEWS
<br />WAN NUMBER:
<br />DEED OF TRUST
<br />SE 321
<br />CASE 321-2238922
<br />-22]2
<br />-003
<br />-
<br />100030:
<br />MIN: 1000302001fifi001725
<br />v p
<br />C
<br />THIS DEED OF TRUST ( "Security
<br />Instnmrent ") is made on JANUARY 31,
<br />2003
<br />,among the
<br />grantor
<br />SALVADOR ORNELAS, A SINGLE
<br />MAN AND REYNALDA MAGANA- LOPEZ, A SINGLE
<br />WOMAN
<br />( "Borrower "). The trustee is TICOR TITLE INSURANCE CO.
<br />( "Trustee "). The beneficiary is Mortgage Electronic Registration Systems, Inc. ("MERS ") (solely as nominee for Lender, as
<br />hereinafter defined, and Lender's successors and assigns). MFRS is organized and existing under the laws of Delaware, and
<br />has an address and telephone number of Post Office Box 2026, Flint, Michigan 485042026, telephone (888)679 -MERS.
<br />CHERRY CREEK MORTGAGE CO., INC.
<br />which is organized and existing under the laws of THE STATE OF COLORADO , and whose address is
<br />7600 E. ORCHARD RD #250 -N GREENWOOD VILLAGE, 7600 E. ORCHARD RD #250 -N 80111
<br />( "Lender "). Borrower owes Lender the principal sum of
<br />SEVENTY -SIX THOUSAND EIGHT HUNDRED NINETY -TWO AND 00 /100
<br />Dollars(U.S.$ 76,892.00 ). This debt is evidenced by Borrower's note dated the same date as this Security
<br />Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on
<br />FEBRUARY 1, 2033 . This Security Instrument secures to Lender. (a) the repayment of the debt
<br />evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other
<br />sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower, in
<br />consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale,
<br />the following described property located in HALL County, Nebraska:
<br />LOT SIX (6) AND THE SOUTH ONE -HALF (SI /2) OF LOT FOUR (4), ALL IN BLOCK EIGHTEEN (18),
<br />IN COLLEGE ADDITION TO WEST LAWN, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />which has the address of 2215 NORTH LAFAYETTE AVENUE, GRAND ISLAND IStreeq C,Nj,
<br />Nebraska 68803 IzipCodc)( "Property Address ");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br />Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees
<br />that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply
<br />with law or custom, MERS (as entrance for Lender and Lender's successors and assigns) has the right: to exercise any or all of
<br />those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of
<br />Lender including, but not limited to, releasing or canceling this Security Instrument.
<br />FHA Nebraska Deed of Trust- 2/91
<br />o000Un-ni Pngc 1 of ]
<br />Don 1.ver 12/21/2000
<br />
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