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200305706 <br />grantsand conveyto Trustel trust,with powerof sale thefollowingdescribepropertjocatedn theCountyol <br />Hall State of Nebraska: <br />LOT 1, BLOCK 2, IN SOTHMAN'S SUBDIVISION TO THE CITY <br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />which has the address gf104 S GREENWICH AVENUE [Street], <br />GRAND ISLAND [cityj , Nebraska 68801 [ZIP Code] (herein "Property Address ") <br />TOGETHEFWith all the improvementsow or hereafteerecteabn the propertyand all easementsights, <br />appurtenancaedrents( subjechowevetotherightsandauthoritiegivenhereirto Lenderto collecfandapplysuch <br />rents) allofwhichshalbedeemetbbeandremairapartofthepropertpoveredbythisDeecbfTrust;andallof the <br />foregoingtogethewith saidproperty or the leaseholdstatef this Deedof Trustis on a leaseholdare here inafter <br />referred to as the "Property "; <br />TO SECURIlo Lendetherepaymer¢tf theindebtedneesidencedy Borrower'siotedated <br />April 29th, 2003 and extensions and renewals thereof (herein "Note "), in the principal sum <br />U.S. $ 20, 000.00 with interest thereon, providing for monthly installments of principal and intere <br />with the balance of the indebtedness, if not sooner paid, due and pgU-pbkkgn 2018 <br />thepaymendf all othersumsWith interesthereoMdvanceiah accordandimrewitl o protecthesecuritpf thisDeed <br />of Trust; and the performance of the covenants and agreements of Borrower herein contained. <br />BorrowercovenanftatBorroweis lawfullyseisedf the estat6erebyconveyedndhasthe rig htto grantand <br />conveythe P rope rtyandthatthe P rope rtys unencumbere*cepfor encumbrancet record Borroweicovenants <br />that Borrowerwarrantsandwill defendgeneralllhetitleto the Propertpgainstill claimsanddemandsaubjecto <br />encumbrances of record. <br />UNIFORMCOVENANTSBorroweandLendercovenardndagreGRsfollows: <br />1. Payment of Principal and Interest. Borrowershallpromptlypay when due the principaland interest <br />indebtedness evidenced by the Note and late charges as provided in the Note. <br />2. Funds for Taxes and Insurance. Subjecto applicabltawor awritterwaiverby LenderBorroweshallpay <br />to Lenderon the day monthlypaymentef principal andinterestrepayablondertheNote ,until the Noteis paidin <br />full, a sum(hereirt'Funds ") equalto one- twelfttof the yearlytaxesandassessmer (including;ondominiurand <br />plan nedu nit developmeatsessmerifsany) whichmayattairpriorityoverthisDeedof Trust,andgroundrentson <br />thePropertyjf any,plusone- twelftbf yearlypremiurrinstallmenftr hazardnsuranc (plusone- twelftbf yearly <br />pre miurrinstallmenftr mortgagensurancdf any, all as reasonablgzstimatediitiallyandfrom time to time by <br />Lenderonthebasimf assessmeraBdbillsandreasonablEstimatet! hereofBorroweshallnotbeobligatedb make <br />suclpaymentsf FundgoLendetotheextenthatBorrowemakeauc [paymenttDtheholderof apriormortgager <br />deed of trust if such holder is an institutional lender. <br />If BorrowepaysFundsto LendertheFundmhalbeheldin aninstitutiorthedepositeraccountef whichare <br />insureabrguaranted* afederabrstateagenctincludind�endeif Lendeissuchaninstitution )Lendeshallapply <br />theFundsto pay saidtaxesassessmeriMurancpremiumandgroundrentsLendeimaynotchargdor soholding <br />and applyinghe Funds analyzingaidaccounbr verifyingandcompilings aidassessmerd tad bills, unlesd.ender <br />paysBorroweinteresbn the Fundsandapplicabltawpermitd-endedo makesuchachargeBorroweiandLender <br />mayagredn writingatthetimeof executioof thisDeecbf Trustthatinteresmn the Fund sshalbepaidto Borrower, <br />andunless;uchagreemedd madeor applicabltaw requiresuchinteresto be paid,Lendeshallnot be requiredo <br />pay Borrowerany interesbr earningmn the Funds.Lendershall give to Borrower,without charge an annual <br />0042604215 <br />(M e -76(NE) (0204) <br />Initials: r <br />Page 2 of 7 Form 3828 <br />