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For Official Use
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<br />DEED OF TRUST
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made on December 14, 2001.
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<br />The Trustor is SHARON T. GLASER, a single person, a/k/a Borrower.
<br />The Trustee is CHARLES CUYPERS, City Attorney.
<br />The Beneficiary is THE CITY OF GRAND ISLAND, NEBRASKA, a municipal city corporation, a/k/a Lender.
<br />Borrower irrevocably conveys to Trustee, in trust, with power of sale, the following:
<br />Lot Four (4), Lincoln View Estates Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />I ogether with all the rents and profits therefrom and subject to easements and restrictions of record, if any.
<br />Borrower owes Lender Nine Thousand ($9,000), evidenced by Borrower's note of even date, payable according to
<br />the terms thereof.
<br />This Security instrument secures to Lender the Debt evidenced by said note, the payment of all other sums, with
<br />interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's
<br />covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful authority
<br />to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons.
<br />This Deed of Trust shall be deemed subordinate to the Deed of Trust between the Borrower and Five Points Bank of
<br />Grand Island executed on December 14, 2001, which secures the balance of the debt for the purchase of the above
<br />described real estate and the Deed of Trust between the Borrower and the City of Grand Island, Nebraska, a
<br />municipal corporation executed on December 14, 2001, which secures the debt in the amount of $10,800.00 from
<br />the City's Down Payment Assistance Program.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />Borrower shall pay when due, the principal and interest as provided in said note.
<br />2. Borrower shall pay all general real estate taxes and special assessments against the property before the same
<br />become delinquent.
<br />3. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over this
<br />security instrument, Lender may give Borrower, a notice identifying the lien and Borrower shall satisfy the lien within 10
<br />days.
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<br />DEED OF TRUST
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made on December 14, 2001.
<br />Q
<br />The Trustor is SHARON T. GLASER, a single person, a/k/a Borrower.
<br />The Trustee is CHARLES CUYPERS, City Attorney.
<br />The Beneficiary is THE CITY OF GRAND ISLAND, NEBRASKA, a municipal city corporation, a/k/a Lender.
<br />Borrower irrevocably conveys to Trustee, in trust, with power of sale, the following:
<br />Lot Four (4), Lincoln View Estates Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />I ogether with all the rents and profits therefrom and subject to easements and restrictions of record, if any.
<br />Borrower owes Lender Nine Thousand ($9,000), evidenced by Borrower's note of even date, payable according to
<br />the terms thereof.
<br />This Security instrument secures to Lender the Debt evidenced by said note, the payment of all other sums, with
<br />interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's
<br />covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful authority
<br />to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons.
<br />This Deed of Trust shall be deemed subordinate to the Deed of Trust between the Borrower and Five Points Bank of
<br />Grand Island executed on December 14, 2001, which secures the balance of the debt for the purchase of the above
<br />described real estate and the Deed of Trust between the Borrower and the City of Grand Island, Nebraska, a
<br />municipal corporation executed on December 14, 2001, which secures the debt in the amount of $10,800.00 from
<br />the City's Down Payment Assistance Program.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />Borrower shall pay when due, the principal and interest as provided in said note.
<br />2. Borrower shall pay all general real estate taxes and special assessments against the property before the same
<br />become delinquent.
<br />3. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over this
<br />security instrument, Lender may give Borrower, a notice identifying the lien and Borrower shall satisfy the lien within 10
<br />days.
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