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ADJUSTABLE RATE
<br />HOME. EQUITY CONVERSION SECOND DEED OF TRUST
<br />THIS V LLD OF TRUST ( "Security Instrument" or "Sound Security Instrument ") is made on
<br />J LI.V 19, 2002 The trustor is
<br />ARTHUR F. LUCAS AND ELLEN L. LUC: AS,HUSBAND AND WIFE, AS JOINT TENANTS
<br />whose address is 408 EAST 16TH STREET,
<br />GRAND ISLAND, NEBRASKA 68801 ( "Borrower ") - the trustee is
<br />JOHN S. KATELMAN, ESQ.
<br />( "Trustee "). The beneficiary
<br />k the Secretary of Housing and I lrban Development, whose address is 451 Seventh Street, S.W., Washington, DC
<br />20410 ( "Lender" or "Secretary ") - Borrower has agreed to repay to Lender amounts which Lender is obligated to
<br />advance including future advances, under the leans of a Home Equity Conversion Loan Agreement dated the
<br />same date as this Security Instrument ( "Loan Agreement "). The agreement to repay is evidenced by Borrowers
<br />Notc dated the same date as this Security Instrument ( "Second Note "). This Security Instrument secures to
<br />Lender (a) the repayment of the debt evidenced by the Second Note, with interest at a rate subject to adjustment,
<br />and all renewals, extensions and modifications of the Note, up to a maximum principal amount of
<br />SEVENTY FIVE THOUSAND AND 00/ 100 -----------------------------------------------
<br />-------------------------------------------------------------------------------
<br />(U S. S 75,000.011 ): (b) the payment of all other sums, with interest, advanced under Paragraph 5 to
<br />protect the security of this Security Instrument or otherwise due under the terms ofthis Security Instrument; and
<br />(L) the performance of Borrowers covenants and agreements under this Security Instrument and the Second Note.
<br />The full debt, including amounts described in (a), (b), and (c) above, if non paid earlier, is due and payable on
<br />JANUARY 15 . 2074 . For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with
<br />power ofsale, the fnllowing described property located in HALL Comlly, Nebraska:
<br />60x0 02102 rnsu I ors
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<br />RECORD AND RETURN TO: n
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<br />ci,ace Above This Linc
<br />For liecording Dotal
<br />State DF Nebraska
<br />I'OA Ca» N°.
<br />321 - 2204964- 952/255
<br />0387163
<br />ADJUSTABLE RATE
<br />HOME. EQUITY CONVERSION SECOND DEED OF TRUST
<br />THIS V LLD OF TRUST ( "Security Instrument" or "Sound Security Instrument ") is made on
<br />J LI.V 19, 2002 The trustor is
<br />ARTHUR F. LUCAS AND ELLEN L. LUC: AS,HUSBAND AND WIFE, AS JOINT TENANTS
<br />whose address is 408 EAST 16TH STREET,
<br />GRAND ISLAND, NEBRASKA 68801 ( "Borrower ") - the trustee is
<br />JOHN S. KATELMAN, ESQ.
<br />( "Trustee "). The beneficiary
<br />k the Secretary of Housing and I lrban Development, whose address is 451 Seventh Street, S.W., Washington, DC
<br />20410 ( "Lender" or "Secretary ") - Borrower has agreed to repay to Lender amounts which Lender is obligated to
<br />advance including future advances, under the leans of a Home Equity Conversion Loan Agreement dated the
<br />same date as this Security Instrument ( "Loan Agreement "). The agreement to repay is evidenced by Borrowers
<br />Notc dated the same date as this Security Instrument ( "Second Note "). This Security Instrument secures to
<br />Lender (a) the repayment of the debt evidenced by the Second Note, with interest at a rate subject to adjustment,
<br />and all renewals, extensions and modifications of the Note, up to a maximum principal amount of
<br />SEVENTY FIVE THOUSAND AND 00/ 100 -----------------------------------------------
<br />-------------------------------------------------------------------------------
<br />(U S. S 75,000.011 ): (b) the payment of all other sums, with interest, advanced under Paragraph 5 to
<br />protect the security of this Security Instrument or otherwise due under the terms ofthis Security Instrument; and
<br />(L) the performance of Borrowers covenants and agreements under this Security Instrument and the Second Note.
<br />The full debt, including amounts described in (a), (b), and (c) above, if non paid earlier, is due and payable on
<br />JANUARY 15 . 2074 . For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with
<br />power ofsale, the fnllowing described property located in HALL Comlly, Nebraska:
<br />60x0 02102 rnsu I ors
<br />
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