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200208041 LOAN #1 E0070908
<br />Trust and the Agreement. For this purpose and inconsideration ofthe debt, you irrevocably grant and convey to the Trustee, in trust,
<br />with power of sale, the following described property located in Hall County, Nebraska:
<br />See legal description attached hereto and made a part hereof.
<br />AP N#: 400093065
<br />which has the address of 2419 Cochin Street, Grand Island,
<br />Nebraska 68801 ( "Property Address
<br />TOGETHER W11 all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances,
<br />and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Deed of Trust. All
<br />of the foregoing is referred to in this Deed of Trust as the "Property."
<br />YOU COVENANT that you are lawfully seized of the estate hereby conveyed and have the right to mortgage, grant and convey
<br />the Property and that the Property is unencumbered, except for encumbrances of record. You warrant and will defend generally the
<br />tide to the Property against all claims and demands, subject to any encumbrances of record.
<br />YOU AND WE covenant and agree as follows:
<br />1. Payment of Principal, Interest and Other Charges. You shall pay when due the principal and interest owing under the
<br />Agromnent and all other charges due hereunder and due Under the Agreement.
<br />2. Application of Payments. Unless applicable law provides otherwise, all payments rcceivedby us under the Agreement and
<br />Section 1 shall be applied by us as provided in the Agreement
<br />3. Prior Mortgages; Charges; Liens. You have disclosed tow and obtained our approval of any mortgage, deed of trust or other
<br />security agreement with a lien which has priority over this Deed of Trust. You shall perform all of your obligations under any mortgage,
<br />deed of final or other security instruments with alien which has priority over this Deed of Trust, includi ngyour covenants to make payments
<br />when due. You shall pay all taxes, assessments, charges, fines and impositions attributable to the Property which may attain priority over
<br />thisDeed ofTmst, and leaseholdpaymentsorground rents, if my. Upon currequest, you shall promptlyfumish to as all noticesof amounts
<br />tobc paid Under thisparagraphand receipts evidencing any such paymentsyou make directly. You shall promptlydischarge any lien (other
<br />than a lien disclosed to its in your application or in any title report we obtained) which bas priority over this Deed of Trust.
<br />If applicable law authorizesus to du so, we specifically reservemourself and our successors and assigns the Unilateral right, upon
<br />an cvcnl of default in payment of taxes, assessments or insurance on the Property, to require, upon notice, that you pay to ins on the
<br />day monthly payments are due an amount equal to one - twelfth (1/12) of the yearly taxes, and assessments (including condominium
<br />and plannedimit development assessments, if my) which may attain priority over this Deed ofTmsl andground rents on the Property,
<br />if any, plus one - twelfth (1/12) of yearly premium installments for hazard and mortgage insurance, all as we reasonably estimate
<br />initially and from time to time, as allowed by and in accordance with applicable law.
<br />4. Hazard Insurance. You shall keep [tic Property insured against loss by fire, hazards included within the term "extended
<br />coverage' and any other hazards, including floods or flooding, for which we require insurance. This insurance shall be maintained
<br />in the amounts and for the periods that we require. You may choose the insumr to provide this coverage. Insurance policies and
<br />renewals shall be acceptable to us and shall include a standard mortgagee clause. If we require, you shall promptly give us all receipts
<br />of paid premiums and renewal notices. If you fail to maintain coverage as required in this section, you authorize us to obtain such
<br />coverage as we in our sole discretion determine appropriate to protect our interest in the Property in accordance with the provisions
<br />in Section 6. You understand and agree Ihat any coverage we purchase may cover only our interest in the Property and may not cover
<br />your interest in the Property or any personal property Iherein. You also understand and agree that the premium for any such insurance
<br />may be higher than (lie premium you would pay for such insurance. You shall promptly notify the insurer and us of any loss. We may
<br />make proof of loss if you do riot promptly do so.
<br />We may also, at our option and on your behalf, adjust and compromise any claims under the insurance, give releases or
<br />acquittances to the insurance company in connection with the settlement of any claim and collect and receive insurance proceeds.
<br />You appoint us as yourallorney- in- factto do all of the foregoing, which appointment youunderstand and agree is irrevocable, coupled
<br />with an interest with full power of substitution and shall not be affected by your subsequent disability or incompetence.
<br />Insurance proceeds shall be applied to restore or repair the Property damaged, if restoration or repair is economically feasible
<br />and our security would notbe lessened. Otherwise, insurance proceeds shall be applied to sums secured by this Deed of Trust, whether
<br />or not then due, with any excess paid to you. If you abandon the Property, or do not answer within 30 days after we give notice to
<br />you that the insurer has offered to settle a claim, then we may collect and use the proceeds to repair or restore the Property or to pay
<br />sums secured by this Deed of Trust, whether or not then due. Any application of proceeds to principal shall not require its to extend
<br />or postpone the due date of monthly payments or change the amount of monthly payments. If we acquire the Property at a forced sale
<br />6F.- DFRD OF TRUST - Singlc Family- HCLOC- HCO20939 (02/00) Initials i Y
<br />02002 Online Dnaumans, Inc. Page 2 of 5 NEQDRFD
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