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This Deed of Trust made this 1st day of August, 2002; by
<br />TRUSTORS: Oscar M. Landaverde and Rosa C. Gomez De Landaverde,
<br />Husband and Wife
<br />ADDRESS: 404 North Grace
<br />BENEFICIARY: Grand Island Area Housing Corporation
<br />ADDRESS: 415 South Cherry Street, A -1, Grand Island, NE
<br />TRUSTEE: Earl D. Ahlschwede, Attorney at Law
<br />For valuable consideration, Trustor irrevocably grants, conveys, and assigns
<br />To Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />beneficiary, under and subject to the rights terms and conditions of this Deed
<br />of Trust, the following described real property located in HALL COUNTY,
<br />NEBRASKA:
<br />Lot One Hundred Twenty Eight (128), in Belmont, an addition
<br />to the City of Grand Island, Hall County, Nebraska, a /k /a/
<br />404 North Grace
<br />(Hereinafter called the Premises) together with all buildings and
<br />improvements now or hereafter erected upon the premises, all rents, profits,
<br />royalties, income and other benefits derived from the premises; all easements;
<br />licenses, rights of way now or hereafter accruing to the premises; and any and
<br />all awards made for the taking by eminent domain, including proceeds of any
<br />agreement made in lieu thereof; and,
<br />All are collectively called the Security.
<br />FOR THE PURPOSE OF SECURING
<br />(a) The payment of the debt to the Beneficiary evidenced by the Trustor's
<br />note of this same date in the principle sum of Eleven Thousand One Hundred
<br />Eighty Eight and 91/100 Dollars ($11,188.91) with no interest, and upon the
<br />terms provided in the Note and any and all renewals, modifications and
<br />extensions of the Notes;
<br />(b) The performance of: each agreement between the Trustor and Beneficiary;
<br />the covenants of the Trustor in this Deed of Trust;
<br />(c) The payment of any sum or sums with interest thereon which may later
<br />arise under the terms of this Deed of Trust or may be advanced to be secured by
<br />this Deed of Trust. Future advancements may not exceed a sum equal to three
<br />times the original principal amount of the above - recited notes.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND
<br />AGREES AS FOLLOWS:
<br />1. Obligation. Trustor shall promptly pay when due the principal of the
<br />indebtedness evidenced by the Notes, and all other charges and fees provided in
<br />the Notes or secured by this Deed of Trust, and the principal of and interest
<br />on any future advances secured by this Deed of Trust not to exceed three times
<br />the original principal amount of the above - recited notes.
<br />2. Warranty of Title.
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<br />DEED OF TRUST
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<br />This Deed of Trust made this 1st day of August, 2002; by
<br />TRUSTORS: Oscar M. Landaverde and Rosa C. Gomez De Landaverde,
<br />Husband and Wife
<br />ADDRESS: 404 North Grace
<br />BENEFICIARY: Grand Island Area Housing Corporation
<br />ADDRESS: 415 South Cherry Street, A -1, Grand Island, NE
<br />TRUSTEE: Earl D. Ahlschwede, Attorney at Law
<br />For valuable consideration, Trustor irrevocably grants, conveys, and assigns
<br />To Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />beneficiary, under and subject to the rights terms and conditions of this Deed
<br />of Trust, the following described real property located in HALL COUNTY,
<br />NEBRASKA:
<br />Lot One Hundred Twenty Eight (128), in Belmont, an addition
<br />to the City of Grand Island, Hall County, Nebraska, a /k /a/
<br />404 North Grace
<br />(Hereinafter called the Premises) together with all buildings and
<br />improvements now or hereafter erected upon the premises, all rents, profits,
<br />royalties, income and other benefits derived from the premises; all easements;
<br />licenses, rights of way now or hereafter accruing to the premises; and any and
<br />all awards made for the taking by eminent domain, including proceeds of any
<br />agreement made in lieu thereof; and,
<br />All are collectively called the Security.
<br />FOR THE PURPOSE OF SECURING
<br />(a) The payment of the debt to the Beneficiary evidenced by the Trustor's
<br />note of this same date in the principle sum of Eleven Thousand One Hundred
<br />Eighty Eight and 91/100 Dollars ($11,188.91) with no interest, and upon the
<br />terms provided in the Note and any and all renewals, modifications and
<br />extensions of the Notes;
<br />(b) The performance of: each agreement between the Trustor and Beneficiary;
<br />the covenants of the Trustor in this Deed of Trust;
<br />(c) The payment of any sum or sums with interest thereon which may later
<br />arise under the terms of this Deed of Trust or may be advanced to be secured by
<br />this Deed of Trust. Future advancements may not exceed a sum equal to three
<br />times the original principal amount of the above - recited notes.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND
<br />AGREES AS FOLLOWS:
<br />1. Obligation. Trustor shall promptly pay when due the principal of the
<br />indebtedness evidenced by the Notes, and all other charges and fees provided in
<br />the Notes or secured by this Deed of Trust, and the principal of and interest
<br />on any future advances secured by this Deed of Trust not to exceed three times
<br />the original principal amount of the above - recited notes.
<br />2. Warranty of Title.
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