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200504709
<br />grants and conveys to Trustee, intrust, with power of sale, the following described propertylocated in the County of
<br />HALL , State of Nebraska:
<br />LOT THREE (3), VON OHLEN SECOND SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />which has the address of 114 SEEDLING MILE COURT [Streetl
<br />GRAND ISLAND [City], Nebraska 68801 [ZIP Code] (herein "Property Address ");
<br />TOGETHERwith all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenancesand rents (subject however to the rights and authorities given herein to Lender to collect and apply
<br />such rents), all of which shall be deemedto be and remain a part of the property covered by this Deed of Trust; and
<br />all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are
<br />hereinafter referred to as the "Property";
<br />TO SECUREto Lender the repayment of the indebtednessevidencedby Borrower's note dated
<br />May 25, 2005 and extensions and renewals thereof (herein "Note "), in the principal suns of
<br />U.S. $ 17,980.00 , with interest thereon, providing for monthly installments of principal and interest,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on June 1 , 2035 ;
<br />the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
<br />Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borroweris lawfully seised of the estatehereby conveyed and has the right to grant and
<br />convey the Property, and that the Propertyis unencumbered, except for encumbrancesof record. Borrower covenants
<br />that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />encumbrances of record.
<br />UNIFORMCOVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall
<br />pay to Lender an the da ,y monthly payments of principal and interest are payable under the Note, until the Note is
<br />paid in full, a sum herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including
<br />condominium and planned unit development assessments, if any) which may attain priority over this Deed of Trust,
<br />and ground rents on the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus
<br />one - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and
<br />from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall
<br />not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to the
<br />holder of a prior mortgage or deed of trust if such holder is an institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which
<br />are insured or guaranteedby a federal or state agency (including Lender if Lender is such an institution). Lender shall
<br />apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so
<br />holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to
<br />Borrower, and unless such agreementis made or applicable law requires such interest to be paid, Lender shall not be
<br />required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an
<br />-761NQ (0204)
<br />0 TDNE2ND2 (04/02/04) PC
<br />Initials:
<br />Page 2 of 7 Form 3828
<br />Loan No. 6478878 -7879
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