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<br />TRUST DEED
<br />THIS DEED OF TRUST is made on July 6, 2005. The Trustors are Javie Tapia Mendoza,
<br />and Lorena T. Mendoza husband and wife, whose address is 56F KI t ,
<br />Grand Island, Nebraska F��Cy/ . The Trustee is Kevin A. Brostrom, an attorney licensed in the
<br />State of Nebraska, whose address is P.O. Box 400, Grand Island, Nebraska 68802 ( "Trustee ").
<br />The Beneficiaries are Melvin W. Williams and Patricia D. Williams, husband and wife, whose
<br />address is 4065 Strauss Road, Grand Island, Nebraska 68803 ( "Lenders "). Borrowers owe
<br />Lenders the principal sum of Forty -Nine Thousand Nine Hundred Dollars ($49,900.00). This debt
<br />is evidenced by Borrowers' note dated the same date as this Security Instrument ( "Note "), which
<br />provides for monthly payments. The Security Instrument secures to Lenders: (a) the repayment
<br />of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications;
<br />(b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security
<br />of this Security Instrument; and (c) the performance of Borrowers' covenants and agreements. For
<br />this purpose, Borrowers irrevocably grant and convey to Trustee, in trust, with power of sale, the
<br />following described property located in Hall County, Nebraska:
<br />The South Half (S1/2) of Lot Eight (8), Block Fifteen (15), Original Town, now City
<br />of Grand Island, Hall County, Nebraska
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property".
<br />BORROWERS COVENANT that Borrowers are lawfully seized of the estate hereby
<br />conveyed and have the right to grant and convey the Property and that the Property is
<br />unencumbered, except for encumbrances of record. Borrowers warrant and will defend generally
<br />the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />COVENANTS. Borrowers and Lenders covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrowers shall
<br />promptly pay when due the principal of and interest on the debt evidenced by the Note and any
<br />Prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Borrowers agree to pay for all real estate taxes and
<br />insurance by Borrowers/Trustors paying one - twelfth (1/12th) of the real estate taxes and insurance
<br />to Beneficiary each month and Beneficiary shall pay the insurance and taxes when due. In the
<br />event there is any shortage for the payment of real estate taxes or insurance, Borrowers/Trustors
<br />shall pay Beneficiary said amount in order to keep the real estate taxes and insurance current.
<br />3. Application of Payments. All payments received by Lenders under paragraph 1 shall
<br />be applied: first, to late charges due under the Note; second, to prepayment charges due under
<br />the Note; third, to interest due; and, last, to principal due.
<br />4. Charges; Liens. Borrowers shall pay all taxes, assessments, charges, fines, and
<br />impositions attributable to the Property which may attain priority over this Security Instrument.
<br />Borrowers shall pay them on time directly to the person owed payment. When Borrowers make
<br />these payments directly, Borrowers shall promptly furnish to Lenders receipts evidencing the
<br />payments.
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<br />THIS DEED OF TRUST is made on July 6, 2005. The Trustors are Javie Tapia Mendoza,
<br />and Lorena T. Mendoza husband and wife, whose address is 56F KI t ,
<br />Grand Island, Nebraska F��Cy/ . The Trustee is Kevin A. Brostrom, an attorney licensed in the
<br />State of Nebraska, whose address is P.O. Box 400, Grand Island, Nebraska 68802 ( "Trustee ").
<br />The Beneficiaries are Melvin W. Williams and Patricia D. Williams, husband and wife, whose
<br />address is 4065 Strauss Road, Grand Island, Nebraska 68803 ( "Lenders "). Borrowers owe
<br />Lenders the principal sum of Forty -Nine Thousand Nine Hundred Dollars ($49,900.00). This debt
<br />is evidenced by Borrowers' note dated the same date as this Security Instrument ( "Note "), which
<br />provides for monthly payments. The Security Instrument secures to Lenders: (a) the repayment
<br />of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications;
<br />(b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security
<br />of this Security Instrument; and (c) the performance of Borrowers' covenants and agreements. For
<br />this purpose, Borrowers irrevocably grant and convey to Trustee, in trust, with power of sale, the
<br />following described property located in Hall County, Nebraska:
<br />The South Half (S1/2) of Lot Eight (8), Block Fifteen (15), Original Town, now City
<br />of Grand Island, Hall County, Nebraska
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property".
<br />BORROWERS COVENANT that Borrowers are lawfully seized of the estate hereby
<br />conveyed and have the right to grant and convey the Property and that the Property is
<br />unencumbered, except for encumbrances of record. Borrowers warrant and will defend generally
<br />the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />COVENANTS. Borrowers and Lenders covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrowers shall
<br />promptly pay when due the principal of and interest on the debt evidenced by the Note and any
<br />Prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Borrowers agree to pay for all real estate taxes and
<br />insurance by Borrowers/Trustors paying one - twelfth (1/12th) of the real estate taxes and insurance
<br />to Beneficiary each month and Beneficiary shall pay the insurance and taxes when due. In the
<br />event there is any shortage for the payment of real estate taxes or insurance, Borrowers/Trustors
<br />shall pay Beneficiary said amount in order to keep the real estate taxes and insurance current.
<br />3. Application of Payments. All payments received by Lenders under paragraph 1 shall
<br />be applied: first, to late charges due under the Note; second, to prepayment charges due under
<br />the Note; third, to interest due; and, last, to principal due.
<br />4. Charges; Liens. Borrowers shall pay all taxes, assessments, charges, fines, and
<br />impositions attributable to the Property which may attain priority over this Security Instrument.
<br />Borrowers shall pay them on time directly to the person owed payment. When Borrowers make
<br />these payments directly, Borrowers shall promptly furnish to Lenders receipts evidencing the
<br />payments.
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