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M n <br />n V n Z n= n cn r_7 rr <br />N � �. <br />Q 1•i r1 C� rr1 <br />O <br />�1r1IM 4D r'1J CD <br />Ol ° <br />oa m� ° crn <br />-0 <br />QD <br />co Cn <br />" This Space Reserved for Register of Deeds " <br />DEED OF TRUST <br />THIS DEED OF TRUST is made on June 28, 2005, the Trustor is AMY S. DERAS, a <br />single person, a/k/a Borrower. The Trustee is Doug Walker, Grand Island City Attorney. The <br />Beneficiary is THE CITY OF GRAND ISLAND, NEBRASKA, a municipal city corporation, <br />a/k/a Lender. Borrower irrevocably conveys to Trustee, in trust, with power of sale, the <br />following: <br />Lot Twelve (12), in Block Five (5) in Valley View Addition to the City of Grand Island, <br />Hall County, Nebraska. a/k/a 921 South Cherry Street. <br />Together with all the rents and profits therefrom and subject to easements and restrictions of <br />record, if any. <br />Borrower owes Lender Three Thousand Four Hundred and no /100 Dollars ($3400.00), <br />evidenced by Borrower's note of even date, payable according to the terms thereof. <br />This security instrument secures to Lender the debt evidenced by said note, the payment <br />of all other sums, with interest, advanced under the provisions hereafter to protect the security <br />and the performance of Borrower's covenants and agreements. <br />Borrower covenants that Borrower is lawfully seized of such real estate and has the legal <br />power and lawful authority to convey the same and warrants and will defend title to the real <br />estate against the lawful claims of all persons. <br />BORROWER AND LENDER AGREE AS FOLLOWS: <br />1. Borrower shall pay when due, the principal and interest as provided in said note. <br />2. Borrower shall pay all general real estate taxes and special assessments against <br />the property before the same become delinquent. <br />3. If Lender determines that any part of the property is subject to a lien, which is or <br />may attain priority over this security instrument, Lender may give Borrower, a notice identifying <br />the lien and Borrower shall satisfy the lien within ten (10) days. <br />4. Buyer shall keep the improvements on said premises insured against loss by fire <br />and hazards included within the term "extended coverage" for their insurable value and policies <br />for the same shall include a standard mortgage clause showing Lender herein. In event of loss, <br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be <br />applied to restoration or repair of the property damaged, unless both parties otherwise agree, <br />except if restoration or repair is not economically feasible or Lender's security is not lessened, <br />otherwise said proceeds shall be paid on the debt herein, whether or not then due. <br />5. If Borrower fails to perform the covenants and agreements herein contained, <br />Lender may do and pay for whatever is necessary to protect the value of the property and <br />Lender's rights in the property, including the paying of any sum secured by a lien which has <br />priority over this security instrument, appearing in Court, paying reasonable attorney fees and <br />