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DEED OF TRUST
<br />THIS DEED OF TRUST is made on August 5, 2005, the Trustor is ELISEO & PAOLA
<br />SANCHEZ, a married couple, a/k/a Borrower. The Trustee is Doug Walker, Grand Island City
<br />Attorney. The Beneficiary is THE CITY OF GRAND ISLAND, NEBRASKA, a municipal city
<br />y corporation, a/k/a Lender. Borrower irrevocably conveys to Trustee, in trust, with power of sale,
<br />the following:
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<br />Lot Two (2), in Block One Hundred Twenty Seven (127), Union Pacific Railway
<br />rte.. Company's Second Addition to the City of Grand Island, Hall County, Nebraska
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<br />► M Together with all the rents and profits therefrom and subject to easements and restrictions of
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<br />record, if any.
<br />�... Borrower owes Lender Thirteen Thousand Eight Hundred Eighty -eight Dollars and
<br />n Sixty -Six Cents ($13,888.66), evidenced by Borrower's note of even date, payable according to
<br />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 />This Deed of Trust shall be deemed subordinate to the Deed of Trust between the
<br />Borrower and Home Federal Savings and Loan, August 5, 2005, which secures the balance of the
<br />debt for the purchase of the above described real estate.
<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.
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<br />This Space Reserved
<br />for Register of Deeds'
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made on August 5, 2005, the Trustor is ELISEO & PAOLA
<br />SANCHEZ, a married couple, a/k/a Borrower. The Trustee is Doug Walker, Grand Island City
<br />Attorney. The Beneficiary is THE CITY OF GRAND ISLAND, NEBRASKA, a municipal city
<br />y corporation, a/k/a Lender. Borrower irrevocably conveys to Trustee, in trust, with power of sale,
<br />the following:
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<br />. a
<br />Lot Two (2), in Block One Hundred Twenty Seven (127), Union Pacific Railway
<br />rte.. Company's Second Addition to the City of Grand Island, Hall County, Nebraska
<br />M
<br />cn
<br />► M Together with all the rents and profits therefrom and subject to easements and restrictions of
<br />n
<br />record, if any.
<br />�... Borrower owes Lender Thirteen Thousand Eight Hundred Eighty -eight Dollars and
<br />n Sixty -Six Cents ($13,888.66), evidenced by Borrower's note of even date, payable according to
<br />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 />This Deed of Trust shall be deemed subordinate to the Deed of Trust between the
<br />Borrower and Home Federal Savings and Loan, August 5, 2005, which secures the balance of the
<br />debt for the purchase of the above described real estate.
<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.
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