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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made as of the 1st day of October, 2003, by and among JOSE A.
<br />ALVARADO and REINA CRISTINA ALVARADO, Husband and Wife, ( "TRUSTOR "), whose mailing
<br />address is: 1309 East 5th Street, Grand Island, Nebraska 68801 and EARL D. AHLSCHWEDE, Attorney
<br />at Law, ( "TRUSTEE "), whose mailing address is: P. O. Box 2300, Grand Island, Nebraska 68802 and
<br />GRAND ISLAND AREA HABITAT FOR HUMANITY, INC., a Nebraska Corporation, ( "BENEFICIARY ") ,
<br />whose mailing address is: P. O. Box 1001, Grand Island, Nebraska 68802.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the real property located in the County of Hall,
<br />State of Nebraska, and legally described as follows: (the "Property "):
<br />Fractional Lot Three (3), in Fractional Block Seventeen (17), in John W. Lambert's
<br />Addition to the City of Grand Island, Hall County, Nebraska and its complement, the
<br />Westerly Twenty Six and Four Tenths (26.40) feet of Fractional Lot Three (3) and the
<br />Easterly Thirty Nine and Six Tenths (39.60) feet of Fractional Lot Four (4), in Fractional
<br />Block Ten (10), Evan's Addition to the City of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in adjoining
<br />roads, streets and alleys, improvements and buildings of any kind situated thereon and all personal
<br />property that may be or hereafter become an integral part of such buildings and improvements.
<br />The property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $46,320.36 with no interest thereon,
<br />as evidenced by the certain Promissory Note of even date (the "Note ") with a maturity date of November
<br />1, 2023, executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and
<br />which by this reference is hereby made a part hereof, and any and all modifications, extensions and
<br />renewals thereof, and,
<br />Payment of all sums advanced by Beneficiary to protect the Trust Estate, with no interest
<br />thereon.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the
<br />payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br />Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest
<br />on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan
<br />Instruments.
<br />2. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind,
<br />now or hereafter levied against the Trust Estate or any part hereof, before delinquency, without notice or
<br />demand, and shall provide Beneficiary with evidence of the payment of same. Trustor shall pay all taxes
<br />and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or
<br />the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole
<br />or any part thereof upon the Beneficiary.
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