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<br /> .......-.--- <br /> I'. n ~ Q~ <br /> ~)~, r--.;, <br /> rn u. ,;.~':".:.> ("') (j) <br /> c () :::r c=;t. c:> <br /> ~'1 ~ o -i <br /> n 6 7' ...........' c::l:> <br />I\.) ~\'.... =3 z-i N <br />is ::0 ~" <br />is 4,~' :J:~c.n = -irrl c:> <br />m .. ~ ~ = -<0 <br />en nc.n <br />CSl ~:::z: <.;,,' (..,) 0-'" c::> tti <br />I\.) ~ o \' I-" "z <br />OJ ""'1 0) <br />..... ~,~ 0 d: ::r: rrl i <br />.f::>. rr1 \-':" lJ >c:: c::> <br /> rr1 ::3 r :::0 <br /> ~~ Cl l .1> N <br /> (/) (fl CO <br /> N ;::><; <br /> l> ........... <br /> C) -- <br /> \~ c:.> (j) ..c <br /> (j) <br /> 0 <br /> * This Space Reserved for Register of Deeds * <br /> <br /> <br /> <br />/5 50 <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST is made on February 23, 2006, the Trustor is DEAN A. <br />BIERHAUS AND PATRICIA D. BIERHAUS, a husband and wife, alk/a Borrower. The <br />Trustee is Doug Walker, Grand Island City Attorney. The Beneficiary is THE CITY OF <br />GRAND ISLAND, NEBRASKA, a municipal city corporation, a/k/a Lender. Borrower <br />irrevocably conveys to Trustee, in trust, with power of sale, the following: <br /> <br />Lot 14, Freedom Acres Subdivision, Hall County, Nebraska <br />ID # 400155478 <br /> <br />Together with all the rents and profits therefrom and subject to easements and restrictions of <br />record, if any. <br /> <br />Borrower owes Lender Five Thousand Eight Hundred Ten Dollars and noll00 Cents <br />($5810.00), evidenced by Borrower's note of even date, payable according to the terms thereof. <br /> <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 /> <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 /> <br />BORROWER AND LENDER AGREE AS FOLLOWS: <br /> <br />1. Borrower shall pay when due, the principal and interest as provided in said note. <br /> <br />2. Borrower shall pay all general real estate taxes and special assessments against <br />the property before the same become delinquent. <br /> <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 /> <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 /> <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 />