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<br />0') rate Centre Drive, Suite 400 N ;:><;
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<br /> lennessee 37067 U1 ..................
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<br />PACE
<br />Loan Number 1100300697
<br />DEED OF TRUST Case Number 321-2438822-703
<br />MIN 100052200003006971
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on MAY 16, 2006, among the grantor, DERRICK J.
<br />PACE an9-,ll!DRA R. PACE, HUSBAND AND WIFE AS JOINT TENANTS IN COMMON ("Borrower"). The
<br />trustee is ~S n.o.Ji ~ I) ("Trustee"). The beneficiary is MORTGAGE
<br />ELECTRONIC REGISTRATION SYSTEMS, INC. ("MERS") (SOLELY AS NOMINEE FOR LENDER, AS
<br />HEREINAFTER DEFINED, AND LENDER'S SUCCESSORS AND ASSIGNS). MERS IS ORGANIZED AND
<br />EXISTING UNDER THE LAWS OF DELAWARE, AND HAS AN ADDRESS AND TELEPHONE NUMBER OF
<br />POST OFFICE BOX 2026, FLINT, MICHIGAN 48501-2026, TELEPHONE (888)679-MERS. FRANKLIN
<br />AMERICAN MORTGAGE COMPANY, a corporation organized and existing under the laws of TENNESSEE, and whose
<br />address is 501 CORPORATE CENTRE DRIVE, SUITE 400, FRANKLIN, TENNESSEE 37067 ("Lender"). Borrower
<br />owes Lender the principal sum of ONE HUNDRED FOURTEEN THOUSAND NINETY-EIGHT AND 00/100ths
<br />Dollars (U.S.$1l4,098.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument
<br />("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on JUNE 1, 2036.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under
<br />Paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the
<br />trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in HALL County, Nebraska:
<br />
<br />LOT 1, IN BLOCK 2, IN ROUSH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />
<br />which has the address of 429 EAST STOLLEY PARK ROAD, GRAND ISLAND
<br />Nebraska 68801 [Zip Code] ("Property Address");
<br />
<br />[Streot, City] ,
<br />
<br />GV2171-1 (696) Page I 01'7
<br />
<br />FHA Nebraska Deed of Trust
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