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<br />DEED OF TRUST~~,
<br />~ ~
<br />This Deed of Trust ("Security Instrument") is made on this J!J-.- day of l tUL-- 2006. The Trustor is (:' (~
<br />Douglas A Evaretts and Carolyn A Evaretts (Borrower(s). The trustee is FIR. AMERICAN TITLE INSURANCE '
<br />COMPANY (Trustee). The beneficiary is Starostka Group Unlimited Inc. which is organized and existing under the
<br />laws of the State of U.S.A., and whose address is 429 Industrial Lane, Grand Island, NE 68803 (Lender). Borrower
<br />owes Lender the principal sum of$1O,990.00. This debt is evidenced by Borrower's note dated the same date as this
<br />Security Instrument (Note), which provides for monthly payments, with the full debt, ifnot paid earlier, due and
<br />payable on July 1 Sl 2009. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by
<br />the Note, with interest and all renewals, extensions, and modifications; (b) the payment of all other sums, with
<br />interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does
<br />hereby mortgage, grant and convey to Trustee with power of Sale, the following described property located in Hall
<br />County, Nebraska:
<br />
<br />Lot One (1), John Voitle's Second Subdivision, to the City of Grand Island, Hall County, Nebraska
<br />
<br />Commonly known as: 801 East 9th St. Grand Island, NE 68801
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water right and stock and all fixtures nor or
<br />hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument.
<br />All the foregoing is referred to in this Security Instrument as the "Property".
<br />
<br />BORROWER COVENANTS that Borrower(s) is lawfully seized of the estate hereby conveyed and has the right to
<br />mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances ofrecord.
<br />Borrower warrant and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />
<br />I. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest
<br />on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payments of Taxes, Insurance and Other Charges. Borrower shall include in each month
<br />payment, together with the principal and interest as set forth in the Note an any late charges, an installment
<br />of (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or
<br />ground rents on the Property, and (c) premiums for insurance required by paragraph 4.
<br />
<br />Each monthly installment for items (a), (b) , and (c) shall equal one-twelfth of the annual amounts, as reasonably
<br />estimated by Lender, plus an amount sufficient to maintain an additional balance of not more than one-sixth ofthe
<br />estimated amounts. The full annual amount for each item shall be accumulated by Lender within a period ending
<br />one month before an item would become delinquent. Lender shall hold the amounts collected in trust to pay items
<br />(a), (b), and (c) before they become delinquent.
<br />
<br />Ifat any time the total ofthepayments held by Lender for items (a), (b) and (c), together with then future monthly
<br />payments for such items payable to Lender prior to the due dates of such items, exceeds by more than one-sixth the
<br />estimated amount of payments required to pay such items when due, and ifpayments on the Note are current, then
<br />Lender shall either refund the excess over one-sixth of the estimated payments or credit the excess over one-sixth of
<br />the estimated payments to subsequent payments by Borrower, at the option of Borrower. If the total of the payments
<br />made by Borrower for item (a), (b), and (c) is insufficient to pay the item when due, then Borrower shall pay to
<br />Lender any amount necessary to make up the deficiency on or before the date the item becomes due.
<br />
<br />3. Application of Payments. All payments under paragraphs I and 2 shall be applied by Lender as follows.
<br />
<br />First, to any taxes, special assessments, leasehold payments or ground rents, and fire, flood and other hazard
<br />insurance.
<br />Second, to interest due under the note.
<br />Third, to amortization of principal of the Note.
<br />Fourth, to late charges due under the Note.
<br />
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