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<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is made this 21st day of September, 2006, by and among JOSE L. "\--')
<br />BANDA AND IRMA Y. V ARGAS, husband and wife, hereinafter referred to as "Trustor", whose ~
<br />mailing address is 611 W. 12th St., Grand Island, Nebraska. 6880 1; GALEN ~. STEHLIK, Attorney . ~~
<br />at Law, hereinafter referred to as "Trustee," whose address IS 724 West Koemg Street, Grand Island, \ -'
<br />NE 68801; and LEROY G. COTE and JOSEPHINE K. COTE, TRUSTEES OF THE COTE .
<br />FAMIL YREVOCABLE LIVING TRUST DATED FEBRUARY 5,1998, whose mailing address
<br />is 2206 N. Custer Ave., Apt. C, Grand Island, Nebraska 68803, Beneficiary.
<br />
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject
<br />to the terms and conditions of this Deed of Trust, the following-described property, located in Hall
<br />County, Nebraska:
<br />
<br />Lot Three (3) in Block Forty-six (46) in Russell Wheeler's Addition to the City of
<br />Grand Island, Hall County, Nebraska,
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights,
<br />privileges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues,
<br />profits, reversions and the remainders thereof, including all such personal property that is attached
<br />to the improvements so as to constitute a fixture, all of which, including replacements and additions
<br />thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed
<br />that all of the foregoing shall be hereinafter referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date
<br />herewith in the principal sum of Forty-nine Thousand Nine Hundred Ninety-five and
<br />20/100 Dollars ($49,995.20), together with interest at the rate or rates provided
<br />therein, or the principal and interest on any future advance as evidenced by
<br />promissory notes stating they are secured hereby, and any and all renewals,
<br />modifications and extensions of such notes, both principal and interest on the notes
<br />being payable in accordance with the terms set forth therein and the amortization
<br />schedule attached thereto, which by this reference are hereby made a part hereof; (not attached
<br />to public
<br />(b) the performance of each agreement and covenant of Trustor herein record
<br />contained; and copy)
<br />
<br />(c) the payment of any sum or sums of money which may be hereafter paid
<br />or advanced by Beneficiary under the terms of this Deed of Trust, together with
<br />interest thereon at the rate provided in the note.
<br />
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows:
<br />
<br />1. Payment of Indebtedness. To pay when due, the principal of, and the interest on, the
<br />indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan
<br />instruments.
<br />
<br />2. Title. Trustor is the owner of the property and has the right and authority to execute this
<br />Deed of Trust in respect to the property.
<br />
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