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<br />20060989(f
<br />
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of
<br />HALL ' State of Nebraska:
<br />
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<br />
<br />Lot Three (3), Block Thirty-six (36), Charles Wasmer's Addition to the
<br />City of Grand Island, Hall County, Nebraska
<br />
<br />Parcel ID Number: 400109573
<br />which has the address of 1511 WEST LOUISE ST
<br />GRAND ISLAND [City] , Nebraska
<br />Address");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply such
<br />rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the
<br />foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter
<br />referred to as the "Property". Borrower understands and agrees that MERS holds only legal title to the interests granted
<br />by Borrower in this Deed of Trust; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and
<br />Lender's successors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the
<br />right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing
<br />or canceling this Deed of Trust.
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br />NOVEMBER 1, 2006 and extensions and renewals thereof (herein "Note "), in the principal sum of
<br />U . S. $ 5 , 750 . 00 , with interest thereon, providing for monthly installments of principal and interest,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on NOVEMBER 1, 2016
<br />the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed
<br />of Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants
<br />that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in
<br />full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments (including condominium and
<br />planned unit development assessments, if any) which may attain priority over this Deed of Trust, and ground rents on
<br />the Property, if any, plus one~twelfth of yearly premium installment~ for hazard insurance, plus one-twelfth of yearly
<br />premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make
<br />such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or
<br />deed of trust if such holder is an institutional lender .
<br />
<br />68801
<br />
<br />[Street]
<br />[ZIP Code] (herein "Property
<br />
<br />.-76N(NE) (0509)
<br />~
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<br />Initials: S.A/.S~
<br />
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