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<br />200700546
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<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 />
<br />The Northerly Eighty and One Half (80 1/2) Feet of Lot
<br />One (1), in Block One Hundred Forty Eight (148), Union
<br />Pacific Railway Company1s Second Addition to the City
<br />of Grand Island, Hall County, Nebraska.
<br />
<br />Parcel ID Number: 400098717
<br />which has the address of 321 East Division Street
<br />Grand Island [City], Nebraska 68801
<br />
<br />[Street]
<br />[ZIP Code] (herein "Property Address");
<br />
<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
<br />such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and
<br />all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are
<br />hereinafter referred to as the "Property". Borrower understands and agrees that MERS holds only legal title to the
<br />interests granted by Borrower in this Deed of Trust; but, if necessary to comply with law or custom, MERS, (as
<br />nominee for Lender and Lender's successors and assigns), has the right: to exercise any or all of those interests,
<br />including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender
<br />including, but not limited to, releasing or canceling this Deed of Trust.
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated January 19,
<br />2007 and extensions and renewals thereof (herein "Note"), in the principal sum of
<br />U. S. $ 15 , 400 . 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 February 01, 2037
<br />the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
<br />Deed 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
<br />pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is
<br />paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments (including
<br />condominium and planned unit development assessments, if any) which may attain priority over this Deed of Trust,
<br />and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus
<br />one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and
<br />from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall
<br />not be obligated to make such .payments of Funds to Lender to the extent that Borrower makes such payments to the
<br />holder of a prior mortgage or deed of trust if such holder is an institutional lender.
<br />2530030034
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<br />CIlt-76N(NE) (0407)
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<br />Initials: ~ ,(1... .
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<br />P~e2of7
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<br />Fonn 3828
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