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<br />NEBRASKA
<br />SECOND DEED OF TRUST
<br />(HBA) ~
<br />
<br />1>;, S,,,,"d Doed of Tru~ (!h;, "S,,,,"d Doed of Tm~"), ;, m"', " of M",h 27, 2007, hy ~d ,,",o"~ C"I.. A. - ~ I'..,
<br />Polanco, a Single Man ("Borrower", hereinafter referred to as "Trustor"), whose mailing address is 1415 W. 51 St.. Grand ',~,~
<br />Island. NE 68801; U.S. Bank Trust Company, National Association, ("Trustee"), whose mailing address is III S.W. Fifth . "'...
<br />Avenue, Portland, Oregon 97204, and Nebraska Investment Finance Authority ("Beneficiary"), whose mailing address is 200 ,/ ,:;
<br />Commerce Court, ] 230 0 Street, Lincoln, Nebraska 68508-1402. -~---
<br />
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST,
<br />WITH POWER OF SALE, for the benefit and sccurity of Bencficiary, under and subject to the terms and conditions of this
<br />Second Deed of Trust, the real property, legally described as follows (the "Property"):
<br />
<br />Lot Four (4), in Block Seven (7), in Bonnie Brae Addition to the City of Grand Island, Hall County, Nebraska.
<br />
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the Property (collectively, the
<br />"rents"), all leases or subleases covering the Property or any portion thereof now or hereafter existing or entered into, and all
<br />right, title and interest of Trustor thereunder, all right, title and interest of Trustor in and to any greater estate in thc Propcrty
<br />owned or hereafter acquired, all interests, estatc or other claims, both in law and in equity, which Trustor now has or may
<br />hereafter acquire in the Property, all easements, rights-of-way, tenements, hereditaments and appurtenanccs thercof and thcrcto,
<br />all water rights, all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land, lying within the
<br />right-of-way of any street or highway adjoining the Property, and any and all alleys and strips and gores of land adjacent to or
<br />used in connection with the Property, and any and all buildings, fixtures and improvements now or hereafter crected thereon (the
<br />"Improvements"), and all the estate, interest, right, title or any claim or demand which Trustor now has or may hereafter acquire
<br />in the Property, and any and all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof,
<br />of the whole or any part of the Trust Estate, including without limitation any awards resulting from a change of grade of streets
<br />and awards for severance damages.
<br />
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate".
<br />
<br />For the Purpose of Securing:
<br />
<br />A. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; and
<br />
<br />B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of
<br />sixteen pcrcent (16%) pcr annum.
<br />
<br />The indebtedness described in paragraphs A and B above is referrcd to as thc "Indebtedness."
<br />
<br />This Second Dccd of Trust, any promissory note of Trustor in favor of Beneficiary and any other instrument given to
<br />evidence or further secure thc paymcnt and performance of any obligation secured hereby are referred to collectively as the
<br />"Loan Instruments".
<br />
<br />16-32
<br />
<br />NIFA MRB/Form G
<br />(10/06)
<br />
<br />4827-8093-9776.8
<br />
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