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200703355 grunts and conveys to Tmstee, in trust, with power of sale, the following described property located in the County of Hall , Slale of Nebraska: See Attached Exhibit A Par-cellD Number: 400152487 which has lhe address of 4302 Blauvelt Rd Grand Island Address") TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; tlnd all of the foregoing, together with said property (or the leasehold estate if Ulis Deed of Trust is on a leasehold) are hereinafter referred to as the "Property", Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Deed of Trust; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has tbe right: to exercise any or all of those interests, including, but not limited to, Ule right to foreclose and sell Ule Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Deed of Trusl. TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated March 26, 2007 and extensions and renewals thereof (herein "Note"), in the principal sum of U. S. $ 75, 000. 00 , with interest thereon, providing for monthly installments of principnl and interest, wilh the balance of' the indebtedness, ifnot sooner paid, due and payable on March 30, 2017 the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the perfom1ance of U1C covenants and agreements of Borrower herein contained. Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property. and that the Property is unencumbered, except for encumbrances of record. Borrower covenants thaI Borrower warranls and will defend generally Ihe title to the Property against all claims and demands, subject to encumbrances of record. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest. Borrower shall promplly pay when due the principal and intercst indebtedness evidenced by the Note nud late charges liS provided in the Note. 2. Funds for Tuxes and Insurance. Subject 10 applicable law or a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in full, n sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Deed of Trust, and ground rents on Ihe Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus one~twelflh of yearly premium installments for 1ll00tgage insurance, if any, alias reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder is an institutional lender. 2007-862321 100049700008623213 lCily], Nebraska 68803 [Street] [ZIP Code] (herein "Properly e76N(NE) (0500) ".tJ P.go 2 0' 7 Initi.lsA4d~""w 7329 Form 3828