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<br />DEED OF TRUST
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<br />THIS TRUST DEED made this d-t.J~ day of May, 2007, between LINDA D.~)
<br />STEWART, a single person, as TRUSTOR, whose address is 315 E. Nebraska Avenue, ~
<br />JOHN M. CUNNINGHAM, a member of the Nebraska State Bar Association, DS TRUSTEE, ~
<br />whose address is 222 N. Cedar Street, Grand Island, Nebraska 68801; and ()
<br />COMPETITIVE MORTGAGE, whose address is 3421 W. State Street, G:::-and Isla,net, "
<br />Nebraska 68803, as BENEFICIARY.
<br />
<br />WITNESSETH:
<br />
<br />That TRUSTOR hereby grants, bargains, sells, conveys and warrants to
<br />TRUSTEE, IN TRUST, her heirs, devisees, personal representatives, successors
<br />and assigns, with power of sale, the following-described real property:
<br />
<br />LOT ONE HUNDRED SIXTY-FOUR (164), IN BUENAVISTA SUBDIVISION,
<br />AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />together with all improvements and appurtenances thereon.
<br />
<br />The TRUSTOR hereby covenants and agrees with the TRUSTEE and BENEFICI1\J~Y
<br />that she is lawfully seized and the owner of the above-described property; that:
<br />she has good right and lawful authority to sell and convey said premises and
<br />that said premises are free and clear of all liens and encumbrances, and
<br />further, that TRUSTOR will warrant and defend the title to said premi~Jes
<br />forever against the claims of all persons whomsoever.
<br />
<br />For the purpose of securing performance of each agreemE:nt of TRU~:,[OR
<br />herein contained and the payment of FIFTY EIGHT THOtJ8.AND DOLT,)\RS ($58, 00C. Of)) I
<br />the TRUSTOR has executed a Trust Deed Note bearing even date, at the rate at:
<br />interest and on the terms and conditions as set forth in such Trust Deed Not2~
<br />until paid. The principal sum and interest shall be payable in accordance wi t:,h
<br />and upon the terms and conditions of said Trust Deed Note of even date, and in
<br />any event the entire principal balance due hereunder and any accruec:. intereflt
<br />shall be paid on June 1, 2037. All payments due hereunder shall be paid dt th>:'
<br />address of the BENEFICIARY as above described, or at such other place c,B :'!UC':.l
<br />BEHEFICIARY or the holders of said security shall designate in writing. .(\11
<br />installment payments hereunder shall be applied first to the payment .:n
<br />interest on the unpaid balance, pursuant to the Amortization Schedule, a ccpy
<br />of which has been provided to each of the parties hereto, and ,::he remainder o,c
<br />each payment of such installment to be applied on principal.
<br />
<br />It is agreed by and between the parties hereto that while title is vested
<br />in the TRUSTEE and until filing of Notice of Default, the TRUSTOR shall:
<br />
<br />A. Retain possession of the property at all times, except as may ,1)\,
<br />otherwise agreed by the parties in writing.
<br />
<br />B. Maintain the residence and any other improvements located on the
<br />real property in good condition and repair.
<br />
<br />C.
<br />
<br />Pay all general and special taxes and all
<br />every kind levied or assessed against or
<br />before delinquency, and to deliver to
<br />receipts showing payment of such taxes each
<br />
<br />special assessments of
<br />due upon said property
<br />BENEFICIARY copies of
<br />
<br />year.
<br />
<br />D.
<br />
<br />Procure and maintain
<br />
<br />improvements, in sums
<br />the BENEFICIARY, in an
<br />
<br />POlicies of all-risk insurance on 8~id
<br />and underwritten by companies acc~ptable te>
<br />amount at least equal to the property's fuT'!
<br />
<br />-1-
<br />
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