|
<br /> 10
<br /> m
<br /> -n
<br /> c:
<br /> fa) n z
<br /> . ::J: E c
<br /> :"" rri !-!>>
<br /> ~ n
<br />N '" ::c
<br />(Sl
<br />(Sl ~
<br />--.J
<br />(Sl
<br />Ul
<br />Ul
<br />(Sl
<br />(Sl
<br />
<br />2J(..,
<br />men\.,
<br />() :c"
<br />'"
<br />
<br />~)
<br />-J
<br />U!
<br />\)
<br />
<br /> :-,.,,~,,~
<br /> ~",:~.':",,';;' (> (/.,
<br /> r..~~~'3
<br /> '" --::I 0 -"~~
<br /> '1 <, C J'''"
<br /> " Z --l
<br /> " c:,~
<br />':'"~:'J " --l rn
<br />rT, :,:"1;.- :2:: --(
<br />(.") ~ " .",. C~~
<br /> ~'" rv 0 ."
<br />(':::~ CD '1
<br />--'r1 '-"
<br />e,:') ';>:, --- ' , :
<br />\.!,
<br />lTl ~, -0 >- ("n
<br />rT1 ::3 :;:J
<br />CJ ~ r 1'"
<br />VJ (J)
<br /> C.) 7
<br /> >-
<br /> -C - ~..-'
<br /> --C (J)
<br /> Gf)
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is made on June 28, 2007.
<br />The Trustor is Woodland Park Townhomes, LLC, a/k/a Borrower.
<br />The Trustee is Horizon Bank, 10841 No. 142nd St., Waverly, Nebraska. 68462
<br />The Beneficiary is Midwest Housing Initiatives, Inc., a/k/a Lender.
<br />Beneficiary's address is 5101 Central Park Drive, Suite 120, Lincoln, Nebraska 68504
<br />
<br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following:
<br />
<br />See Exhibit "A"
<br />
<br />Together with all the rents and profits therefrom and subject to easements and restrictions of record, if any.
<br />
<br />Borrower owes Lender $640,000, evidenced by Borrower's note of even date, payable according to the terms
<br />
<br />thereof.
<br />
<br />This Security Instrument secures to Lender the Debt evidenced by said note, the payment of all other sums,
<br />with interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's covenants
<br />and agreements.
<br />
<br />ga
<br />oar
<br />rvii
<br />~G:'
<br />-15"
<br />C)g
<br />~i
<br />o~
<br />
<br />'V
<br />~
<br />\: ~
<br />
<br />Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power and lawful
<br />authority to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons.
<br />
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />
<br />1. Borrower shall pay when due, the principal and interest as provided in said note.
<br />
<br />2. All payments received by Lender shall be first applied to advances which may have been made by Lender
<br />and then to interest due and last to principal due.
<br />
<br />3. Borrower shall pay all general real estate taxes and special assessments against the property before the
<br />same become delinquent.
<br />
<br />4. If lender determines that any part of the property is subject to a lien, which is or may attain priority over this
<br />security instrument, Lender may give Borrower a notice identifying the lien and Borrower shall satisfy the lien within ten (10)
<br />days.
<br />
<br />5. Buyer shall keep the improvements on said premises insured against loss by fire and hazards included within
<br />the term "extended coverage" for their insurable value and policies for the same shall include a standard mortgage clause
<br />showing Lender herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower. Insurance
<br />proceeds shall be applied to restoration or repair of the property damaged, unless both parties otherwise agree, except if
<br />restoration or repair is not economically feasible or lender's security is not lessened, otherwise said proceeds shall be paid
<br />on the debt herein, whether or not then due.
<br />
<br />{L0749191.2}Woodland Park HOME DOT
<br />
|