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<br />Record ana Return to:
<br />Group9, Inc.
<br />444 Oxford Valley Rd
<br />Langhorne, PA 19047
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<br />GB Home Equity, LLC
<br />AUn: Post Closing, Collateral Clerk
<br />PO Box 240140
<br />Milwaukee, WI 53224-9007
<br />
<br />:.? S. 5tJ
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<br />FOR RECORDER'S USE ONLY
<br />
<br />1003467 -1080016865-5
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is dated July 9, 2007, among JODI S LEDGERWOOD, whose address is 3113 M IDWA Y
<br />RD, GRAND ISLAND, NE 68803; DEREK M LEDGERWOOD, whose address is 3113 MIDWAY RD, GRAND
<br />ISLAND, NE 68803; Title Vested As: DEREK M. LEDGERWOOD AND JODI S. SCHEER ("Trustor"); and
<br />Mortgage Electronic Registration Systems, Inc. ("MERS"), a Delaware Corporation who has an address and
<br />telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS, (referred to below as
<br />"Beneficiary"); and Fidelity National Title Insurance Co., whose address is 15661 Red h ill, Suite 200, Tustin,
<br />CA 92780 (referred to below as "Trustee"); and GB Home Equity, Ll.C, a Wisconsin umited uability Company,
<br />whose address is Midwest Region, 4000 W Brown Deer Road, Milwaukee, WI 53209-1221 (referred to below
<br />as "lender").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />MERS as Beneficiary (solely as nominee for Lender and Lender's successors and assigns) and to the successors and assigns of MERS, all
<br />of Trustor's right, title, (lnd interest in and to the following described real property, together with all existing or subsequently erected or
<br />affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights
<br />(including stock in utilities with ditch or irrigation rights); and all other ri~hts, royalties, and profits relating to the real property, including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HAll. County, State
<br />of Nebraska:
<br />
<br />LYING AND BBNG LOCATED IN THE CITY OF GRAND ISLAND, COUNTY OF HAll, STATE OF
<br />
<br />NEBRASKA; All. THAT CERTAIN PARCEL OR TRACT OF LAND KNOWN AS: LOT ONE (1), BlOCK TWO
<br />
<br />(2), ISLAND ACRES NUM BER 2, IN THE CITY OF GRAND ISLAND, HAll. COUNTY, NEBRASKA.
<br />
<br />The Real Property or its address is commonly known as 3113 MIDWAY RD, GRAND ISLAND, NE 68803.
<br />
<br />The Real Property tax identification number is 400048574.
<br />
<br />Borrower understands and agrees that MERS holds only legal title to the Interests granted by Trustor in this Deed of Trust, but if necessary
<br />to comply with law or custom, MERS (as nominee for lender and lender's successors and assigns) has the right to exercise any or all of
<br />those interests including, but not limited to, the right to foreclose and sell the Property, and to take any action required of lender including,
<br />but not limited to, releasing and cancelling this Deed of Trust.
<br />
<br />Trustor presently assigns to lender all of Trustor's right, title, and interest in and to all present and future leases of the Property and all
<br />Rents from the Property. In addition, Trustor grants to lender a Uniform Commercial Code security interest in the Personal Property and
<br />Rents.
<br />
<br />THIS DEED OF TRUST, INCWDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at Borrower's request and
<br />not at the request of lender; (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; (c) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other
<br />law which may prevent lender from bringing any action against Trustor, including a claim for deficiency to the extent lender is otherwise
<br />entitled to a claim for deficiency, before or after lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to lender all Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their respective obligations under the Note,
<br />this Deed of Trust, and the Related Documents.
<br />
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of
<br />the Property shall be governed by the following provisions:
<br />
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />
<br />Compliance With Environmental Laws. Trustor represents and warrants to lender that: (1) During the period of Trustor's ownership
<br />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br />that there has been, except as previously disclosed to and acknowledged by lender in writing, (a) any breach or violation of any
<br />Environmental laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and
<br />acknowledged by lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property
<br />
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