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<br /> . 10 n n . <br /> r'\ m :I: > <br /> ." m (I) <br /> C n :I: /"'" <br /> Z <:::;.> Q (J:) <br /> -+- ('\ '" c::> 0 <br /> ~ C --.:J 0. .-; <br /> -L ~ ~ c)> <br /> m ~ :::::0 z-l I"V <br />J\.) n (I) ~~~ c:::: -l1'Tl a <br />e 9 '" :I: C") -<0 <br />e -n a <br />-..J 0-" <br />e 0) -"z -J <br />0) r;'\ ..." ~ <br />-..J 1<:' :r:r1'l <br />0) ~ ,.., :D :t>CO c::> <br />01 m t ::3 I ;0 en <br /> ~ 0 I :t> <br /> !:l..., cr> l-'" Cf) -.) <br /> f'--" ;:><: <br /> H P- O") <br /> c::> ~'~ <br /> 0::> (Fl Ul <br /> \...-, Cf) <br /> -. <br /> ):;l <br /> J <br /> 2.. <br /> * This Space Reserved for Register of Deeds * <br /> <br /> <br /> <br />DEED OF TRUST <br /> <br />/5,56 <br /> <br />THIS DEED OF TRUST is made on April 26, 2007, the Trustor is MERSUD AND <br />AJSA T ALUNDZIC, a husband and wife, a/k/a Borrower. The Trustee is DALE SHOTKOSKI, <br />Grand Island City Attorney. The Beneficiary is THE CITY OF GRAND ISLAND, <br />NEBRASKA, a municipal city corporation, a/k/a Lender. Borrower irrevocably conveys to <br />Trustee, in trust, with power of sale, the following: <br /> <br />The Easterly Forty-four feet (E44') of Lot One (1), in block seventy-five (75), in <br />the original town, now City of Grand Island, Hall County, Nebraska. <br /> <br />Together with all the rents and profits therefrom and subject to easements and restrictions of <br />record, if any. <br /> <br />Borrower owes Lender Twenty Five Thousand Dollars and no/lOO Cents ($25,000.00), <br />evidenced by Borrower's note of even date, payable according to the terms thereof. <br /> <br />This security instrument secures to Lender the debt evidenced by said note, the payment <br />of all other sums, with interest, advanced under the provisions hereafter to protect the security <br />and the performance of Borrower's covenants and agreements. <br /> <br />Borrower covenants that Borrower is lawfully seized of such real estate and has the legal <br />power and lawful authority to convey the same and warrants and will defend title to the real <br />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. Borrower shall pay all general real estate taxes and special assessments against <br />the property before the same become delinquent. <br /> <br />3. If Lender determines that any part of the property is subject to a lien, which is or <br />may attain priority over this security instrument, Lender may give Borrower, a notice identifying <br />the lien and Borrower shall satisfy the lien within ten (10) days. <br /> <br />4. Buyer shall keep the improvements on said premises insured against loss by fire <br />and hazards included within the term "extended coverage" for their insurable value and policies <br />for the same shall include a standard mortgage clause showing Lender herein. In event of loss, <br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be <br />applied to restoration or repair of the property damaged, unless both parties otherwise agree, <br />except if restoration or repair is not economically feasible or Lender's security is not lessened, <br />otherwise said proceeds shall be paid on the debt herein, whether or not then due. <br /> <br />5. If Borrower fails to perform the covenants and agreements herein contained, <br />Lender may do and pay for whatever is necessary to protect the value of the property and <br />Lender's rights in the property, including the paying of any sum secured by a lien which has <br />priority over this security instrument, appearing in Court, paying reasonable attorney fees and <br />