|
<br />'-, ::::s~
<br />~ 1\"-
<br />~ ~,:,
<br />.. ~ It
<br />"'" ~
<br />~,-
<br />~~~
<br />~"
<br />~?'
<br />~ ~<,
<br />
<br />
<br /> ;0 n () I'll
<br /> m :t: )>
<br /> -n .---.::, ~
<br /> C.:: rn U! C"'"........> 0
<br /> ('1 :J: <::::::> 0?
<br />() "7' ;r, ......"'l" -.3 (:) ~1 0 ~
<br /> """.
<br />J: ~ l::il ,..-.-'~' CfJ C ):>
<br />~., ::D ::::-. \, ::z:-j N
<br />", fT1 k. '-'-1 -jrtl
<br />n cn o {'- --0 -<0 0 ~
<br />'" :r: c:.: N
<br /> O' 0 "TJ 0 -
<br /> ..., 0 "TJ - ~
<br /> 'li "'-- --J
<br /> 0 + rn
<br /> fTI t '.J ::n ):> OJ C':)
<br /> ('Tl ::3 r ::lJ
<br /> CJ r ):> CO i
<br /> en
<br /> u:> (n
<br /> ~ ^ I---'"
<br /> ):>
<br /> 0 ---- 0 ~
<br /> -...J en 0')
<br /> (J)
<br />
<br />
<br />N
<br />S
<br />S
<br />--.J
<br />S
<br />0:>
<br />->.
<br />S
<br />0')
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is made on September 12,2007.
<br />The Trustor is Windridge Townhomes, LLC, a/k/a Borrower.
<br />The Trustee is John J. Wiechmann, Esq., 1650 Farnam Street, Omaha, NE 68102
<br />The Beneficiary is Midwest Housing Development Fund, Inc., a/k/a Lender.
<br />Beneficiary's address is 13520 California, Suite 250, Omaha, Nebraska 68154
<br />
<br />\::, .
<br />,.)
<br />('~'-
<br />~
<br />~"..;
<br />
<br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following:
<br />
<br />Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 20, 21, 22, 23, 24, 25, 26, 27, 28 and all of Outlot A lying south of the south lot line of Lot 12
<br />as extended east across Outlot A, all in Larue Fourth Subdivision to the City of Grand Island, Hall County, Nebraska.
<br />
<br />Together with all the rents and profits therefrom and subject to easements and restrictions of record, ifany.
<br />
<br />This Deed of Trust is subordinate to the first and second liens of Horizon Bank, Waverly, Nebraska.
<br />
<br />Borrower owes Lender $397,000, 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 of all other sums, with interest,
<br />advanced under the provisions hereafter to protect the security 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 power and lawful authority to
<br />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 />I. 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 and then to
<br />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 same become
<br />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 security
<br />instrument, Lender may give Borrower a notice identifying the lien and Borrower shall satisfy the lien within 30 days.
<br />
<br />5. Buyer shall keep the improvements on said premises insured against loss by fire and hazards included within the term
<br />"extended coverage" for their insurable value and policies for the same shall include a standard mortgage clause showing Lender
<br />herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be applied to
<br />restoration or repair of the property damaged, unless both parties otherwise agree, except if restoration or repair is not economically
<br />feasible or Lender's security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or not then due.
<br />
|