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<br />LOAN NUMBER: 8965
<br />
<br />-'
<br />
<br />DEED OF TRUST
<br />
<br />C7
<br />0'
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on January 10, 2008. The grantor is JULIO A RIVAS,
<br />Husband, and JUDY J SHEEKS-RIVAS, Wife, whose address is 3207 E SEEDLING MILE ROAD, Grand
<br />Island, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the
<br />Note. The obligations of Borrowers who did not sign the Note are eXplained further in the section titled
<br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 . ("Trustee"). The beneficiary is Pathway
<br />Bank, which is organized and existing under the laws of the State of Nebraska and whose address is 3333 W.
<br />State St., Grand Island, Nebraska 68803 ("Lender"). JULIO A RIVAS and JUDY J SHEEKS-RIVAS owe
<br />Lender the principal sum of Thirty-four Thousand and 00/100 Dollars (U.S. $34,000.00), which is evidenced by
<br />the note, consumer loan agreement, or similar writing dated the same date as this Security Instrument (the "Note"),
<br />which provides for periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and
<br />payable on January 11,2023. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced
<br />by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other
<br />sums, with interest, advanced to protect the security of this Security Instrument under the provisions of the section
<br />titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower, in consideration of the debt
<br />and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power 9f sale, the following
<br />described property located in the REGISTER OF DEEDS of HALL COUNTY, State of Nebraska:
<br />
<br />Address: 3207 E SEEDLING MILE ROAD, Grand Island, Nebraska 68801
<br />Legal Description: North Four Hundred Ninety.three feet (N493') of Lot Twenty three (23) and the
<br />North Four Hundred Ninety-three fee (N493') of the East Half (EI/2) of Lot Twenty-Four (24) of Sass
<br />Subdivision, Hall County, Nebraska
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property. "
<br />
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />
<br />Borrower and Lender covenant and agree as follows:
<br />
<br />Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the
<br />Note. "
<br />
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable fmal, non-appealable judicial opinions.
<br />
<br />Funds for Taxes and Insurance. At Lender's request and subject to Applicable Law, Borrower shall pay to
<br />Lender on the day periodic payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a)
<br />yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b)
<br />yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance
<br />premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (f)
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br />Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a
<br />federally related mortgage loan may require for Borrower's escrow account under the federal Real Estate
<br />Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"),
<br />
<br />02004-2007 C<>pyr;gnt Compliance Systems. Inc. BC9C-IlE40 - 2007.01.201
<br />Iconsumer Real Estate ".~ecur;ty Instrument DL2036
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<br />Initiab "5 S -J&-
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<br />www.compliancesystems.com
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