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<br />When Recorded Mail To: This Document Plepaled By:
<br />1ST REVERSE MORTGAGE USA CHERRY CREEK MORTGAGE CO,, INC
<br />A DIVISION OF CHERRY CREEK MORTGAGE
<br />~609 S. W ADSWORTH BLVD. #101 7660 E. ORCHARD ROAD #250N
<br />AKEWOOD, CO 802.35 GREENWOOD VILLAGE, COLORADO 80111
<br />[Spacc Abovc Tbis Linc For Rccordlng Data]
<br />
<br />4(PjV
<br />
<br />Statc of Nebrasl<a
<br />
<br />FHA Case No 321.2505546.952/255
<br />907900028
<br />
<br />ADJUSTABLE RATE
<br />HOlVIE EQUITY CONVERSION SECOND DEED OF TRUST
<br />
<br />THIS DEED OF TRUST ("Security Instrument" or "Second Security Instrument") is made on
<br />FEBRUARY 22,2008 The !lustor is
<br />
<br />Michael G, Dimmitt, Knthy L. Dowty nnd Roger G. Dimmitt, subject to n life estate reserved unto
<br />Gordoll L. Dimmitt nnd Glendorn lVI. Dimmitt, husband lInd wife
<br />
<br />whose address is 419 CAREY STREET,
<br />GRAND ISLAND, NEBRASKA 68803 ("Borrower") The trustee is
<br />~l\m~"WI:;8=8EfWi€E8'FeS@ GARY D. BYRNE, A Member of the Nebraska State
<br />Bar Association ("Tlllstce")
<br />The beneficiary is the Secretary of Housing and Urban Development, whose addl ess is 451 Seventh Street, S W ,
<br />Washington, DC 204\ 0 ("l.ender" 01 "Secretary") Borrower has agreed to repay to Lender amounts which Lender
<br />is obligated to advance, jncluding future advances, under the terms of a Home Equity Conversion toan Agreement
<br />dated the same date as this Security Instrument ("Loan Agreement") The agreement to repay is evidenced by
<br />Borrower's Note dated the same date as this Security Instlument ("Second Note") This Security Instrument secllres
<br />to Lendel: (a) the repayment of the debt evidenced by the Second Note, with interest at a mte subject to adjustment,
<br />and all renewals, extensions and modifications of the Note, up to a maximum principal amount of
<br />ONE HUNDRED THOUSAND FIVE HUNDRED AND 00/100. - - ~ - - - -. - -. -. -.. - - -... -. - -.. _. - -.
<br />
<br />~_~._____W___~~_~~~~W~~._~__.N~~_w_-_n____-~~Y~W--_V~~_~~~_______~~M~~______P___
<br />
<br />(U S $ 100l500.00 ); (b) the payment of all other sums, with intelest, advanced under Pm agraph 5 to
<br />protect the security of this Sectllit)' Instlument 01 otherwise due under the terms of this Sccudty Instrument; and (c)
<br />the performance of Borrower's covenants and agreements under this Secmity Instrument and the Second Note The
<br />full debt, including amounts desclibed in (a), (b), and (c) above, jf not paid emlier, is due and payable 011
<br />MA Y 04 , 2084 FOI this pm pose, Borl'ower irrevocably grunts and conveys to Trustee, in tluSt,
<br />with power of sale, the following described property located in HALL County,
<br />Nebraska:
<br />
<br />BF53 : 09/06
<br />
<br />Palle I
<br />
<br />11111111111111 111I
<br />
<br />* F F 8 0 0 0 7 *
<br />
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