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<br /> ~~. <br /> ~~ 10 "m <br /> 2 ~ Z <br /> 0"- m ~ oifl 0 -I <br /> c? <br /> C ." = 0-1 m <br />N (/) -t-.., c: m t..n ex:> c::> N, :XJ <br />IS ~0 ('\ Z n :r ~~ :3 :::z:-I m <br />s J: ~ C '" -1m 0 0 <br /> ~~ = <br />OJ iTI !{I :::0 -<0 0 :t.>- <br />IS ~~ n en ~ I-' 0-" c.o <br />N ~ :1: '"""% ~ Z <br />N 0:> <br />0) T, ~ ...., ti- :x:;rI1 q; Cf.) <br /><..U 0 )l'"aJ -i <br /> ~, rT1 ~ -a ,;0 ~"" ::0 <br /> rn ::3 rl>' c: <br /> \....0, ! ts: <br /> I 0 (jI ~, <br /> t (1"1 C"D "" rn <br /> >- en ;Z <br /> '-"" '-"" .~, ""'It <br /> 0 W Z <br /> N (fl <br /> (I) 0 <br /> <br /> <br /> <br />DEED OF TRUST <br /> <br />'LSD <br />/:J. <br />I <br /> <br />THIS DEED OF TRUST is made on February 22,2008 <br /> <br />The Trustors are Seth Davis & Angela Davis, also known as Borrowers. <br /> <br />The Trustee is the Wesley D. Nespor, Grand Island City Attorney <br /> <br />The Beneficiary is City of Grand Island, also known as Lender. <br /> <br />Beneficiary's address is PO Box 1968, Grand Island, NE 68802-1968. <br /> <br />Borrowers irrevocably convey to Trustee, in Trust, with power of sale, the following: <br /> <br />Koehler Place, Lot 6, Block 2, Grand Island, Hall County, Nebraska <br /> <br />together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. <br /> <br />Borrowers owe Lender up to $4,200.00, evidenced by Borrowers' Note of even date, payable according to <br />the terms thereof. <br /> <br />This Security Instrument secures to Lender the Debt evidenced by said Note, the payment of all other sums, <br />with interest, advanced under the provisions hereafter to protect the security and the performancy of Borrowers' <br />covenants and agreements. <br /> <br />Borrowers covenant that Borrowers are lawfully seized of such real estate and have the legal power and <br />lawful authority to convey the same and warrant and will defend title to the real estate against the lawful claims of all <br />persons. <br /> <br />BORROWERS AND LENDER AGREE AS FOLLOWS: <br /> <br />1. Borrowers 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 <br />Lender and then to interest due and last to principal due. <br /> <br />3. Borrowers shall pay all general real estate taxes and special assessments against the property before <br />the same become 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 <br />this security instrument, Lender may give Borrowers a notice identifying the lien and Borrowers shall satisfy the lien <br />within ten (10) days. <br /> <br />5. Borrowers shall keep the improvements on said premises insured against loss by fire and hazards <br />included within the term "extended coverage" for their insurable value and policies for the same shall include a <br />standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss if not promptly <br />made by Borrowers. Insurance proceeds shall be applied to restoration or repair of the property damaged, unless <br />both parties otherwise agree, except if restoration or repair is not economically feasible or Lender's security is not <br />lessened, otherwise said proceeds shall be paid m the debt herein, whether or not then due. Lender shall be listed <br />on such insurance policy as "Loss Payee". <br /> <br />Page 1 of 3 <br />