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<br /> ~ ~"~ <br /> -n i~ <br /> c: <br /> !p Q~ z ox "" ~ <br /> ?I\ c::;o 0"0 <br /> C <.:= <br /> r- ~ ~\ ~(, ex> 0--1 c:> iT1 <br /> ~cn 3 c:> <br />N li ~ t' :2:--1 N :D <br />is) ~::t: ~ = --1fT! ITI <br /> rT1 _ = <br />is 0(> -<0 0 0 <br />0:> i Q ......... (Q <br />is 0' 0"" 0 <br /> "'1 CO ..., :if! <br />N r CO -- <br />N a :t:/Tl :z: <br />-...J ,." -0 .. no 0 CJ) <br />CJl rrl -I <br /> 0 ::3 r ;;0 :tJ <br /> ,)> N <br /> (J'J (n c: <br /> C!1.ii3 ::><: N s: <br /> > rn <br /> 0 --- -...] ~ <br /> -...J (j') <br /> DEED OF TRUST (A c.n :2 <br /> 0 <br /> <br />THIS DEED OF TRUST is made on March 18,2008. <br />The Trustor/Borrower is Famos Construction, Inc. <br />The Trustee is Clifford F. Mesner, Attorney at Law and a member of the Nebraska State Bar Association whose address <br />is POBox 335, Central City, NE 68826. <br />The Beneficiary/Lender is Housing Plus, LLC <br />Beneficiary's address is POBox 335, Central City, NE 68826. <br /> <br />-"..- <br /> <br />~~ <br /> <br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following: <br /> <br />Lot One Hundred Forty One (141), of LARUE Subdivision, in the City of Grand Island, Hall County, <br />Nebraska. <br /> <br />Together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. <br />Borrower owes Lender $25,500.00, evidenced by Borrower's note of even date, payable according to the terms <br />thereof. <br /> <br />This Security Instrument secures to Lender the Debt evidenced by said note, the payment of all other sums, with <br />interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's covenants and <br />agreements. <br /> <br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful <br />authority to 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 />1. 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 <br />then to 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 <br />become delinquent. <br /> <br />4. If Lender determines that any part of the property is subject to a lien, except for Borrower's Construction <br />Financing, which is or may attain priority over this security instrument, Lender may give Borrower a notice identifying the <br />lien and Borrower shall satisfy the lien within 10 days. <br /> <br />5. Borrower shall keep the improvements on said premises insured against loss by fire and hazards included <br />within the term "extended coverage" for their insurable value and policies for the same shall include a standard mortgage <br />clause showing Lender herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower. <br />Insurance proceeds shall be 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, otherwise said proceeds <br />shall be paid on the debt herein, whether or not then due. <br /> <br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from insurance shall <br />not extend or postpone the due date of the monthly payments provided in said note, or change the amount of the <br />