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200803698
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5/1/2008 4:31:22 PM
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5/1/2008 4:31:22 PM
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DEEDS
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200803698
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<br />N <br />is> <br />is> <br />co <br />o <br />w <br />m <br />CD <br />eX> <br /> <br />~\Jr:~ <br />~<Y-4~ i n ~ <br /> ~ <br /><: O;)~ ~ en <br /> n :r .......,. <br />f'l Z c;;::> <br />t>~;~ 'lIi c.= o (j) ~ <br />%: E c ~, c::lO O~ C) <br />m ~ C:1> <br />n ~~' ::3 z~ C'\) rri <br />H'E~ :::c. -lfTl <br />~ ::c tT1 i-- -= -<0 <:::;) :0 <br /> .;;, ~ m <br />(t.')::'-\) R <:) o "'TI C) c <br /> ir ~ "'TIz t;; <br />,,~<~ CO <br /> :r f"Tl <br />~ ~ C>~ -0 1> CD C> Z <br /> ITl ::a ' :;0 ~ <br />~ ~~ 0 ,)> w <br /> (J) (j) <br /> /"\,) 0) :0 <br /> ;:><;: C <br /> 1> c.q s:: <br />~ ~ N -- m <br /> to Cln CQ. ~ <br />S- (I)' <br /> z <br />~. 0 <br />~ <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST is made on April 24, 2008 <br /> <br />The Trustors are Amanda M. Burton, also known as Borrowers. <br /> <br />The Trustee is the Wesley D. Nespor, Grand Island City Attorney <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 />The Easterly Thirty-Eight (38) feet of Lot Six (6), Block One Hundred Forty-Seven (147) In Union <br />Pacific Railway Company's Second Addition 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, if any. <br /> <br />Borrowers owe Lender up to $1,462.77, 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 />
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