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<br />
<br />FORM H
<br />
<br />NEBRASKA
<br />SECOND DEED OF TRUST
<br />(HBA)
<br />
<br />This Second Deed of Trust (this "Second Deed of Trust"), is made as of June 27 , 2008_, by and among
<br />Paul D Frombgen, A Single Person_ ("Borrower", hereinafter referred to as "Trustor"), whose mailing address is 1117
<br />W Louise St - Grand Island. NE 68801 ; U.S. Bank Trust Company, National Association, ("Trustee"), whose mailing
<br />address is III S.W. Fifth Avenue, Portland, Oregon 97204, and Nebraska Investment Finance Authority
<br />("Beneficiary"), whose mailing address is 200 Commerce Court, 12300 Street, Lincoln, Nebraska 68508-1402.
<br />
<br />FOR VALUABLE CONSlDERA TION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions ofthis Second Deed of Trust, the real property, legally described as follows (the "Property"):
<br />
<br />Lot Three (3), Block Five (5), Windolph's Addition to the City of Grand Island, Hall County, Nebraska.
<br />
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the Property
<br />(collectively, the "rcnts"), all leases or subleases covering the Property or any portion thereof now or hereafter existing
<br />or entered into, and all right, title and interest of Trustor thereunder, all right, title and interest of Trustor in and to any
<br />greater estate in the Property owned or hereafter acquired, all interests, estate or other claims, both in law and in equity,
<br />which Trustor now has or may hereafter acquire in the Property, all easements, rights-of-way, tenements, hereditaments
<br />and appurtenances thereof and thereto, all water rights, all right, title and interest of Trustor, now owned or hereafter
<br />acquircd, in and to any land, lying within the right-of-way of any street or highway adjoining the Property, and any and
<br />all alleys and strips and gores of land adjacent to or used in connection with the Property, and any and all buildings,
<br />tixtures and improvements now or hereafter erected thereon (the "Improvements"), and all the estate, interest, right,
<br />title or any claim or demand which Trustor now has or may hereafter acquire in the Property, and any and all awards
<br />made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or any part of
<br />the Trust Estate, including without limitation any awards resulting from a change of grade of streets and awards for
<br />severance damages.
<br />
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the
<br />"Trust Estate".
<br />
<br />For the Purpose of Securing:
<br />
<br />A. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; and
<br />
<br />B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at
<br />the rate of sixteen percent (16%) per annum.
<br />
<br />The indebtedncss described in paragraphs A and B above is referred to as the "Indebtedness."
<br />
<br />This Second Deed of Trust, any promissory note of Trustor in favor of Beneticiary and any other instrument
<br />given to evidence or further secure the payment and performance of any obligation secured hereby are referred to
<br />collectively as the "Loan Instruments".
<br />
<br />Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawful authority to encumber the
<br />Trust Estate, (ii) the Trust Estate is free and clear of all liens and encumbrances except for easements, restrictions and
<br />covenants of record and the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof
<br />(the "First Deed of Trust"), and (iii) Trustor will defend the Trust Estate against the lawful claims of any person.
<br />
<br />To Protect the Security of this Second Deed of Trust:
<br />
<br />1. Payment of Indebtedness. Trustor shall pay when due the principal ot: and the interest on, the
<br />Indebtedness and all other sums as provided in the Loan Instruments.
<br />
<br />2. Taxes. Trustor shall pay each installment of all taxes and special assessments of every kind, now
<br />or hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand.
<br />
<br />3. Insurance and Repairs. Trustor shall maintain tire and extended coverage insurance insuring the
<br />Improvements constituting part of the Trust Estate for such amounts and on such terms reasonably satisfactory to
<br />Beneficiary. So long as the Property is secured by a first deed of trust or mortgage, compliance with the insurance
<br />
<br />16-31
<br />
<br />~
<br />~
<br />
<br />NIF A MRB/Form H
<br />(10/06)
<br />
<br />4827-8093-9776.8
<br />
<br />kt7 IP:
<br />SUPERIOR TITLE & ESCROW LlC
<br />11225 DAVENPORT STREET, SUITE # 101
<br />OMAHA, NE 68154
<br />
<br />3VD ~DQ 1.f:3 d- S}'
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