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<br />200807385
<br />
<br />:jfJ.50
<br />
<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER:.9~2
<br />
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on August 15,2008. The grantor is Edgar M. Ardon,
<br />a single person, whose address is 1304 N Park Ave, Grand Island, Nebraska 68803 ("Borrower"). Borrower is
<br />not necessarily the same as the Person or Persons who sign the Note. The obligations of Borrowers who did not
<br />sign the Note are explained further in the section titled Successors and Assigns Bound; Joint and Several
<br />Liability; Accommodation Signers. The trustee is Pathway Bank whose address is PO Box 428, Cairo,
<br />Nebraska 68824 ("Trustee"). The beneficiary is Pathway Bank, which is organized and existing under the laws of
<br />the State of Nebraska and whose address is POBox 428, Cairo, Nebraska 68824 ("Lender"). Edgar M. Ardon
<br />owes Lender the principal sum of Four Thousand Six Hundred Forty and 50/100 Dollars (U.S. $4,640.50),
<br />which is evidenced by the note, consumer loan agreement, or similar writing dated the same date as this Security
<br />Instrument (the "Note"), which provides for monthly payments ("Periodic Payments"), with the full debt, if not
<br />paid earlier, due and payable on November 19, 2008. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the
<br />Note; (b) the payment of all other sums, with interest, advanced to protect the security of this Security Instrument
<br />under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower,
<br />in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the County of Hall, State of Nebraska:
<br />
<br />Address: 1304 N Park Ave, Grand Island, Nebraska 68803
<br />Legal Description: The Easterly Eighty~Eight (88) feet of Lot Two Hundred Forty-One (241) in West
<br />Lawn Addition to the City of Grand Island, Hall County, Nebraska
<br />Parcel ID/Sidwell Number: 400117401
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property. "
<br />
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />
<br />Borrower and Lender covenant and agree as follows:
<br />
<br />Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the
<br />Note.
<br />
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable fmal, non-appealable judicial opinions.
<br />
<br />Funds for Taxes and Insurance. At Lender's request and subject to Applicable Law, Borrower shall pay to
<br />Lender on the day periodic payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a)
<br />yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b)
<br />yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance
<br />premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (f)
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br />Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a
<br />federally related mortgage loan may require for Borrower's escrow account under the federal Real Estate
<br />Settlement Procedures Act of 1974 as amended from time to time, 12 V.S.C. Section 2601 et seq. ("RESPA"),
<br />unless another Applicable Law that applies to the Funds sets a lesser amount. If so, Lender may, at any time,
<br />collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds
<br />02004-2007 Copyright Compliance Systems, Inc. 2941-5E36 - 2007.07.230 www.(:ompliancesysterns.com
<br />Iconsumer Real Estate. Security Instrument DL2036 pa~:it~:f 6 800.968.8522 . Fax 616.956.18681
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