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<br />N <br />CSl <br />CSl <br />00 <br />CSl <br />OJ <br />O'l <br />~ <br />-....,J <br /> <br />I <br /> <br />",,\JI~ <br />~. VI ~ <br />-, \]\ ~ <br />~ ~ ~ <br />n'~ <br />t. <br />tJ <br /><~(b <br />t1\ N ;:; <br />- <br />Ii'" ~ <br /> <br />~ ~~ <br />~. ~ <br />...0 ~.. <br />~ ~ <br />-.. <::.. <br />00 r;,. <br />~ <br />I'- <br />0' <br /> <br /> )QI r""...,,:) m <br /> n ~ ,=:~::;t (") U' ~ <br /> rn <.= 0 <br /> ~ ex> 0 -~ <br /> ." c.n .........." , c: 10" <br /> c: ,.._J'". N <br /> n :J: = :z -l :c <br />('\ Z ;ol; = ~ '. ~ --1 rr1 0 m <br />~ C ~ ,t: --I C <br />::z: -< 0 <br />R ~ (~ "...~~ 0 -r1 0 ):0- <br />en -' \ CD '1 en <br />:J: -,-, .L. a:> Z <br /> t~. --r 1'.\ <br /> C.J .,Ie'. en 0 ~ <br /> C'Tl ~ -U ::>- <br /> '" rT1 :3 r-' :;<J <br /> l-.J ,- J~ a:> :D <br /> (::::, (J'J ~ Ul C <br /> --C :;:><: OJ s: <br /> 1> ....c ~ <br /> 0 --- --- <br /> CD (j) -..J Z <br /> (j) 0 <br /> <br />20080'8647 <br /> <br />16190 <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST is made on September 16, 2008 <br /> <br />The Trustors are Isaac Aguilar-Martinez & Estela dela Cruz Alvarado, 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 />Lot Three (3), Block One (1), Hann's Second Addition to 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 /> <br />Borrowers owe Lender up to $25,000.00, 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 />