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<br /> ~d~ (:::) ~ () ~ m <br /> c ~ o (Jl ~ <br /> 3 ~ ~ ....0 <br /> "'" co 0-1 <br /> 5,) If\ c: ~f c::::t> <br /> ::> 0 j Z :I: = ::z:-1 N :0 <br /> n CJ ~ <br /> "5- C"- ~ ::c n c --l -11T1 C) <br />I'\) ~ > ~ -<0 <br />IS ,.." W 0'1 C) .> <br />IS n Con en <br />ex> 00 ,.,.:. ~ ::::t: ...., t---" '1z co <br />IS <~o( 0 r :::em Z <br />(0 M P d 1""1 -0 1> CD 0 en <br />........ m ::3 I :::0 iJ <br />w 0::;::1 r 1> CD <br />W ;:\)~ t;J) if> c:: <br /> fi'- ,......... ::;00;: ,......... s:: <br /> OQ l-%" )> w ~ <br /> ~ N ..........- <br /> N en ~w -f <br /> 3" 2 <br /> ....0 en 0 <br /> I ,." <br /> ~ A- <br /> ::::::: ~ <br /> *'Q <br /> <- <br /> r:;- <br /> (I> <br /> ...... <br /> ~ Is: SO <br /> ("' <br /> DEED OF TRUST <br /> <br /> <br /> <br />THIS DEED OF TRUST is made on September 17, 2008 <br /> <br />The Trustors are Jerry Noriega, also known as Borrowers. <br /> <br />The Trustee is the Wesley D. Nespor, Grand Island City Attorney. <br /> <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 Six (6), in Block Nlnety-six (96) in the original town now 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 />