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<br /> 0/ ~ <br /> ~V\Q(tl ~ <br /> i:) w 3~' .." <br /> c: en <br /> ;; V1 , :::> n z % I~ <br /> <. a 5: ~ (') U1 m <br />I\.) ;:; , (;'-:l J) % ~ C ~ o :-i ,0 Z <br />~ QO <br />S ~ c.f~ m ~~ c::l> N n:l <br />s n z z:-i <br />OJ ~ % .~~ = :-il"'ll :D <br />S ;c ~ <::? ~ c::: -<0 D m <br />co CT\ ).J It> ....... 0"'" D C <br />~ ~ \1-. W "'T1z )> <br />->. " co CJ) <br />0'> C' ~cf ~ 0 r :J:1Tl z <br /> ~ ~ S I'Tl :::0 l>tn ,C) <br /> I'Tl :3 ,:;I) C.D ~ <br /> -...J S:l..... I"\) C> ' l> <br /> (fI (f) <br /> ~ &-.. ....... ....c c: <br /> 0 :::-: :5: <br /> l> ....... <br /> r ....... -- m <br /> I-" (.f) C') ~ <br />----- ~' CJ:l Z <br /> 0 <br /> "" <br /> r- <br /> 0 15'- 50 <br /> <br /> <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST is made on September 17, 2008 <br /> <br />The Trustors are Miguel Mendoza Santamaria & Maria I. Mendoza, 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 Four (4), Block Seventy (70), Original Town, now 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 $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 ter: (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 />