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<br />\, <br /> <br />200903705 <br /> <br />When Recorded Mail To: <br />WFHM FINAL DOCS X2599-024 <br />405 SW 5TH STREET <br />DES MOINES, IA 50309-4600 <br /> <br />This Document Prepared By: <br />WELLS FARGO BANK, N.A. <br />3480 STATEVIEW BLVD, MAC X7802-036 <br />FORT MILL, SC 297150000 <br /> <br />[Space Above This Line For Recording Data] <br /> <br />State of Nebraska <br /> <br />FHA Case No. 321-2667481 952 <br /> <br />ADJUSTABLE RATE <br />HOME EQUITY CONVERSION SECOND DEED OF TRUST <br /> <br />THIS DEED OF TRUST ("Security Instrument" or "Second Security Instrument") is made <br />on 05/06/09 . The trustor is <br />JAMES L. RAYBACK AND BARBARA J. RAYBACK, HUSBAND AND WIFE, AS JOINT <br />TENANTS <br /> <br />whose address is <br />2508 COCHIN STREET , GRAND ISLAND NE 68801 <br /> <br />("Borrower"). The trustee isWELLS FARGO FINANCIAL NAT BANK ("Trustee"). The beneficiary is <br />The Secretary of Housing and Urban Development, whose address is 451 Seventh Street, S.W., <br />Washington, DC 20410 ("Lender" or "Secretary"). Borrower has agreed to repay to Lender amounts <br />which Lender is obligated to advance, including future advances, under the terms of a Home Equity <br />Conversion Loan Agreement dated the same date as this Security Instrument ("Loan Agreement"). <br />The agreement to repay is evidenced by Borrower's Note dated the same date as this Security <br />Instrument ("Second Note"). This Security Instrument secures to Lender: (a) the repayment of the <br />debt evidenced by the Second Note, with interest at a rate subject to adjustment (interest), and all <br />renewals, extensions and modifications of the Note, up to a maximum principal amount of <br />TWO HUNDRED TWO THOUSAND FIVE HUNDRED AND 00/100 <br /> <br />(U.S. $ 202,500.00);(b) the payment of all other sums, with interest, advanced under <br />Paragraph 5 to protect the security of this Security Instrument or otherwise due under the terms of <br />this Security Instrument; and (c) the performance of Borrower's covenants and agreements under <br />this Security Instrument and the Second Note. The full debt. including amounts described in (a). (b). <br />and (c) above, if not due earlier, is due and payable on AUGUST 28TH ,2080. For this <br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust <br /> <br />0102101318 <br /> <br />First American Loan Production Services <br />@ 2008 First American Real Estate Solutions LLC <br />FALPS # 87YQ : 02/08 <br />NMFL #8914NE (QLNE) Rev 11/2008 <br /> <br />Nebraska HECM ARM Second Security Instrument <br /> <br />Page 1 <br /> <br />'6~o~, 9 <br />