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~~ <br />~...~ <br /> 7"C <br />N - ~ _ ~ O <br />C n ~~ <br />Y P ti ~ <br />~ ~ m <br />`_+ ~ <br />O ~~ ~ n <br />en r <br />, <br />G > ~. r <br />-~ c~ <br />~ ~.~..~ <br />~ ~~ <br />~ <br />_ <br />° <br />~~ <br />rv c-, <br />° ~, <br />° <br />c <br /> n <br /> <br /> Q <br />~ '~~~ ~ ° ~ ~ r Ul <br /> ~ <br />~ ~ W ~ W ~ <br /> <br /> ~ p <br />w~ <br />~~ , O <br />p ~ ~ <br /> ~ ~ <br /> 0 <br />20o9o53y~ <br />ACKNOWLEGEMENT OF DEED OF TRUST ~~ <br />BORROWERS READ THIS BEFORE SIGING: <br />Borrowers (Trustors) understand that the document that the Borrowers are about to execute is a <br />Deed of Trust and not a mortgage and that the power of the sate provided for in the Deed of Trust <br />provides substantially different rights and obligations to the borrowers than a mortgage in the event of a <br />default or breach of obligation under the Deed of Trust, including, but not limited to, the Lender's right to <br />have the Real Property sold by the Trustee without any judicial proceeding or foreclosure. Borrowers <br />represent and warrant that this acknowledgment was executed by them before the executions of the <br />Deed-a Trust. <br />( C-~----~__-~ <br />By: <br />KENT ORR, Borrower <br />DEED OF TRUST <br />WITH POWER OF SALE <br />THIS DEED OF TRUST is made on this ~ day of July, 2009. The Trustor is Kent Orr. The <br />Trustee is Sheila R. On-. The Beneficiary is Monte L. Orr. The Beneficiary's address is 3600 390th Trail, <br />Hay Springs, Nebraska. Trustor irrevocably conveys to Trustee, in Trust, with power of sale, the <br />following: <br />Lot Eighty~Eight ($S) in Buenavista Subdivision, An Addition to the City of Grand Island, <br />Hall County ,Nebraska. <br />Together with all the rents and profith therefrom and subject to easementh and restrictions of <br />record, if any. <br />Trustor owes Beneficiary Thirty-Six Thousand Dollars ($36,000), evidenced by Trustor's note of <br />even date, payable to the terms thereof. <br />This Security Instrument secures to Beneficiary the Debt evidenced by said note, the payment of <br />all other sums, with interest, advanced under the provisions hereafter to protect the security and the <br />performance of Trustor's covenants and agreements. <br />Trustor covenants that Trustor is lawfully seized by such real estate and has the legal power and <br />lawful authority to convey the same and warranth and will defend title to the real estate against the lawful <br />claims of all persons. <br />7RUSTOR AND BENEFICIARY AGREE AS FOLLOWS: <br />1. Trustor shall pay when due, the principal and interest as provided in said note. <br />2. AlII payments received by Beneficiary shall be first applied to advanced, which may have <br />been made by Beneficiary and then to interest due and last to principle due. <br />3. Trustor shall pay all general teat estate taxes and special assessments against the property <br />before the same become delinquent. <br />4. If Beneficiary determines that any part of the property is subject to a lien which is or may <br />attain priority over this security instrument, Beneficiary may give Trustor a notice identifying <br />the lien and Trustor shall satisfy the lien within ten (10) days. <br />5. Buyer shall keep the improvements on said premises insun~ against foss by fire and hazards <br />included within the term "extended coverage" for their insurable value and policies far the <br />same shall include a standard mor~age clause showing Beneficiary herein. In event of Toss, <br />Beneficiary may make proof of loss if not promptly made by Trustor. Insurance proceeds <br />