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<br />__ L1EF.DS]F,TRLLST `~ ~
<br />THIS DEED OF TRUST is made on July 15, 2009. ~
<br />The Trustor/Borrower is Erives Enterprises, L.L.C..
<br />The Trustee is Clifford F. Mesner, Attorney at Law and a member of the Nebraska State Bar Association whose address
<br />is P O Box 335, Central City, NE 6$$26. ,~ o
<br />The Beneficiary/Lender is Housing Plus, LLC
<br />Beneficiary's address is P O Box 335, Central City, NE 68826.
<br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following:
<br />Lot One Hundred Twenty Nine (129), of LARUE Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska.
<br />Together with all the rents and profits therefrom and subject to easements and restrictions of record, if any.
<br />thereof
<br />Borrower owes Lender $29,500.00, evidenced by Borrower's note of even date, payable according to the terms
<br />This Security Instrument secures to Lender the Debt evidenced by said note, the payment of all other sums, with
<br />interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's covenants
<br />and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful
<br />authority to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1, Borrower shall pay when due, the principal and interest as provided in said note.
<br />2. All payments received by Lender shall be first applied to advances which may have been made by Len der and
<br />then to interest due and last to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against the property before the same
<br />become delinquent.
<br />4. If Lender determines that any part of the property is subject to a lien, except for Borrower's Construction
<br />Financing, which is or may attain priority over this security instrument, Lender may give Borrower a notice identifying the
<br />lien and Borrower shall satisfy the lien within 10 days.
<br />5. Borrower shall keep the improvements on said premises insured against Ions by fire and hazards included
<br />within the term "extended coverage" for their insurable value and policies for the same shall include a standard mortgage
<br />clause showing Lender herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower.
<br />Insurance proceeds shall be applied to restoration or repair of the property damaged, unless both parties otherwise agree,
<br />except if restoration or repair is not economically feasible or Lender's security is not lessened, otherwise said proceeds
<br />shall be paid on the debt herein, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from insurance shall
<br />not extend or postpone the due date of the monthly payments provided in said note, or change the amount of the
<br />payments.
<br />6. Borrower shall keep described Property in compliance with all applicable laws, ordinances and regulations
<br />relating to industrial hygiene or environmental protection (collectively referred to herein as "Environmental Laws").
<br />Borrower shall keep the Property free from all substances deemed to be hazardous or toxic under any Environmental
<br />Laws (collectively referred to herein as "Hazardous Materials"). Borrower hereby warrants and represents to Lender that
<br />there are no Hazardous Materials on or under the Property. Borrower hereby agrees to indemnify and hold harmless
<br />Lender, its directors, officers, employees and agents, and any successors to Lender's interest, from and against any and
<br />all claims, damages, losses and liabilities arising in connection with the presence, use disposal or transport of any
<br />Hazardous Materials on, under, from or about the Property. THE FOREGOING WARRANTIES AND
<br />REPRESENTATION, ANp BORROWER'S O BLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL
<br />SURVIVE RECONVEYANCE OF THIS DEEb OF TRUST.
<br />7. If Borrower fails to perform the covenants and agreements herein contained. Lender may do and pay for
<br />whatever is necessary to protect the value of the property and Lender's rights in the property, including the paying of any
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