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N ~~ C b~ ~ © ~? ~ ~ ~ ~~~ ~ G7 ~ ~ ~~, ~~ ~ N ~ a ~~ N O ~ ~ ~ CO ~~ ~ ~ C.~ ~ ~ ~- ~Q m ~ ~ rn CGS ~ CQ Z ~ ~ p n~r 'C7 x~'' ~ C7 ~ Can - fi ~ ~ Q~ ~' ~ r LA CC] ~ ~ ~ (a cn C ~` ¢ ~ c ~. ~ ra m cry ~--~ ~+- 0 N ~ ~t c D ~ r~ , d fi DEED QF TRUST ~ THIS DEED OF TRU:;T is made on November 16, 2009 The Trustors are Matthew J. Johnson & Nicole M. Pullins, Co-habitants, als-o known as Borrowers. The Trustee is Wesley D. Nespor, Grand Island City Attorney The Beneficiary's name and address is City of Grand Island, PO Bax 19fr8, Grand Island, NE 68802-1968 also known as Lender. Borrowers irrevocably convey to Trustee, in Trust, with power of sale, the following: South 8 Feet of Eastt Bp Feet of Lot B and East B6 feet of Lat 5, Biock 2, Hann's 2nd Addition to the City of Grand island, Hall Cc-unty, Nebraska together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. Borrowers owe Lender up to $12,200.00, evidenced by Borrowers' Note of even date, payable according to the terms thereof. This Security Instrument secures to Lender the Debt evidenced by said Note, the payment of all other sums, with interest, advanced under the provisions hereafter to protect the security and the performancy of Borrowers' covenants and agreements. Borrowers covenant that Borrowers are lawfully seized of such real estates and have the legal power and lawful authority to convey the ;yams and warrant and will defend title to the real estate against the lawful claims of all persons. BORROWERS AND t.ENDER AGREE AS FOLLOWS; 1. Borrowers shall pay when due, the principal and interest as provided in said Nate. 2: All payments received by Lender shall be first applied to advances which may have been made by Lender and then to interest dine and last to principal due. 3. Borrowers shall pray all general real estate taxes and special assessm~snts against the property before the same became delinquent. 4. If Lender determines that any park of the property is subject to a lien, which is or may attain priority over this security instrument, LendEar may give Borrowers a notice identifying the lien and Borrowers shall satisfy the lien within ten (10) days. - 5. That the whole of said principal sum remaining unpaid shall immediately become due and payable at such time as the property ceases to be the primary residence of the borrowers. fi. Borrowers shall keep the improvements on said premises insured aclainst loss by fire and hazards included within the term "extended coverage" far their Insurable value and policies far the same shall include a standard mortgage clause showing Lender herein. In event of lass, Lender may make proof of lass if not promptly made by Borrowers. Insurance proceeds shall be applied to restoration or repair of the property damaged, unless bath parties otherwise agree, except if restoration or repair is not economically feasible or Lender's security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or not tf•;en due. Page t of 3