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~ <br />. m <br /> ~ <br />~~~ ~ <br />C <br />n <br />= <br />t ~ a -~ <br />`= ~ <br />_ . <br />~ 4 ~, <br />n <br />~ <br />7'C <br />::a . <br />~~ <br />~~ r~ <br />r-r-t ~ <br />~ rv m <br />N - <br />~.,.~,,, <br />~ s, <br />z <br />~ <br />rr, <br />~~. <br />~ m <br />.~ <br />c~ <br />v <br /> <br /> ` <br />cfl ~ <br />~ ~ <br />~ <br />1s <br />~ N ~ v <br />m '~ <br />--~ ~ rn <br />~ ~ <br />r ~ <br />~ [1] <br />.--~ <br />w ~ ~ <br />M ~ d <br />~ r„ ~ <br />r- ~ <br />~ ap <br />~ <br /> U <br />~ <br />""' p <br />~ ~- c.' Z <br />~ <br />~ c ~ --- -~ <br /> ~ w ~ ---+ <br /> <br /> <br />~~. p0 <br />DFED OF TRUST <br />THIS DEED OF TRUST is made on November 18, 2009 <br />The Trustars are Ashley B. Niedfelt, also known as Borrowers. <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 />Beneficiary's address is PO Box 1968, Grand Island, NE 68802-1968. <br />Borrowers irrevocably convey to Trustee, in Trust, with power of sale, the following: <br />The East 47.5 feet of the West Half of Lot Three (3), and the East 47.5 feet of the West Half of Lot <br />Four (4), Block Two (2), Hann's Second Addition to the City of Grand Island, Hall County, Nebraska <br />together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. <br />i3ouowers owe Lender up to $25,000.00, evidenced by Borrowers' Note of even date, payable according to <br />the terms thereof. <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 />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 />BORROWERS AND LENDER AGREE AS FOLLOWS: <br />1. Borrowers 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 <br />Lender and then to interest due and last to principal due. <br />3. Borrowers shall pay all general real estate taxes and special assessments against the property before <br />the same become delinquent. <br />4. If Lender determines that any part of the property is subject to a lien, which is ar 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 ten (10) days. <br />5. Borrowers shall keep the improvements on said premises insured against lass by fire and hazards <br />included within the term "extended coverage" far their insurable value and policies far the same shall include a <br />standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of lass 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 />Page 1 of 3 <br />