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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made on 3 0~' day of Junc, 2010 ~ j'
<br />The Trustor is Ridgewood CROWN, I,LC, a/k/a Borrower.
<br />The Trustee is Dpug Paulcy, Member of the Nebraska Bar Association 906 West 2"d Street, Room 206, Hastings, NE 68902
<br />The Beneficiary is Housing Development Corporation., a/k/a Lender,
<br />,_._._ F3eneficiary's address is 301. S. Burlington Ave., P O Bnx_1.OOS, Hastings, NE 6890?-.1U05
<br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following:
<br />Lots 1, 2, 3, 4, 5, 6, 7, S, 9, 10, 11, 12 and 13 in Larue Second Subdivision in the City of Crand Island, Hall
<br />County, Nebraska
<br />Together with all the rents and profits therefrom and subject to easements and restrictions of record, if any.
<br />Borrower owes Lender $601,996, evidenced by Borrower's note of even date, payable according to the terms thereol`.
<br />'T'his Security Instrument secures to Lender the Debt evidenced by said note, the payment of all other sums, with interest,
<br />advanced under the provisions hereafter to protect the security and the performance of Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power and lawful authority to
<br />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 />I . 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 Lender and then to
<br />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 become
<br />delinquent.
<br />4. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over this security
<br />instrument, Lender may give Borrower a notice identifying the lien and Borrower shall satisfy the lien within 30 days,
<br />S. Buyer shall keep the improvements on said premises insured against loss by fire and hazards included within the term
<br />"extended coverage" for their insurable value and policies for the same shall include a standard mortgage clause showing Lander
<br />herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be applied to
<br />restoration or repair of the property damaged, unless both parties otherwise agree, except if restoration or repair is not economically
<br />feasible or Lrnder's security is not lessened, otherwise said proceeds shall be patd 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 not extend or
<br />postpone the due date of the monthly payments provided in said note, or change the amount of the payments.
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