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<br />[Space Above This Line for Recording Data]
<br />State of Nebraska DEED OF TRUST FHA Case No. `~~
<br />321-2913008/703/
<br />MIN: 10081520000637$OSb ~ o
<br />THIS DEED OF TRUST ("Security Instrument") is made on September 8th 2010
<br />The trustor is Meladie A. Lu low, a sin le erson
<br />("Borrower").
<br />The trustee is Farmers & Merchants Bank
<br />("Trustee"). The beneficiary is Mortgage Electronic
<br />Registration Systems, lnc. ("MFRS") (solely as nominee for Lender, as hereinafter defined, and Lender's
<br />successors and assigns). MFRS is organized and existing under the laws of Delaware, and has an address and
<br />telephone number of PO Box 2026, Flint, MI 45801-2026, tel. (888) 679-MFRS.
<br />Farmers & Merchants Bank
<br />which is organized and existing under the laws of the State of Nebraska ,and whose address is
<br />3015 2nd Avenue Kearney, NE 68847 ("Lender").
<br />Borrower owes Lender the principal sum of Ninety Seven Thousand Three Hundred Ninety Eight and
<br />00/100 Dollars (U.S. $ 97,398.00 ). This debt is
<br />evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for
<br />monthly payments, with the full debt, if not paid earlier, due and payable on October Ol, 2040
<br />This Security lnstrument secures to Lender: (a) the repayment of the debt evidenced by the Nate, with
<br />interest, and all renewals, extensions and modifications of the Nate; (b) the payment of all other sums, with
<br />interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the fallowing
<br />described property located in Hall County, Nebraska:
<br />A tract of land Fifty-Six (Sb) feet in width by One Hundred Thirty-Two (132) feet in length,
<br />formerly being a part of West Eleventh (11th) Street of the City of Crand Island, Hall
<br />County, Nebraska, vacated by said City on October S, 1960, and more particularly
<br />described as follows: Beginning at the Northwest corner of Lot Six (6), Block Fifteen (15),
<br />West Park Addition to the City of Grand Island, Nebraska; running thence East on the
<br />North line of said Lot Six (6) for a distance of One Hundred Thirty-Two (132) feet to the
<br />Northeast corner of said Lot Six (6); running thence North on a prolongation of the East
<br />line of said Lot Six (6) for a distance of Fifty-Six (56) feet; running thence West parallel to
<br />the North line of said Lot Six (6) for a distance of One Hundred Thirty-Two (132) feet;
<br />running thence south on a prolongation of the West line of said Lot Six (6) for a distance of
<br />Fifty-Six (56) feet to the Northwest corner of said Lot Six (6), being the point of beginning
<br />which has the address of 1023 N. Sherman Avenue
<br />[Street]
<br />Grand Island ,Nebraska 68803-3539 ("Property Address");
<br />[City]
<br />[Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security
<br />Instrument as the "Property", Borrower understands and agrees that MFRS holds only legal title to the
<br />interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom,
<br />MFRS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of
<br />those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any
<br />action required of Lender including, but not limited to, releasing or canceling this Security Instrument.
<br />16256.CV (11/07) 9I069MSI / 19619122 Page 1 of5
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