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201008471 BORROW�R, in consideratian of the indebtedness herein recited and the trust herein created, irrevocably grants and c�nveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall , State of Nebraska: Lots On� Hundred Twenty (120) and One Hundred Twenty One (121), Belmont Addition ta the City of Grand Island, Hall County, Nebraska 'This is a purchase money beed of 7rust." which has the address of 505 N. Grace Avenue, Grand Island, NE 68803 (herein "Praperty Address"); TQGETHER with all the improvements now, or hereafter erected on the property, and all easements, rights, appurtenances, rents, (subject however to the rights and auth�rities given herein to Lender to collect and apply such rents), all of which shall be deemed to be and rem�in a part of the pr�perty covered by this Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the "Praperty". Borrower covenants that Barrower is lawfully seised of the estate hereby conveyed and has #he right to mortgage, grant and convey the Praperty and that the Property is unencumbered, except for the First Deed of Trust identified in paragraph 23 (hereinafter referred as the "First Deed of 1'rust") encumbrances of record. Borrower covenants that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject ta any encumbrances of record. UNIFORM COV�NANTS. Borrower and Lender covenant and agree as follaws: 1. Payment af Principal; Prepayment. Borrower shall promptly pay when due the principal of the debt evidenced by the Note. 2. Appllcatlon of Payments. Unless applicable law provides otherwise, all payments received by Lender underthe Note and paragraph 1 hereof shall be applied by Lender first to any payments made by Lender pursuantto paragraph 6; and second, to principal due underthe Note. 3. Priar Mortgages and Deeds of Trust; Charges: Liens. Borrower shall perform all of Borrowers obligations under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust, including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes, assessments and other charges, fines, and impositions attributable to the Property, which may attain a priority over this Deed of Trust, and leaseh�ld payments or ground rents, if any. Borrower shall pay these obligations by making payment, when due, directly ta the perspn owed payment. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and receipts evidencing such payments. Except for the First Deed of Trust Identlfled ln paragraph 23 (hereinafter referred as the "First Deed of Trust") Barrpwer shall promptly discharge any lien which has priority over this Deed of Trust unless Borrower: (a) agrees in writing to the payment of the obligation secured by such lien in a manner acceptable to Lender; NE �ntry CostAsslstance Loan Daed of Trust 2200088229 Page 2 of 8 0204 (ECAMNE)