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<br />DE�D O�' TRl1ST
<br />THIS D�ED OF TRUST is made on November„23, 2plp.
<br />The Trustor is Mario R. Var�as - Ramirez, a single person, a/k/a Borrower
<br />The Trustee is: Robert Schafer, Attorney at Law, 114 North 6�', Beatrice, NE 68310
<br />The Beneficiary is the Center for Rural Affairs, also known as Lender.
<br />Beneficiary's address is PO Box 136 Lyons, NE 68038-0136
<br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the fallowing:
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<br />LOT TEN (10), BLOCK FIVE (S), IN EVAN'S ADDiTION �T THE CITY OF GRAND
<br />ISLAI�iD, HAI.,I., COUNTY, NEBRASKA AND THAT PART OF EVANS STREET
<br />VACATED BY ORDINANCE NO. 5598, FIL�D APRII. l 1,1974 TN BQOK 2b, PAGE 471.
<br />PARCEL #400128489
<br />Together with all the rents and profiCs therefrom and subject to easements and restrictions of record, if any.
<br />Barrower owes Lender $5,000.00 ( Five Thousand �nd no One Hundred Dollarsl, evidenced by
<br />Borrower's Note of even date, payable according to the terms thereof.
<br />This Security Tnstrument secures to Lender the Debt evidenced by said Nate, the payment af all other sums,
<br />with interest, advanced under the provisions hereafter to protect the security and the performance of Barrower,
<br />covenants and agreements.
<br />Borrower covenants that Sorrower is lawfully seized of such real estate and has the legal power and lawful
<br />authority to convey the same and warrant and will defend title to the real estate against the lawful claims of all
<br />persons.
<br />BORROW�R AND LENDERS AGREE AS FOLLOWS:
<br />1. 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 rnay have been rnade by I�ender
<br />and then to interest due and last to principal due.
<br />3. Borrawer shall pay all general real estate taxes and special assessments against the property before the
<br />same become delinquent.
<br />4. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over
<br />this security instrument, Lender tnay give Borrower a notice identifying the lien and Borrower shall satisfy
<br />the lien within ten (1 p) days.
<br />S. Borrower shall keep the improvernents on said premises insured against loss by fire and hazards included
<br />within the term "�xtended coverage", for their insurable value and palicies for the same sha11 include a
<br />standard mortgage clause showing Lender herein. ln event of loss, Lender may make proof of loss if not
<br />promptly made by Borrower. Insurance proceeds shall be applied to restoration or repair of the property
<br />damaged, unless both parties otherwise agrae, axcept if restaratian or repair is not econornically feasible or
<br />Lender's security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or noC
<br />then due.
<br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from insurance shall not
<br />extend or postpone the due date of the manthly payments provided in said Note, or change the amount of
<br />tk�e payments.
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