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�� <br />�� <br />� <br />� - <br />� ��� <br />� �� <br />0 <br />N � <br />N � <br />�� <br />.�� <br />�� <br />��� <br />. � A r x v� <br />.., :. � � r �--' <br />� � � � c` � <br />� � � � �z � : <br />c - <br />$�C7 � �. - <br />� N �„ } <br />Gi (� _: <br />� _ � v; � <br />� <br />m <br />� <br />o ��� <br />-*t � <br />� � M <br />C�i> � <br />ACKNOWLEGEMENT OF DEED OF TRUSI <br />BORROWERS READ THIS BEFORE SIGING: <br />r.: <br />� <br />.--• <br />.._+. <br />=3 <br />� <br />� <br />F-� <br />� <br />_.� <br />� <br />C. � <br />C.1 <br />O <br />o u� <br />o ---i <br />� D <br />z � <br />� m <br />'� o <br />O T? <br />� L <br />z rn <br />D � <br />� � <br />I D <br />v> <br />� <br />D <br />C!� <br />(r> <br />Borrowers (Trustors) understand that the document that the Borrowers are about to execute is a <br />Deed of Trust and not a mortgage and that the power of the sale provided for in the Deed of Trust <br />provides substantially different rights and obliga6ons to the borrowers than a mortgage in the event of a <br />default or breach of ob[igatian under �F►e Deed of Trusf, inctuding, but not limited to, tF�e Lender's nght to <br />have the Real Property sold by the Trustee without any judicial proceeding or foreclosure. Borrowers <br />rep nt and warrant that this acknowledgment was executed by them before the executions of the <br />ed of rust. <br />By: '_`_--- <br />hCENT ORR, Borrower <br />DEED OF TRUST <br />WITH POWER OF SALE <br />THIS DEED OF TRUST is made on this'y day of March, 2011. The Trustor is Kent Orr. The <br />Trustee is Sheila R. Orc. 7he Beneficiary is Monte L. Orr. The Beneficiary's address is 3600 390�' Trail, <br />Hay Springs, Nebraska. Trustor irrevocably conveys to Trustee, in Trust, with power af sale, the <br />following: <br />Lots Twenty-Three (23) and Twenty-Four (24) in the Second Addition to Holcomb's <br />Highway Homes Subclivision, An Addition to the City of Grand island, Hall County , <br />Nebraska. <br />Together with all the rents and profits therefrom and subject to easements and restrictions of <br />record, if any. <br />Trustor owes Beneficiary Eighty-Six Thousand Dollars ($86,000), evidenced by Trustor's note of <br />even date, payable to the terms thereof. <br />This Security Instrument secures to Beneficiary the Debt evidenced by said note, the payment of <br />all other sums, with interest, advanced under the provisions hereafter to protect the security and the <br />performance of TrustoPs covenants and agreements. <br />T�ustor covenants that Trustor is lawfu{ly seized by such real estate and has the tegal power and <br />lawful authority to convey the same and warrants and will defend titfe to the reat estate against the lawful <br />claims of all persons. <br />TRUSTOR AND BENEFICIARY AGREE AS FOLLOWS: <br />1. Trustar shall pay when due, the principal and interest as provided in said note. <br />2. All payments received by Beneficiary shall be first applied to advanced, which may have <br />been made by 8eneficiary and then to interest due and last to principle due. <br />3. Trustor shall pay all general real estate taxes and special assessments against the property <br />before the same becorne delinquent. <br />4. If Beneficiary determines that any part of the property is subject to a lien which is or may <br />attain priority over this security instrument, Beneflciary may give Trustor a notice identifying <br />the lien and Trustor shall satisfy the lien within ten (10) days. <br />5. Buyer shall keep the improvements on said premises insured against loss by fire and hazards <br />included within the term "extended coverage° for their insurable value and policies for the <br />same shall include a standard mortgage clause showing Beneficiary herein. In event of loss, <br />Beneficiary may make proaf of loss if not promptly made by Trustor. tnsurance proceeds <br />shall be applied to restoration or repair of the property damaged, unless both parties <br />otherwise agree, except if proceeds shall be paid on the debt herein, whether or not then <br />due. Unless Beneficiary and Trustor otherwise agree in writing, and payments or proceeds <br />from insurance shal! not eutend ar �stpone the due date of the monthly payments provided <br />in said note, or change the amount of payments. <br />6. If Trustor fails to perform the covenants and agreements herein contained, Beneficiary may <br />do and pay for whatever is necessary to protect the value of the property and Beneficiary's <br />rights in the property, including the paying af any sum secured by a lien which has priority <br />over this security instrument, appearing in court, paying reasonable attamey fees and <br />entering the properry to make repairs. Any amount disbursed by Beneficiary under this <br />paragraph shall become an additional debt of Trustor secured by this security instrument, to <br />O <br />N <br />O <br />t-� <br />� <br />O <br />N <br />O <br />N <br />� <br />��,�b <br />