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�� <br />� <br />�� <br />s� <br />N � <br />B � <br />� � <br />� �� <br />B <br />� � <br />� - <br />� <br />� <br />�� <br />+ut <br />�;� <br />e+� <br />� <br />� <br />�, <br />�:� <br />�� <br />A <br />r � <br />r <br />c � :; - <br />o� <br />� �'. <br />�t <br />c� <br />(n <br />� <br />i'1 <br />� <br />o (� '"a <br />� <br />o ` _, <br />r� � <br />r*� <br />0 <br />era <br />� <br />� c� cn <br />`—' o --� <br />C A <br />� � I�'t <br />—c '"{ <br />� <br />C7) <br />� <br />� <br />W <br />W <br />C.�,3 <br />0 <br />� "TI <br />� � <br />z rn <br />m � <br />� � <br />r y' <br />u� <br />� <br />A <br />cn <br />Cr> <br />�` <br />�� <br />4t <br />,.�� <br />-;,. <br />� <br />� <br />C <br />� � <br />� <br />� � <br />� <br />��, <br />� <br />� d� <br />20110348� <br />DEED OF TRUST <br />THIS DEED OF TRUST is made on May 6, 2011 <br />7he Trustors are Matthew R. Leffler and Angela K. Leffler, husband and wife, also known as Borrower. <br />7he Trustee is the City of Grand Island � <br />The Beneficiary is Equitabie Bank, also known as Lender. <br />Beneficiary's address is 809 W. Charles Street, Grand Island, NE, 68801. <br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, fhe following: <br />Lot (2), in Block Two (2), in Wiebe's Additlon to the City of Grand Island, Hall County, Nebraska <br />together with all the rents and profits therefrom and subject fo easemenfs and restrictions of tecord, if any. <br />0 <br />N <br />O <br />F <br />t--� <br />0 <br />�� <br />� <br />� <br />� <br />�D <br />1�� � <br />� <br />Borrower owes Lender up to $20,000, evidenced by Borrower' Note of even date, payable according to the <br />terms thereof. <br />This Security Instrument secures to Lender the Debt evidenced by said Nofe, the payment of all other sums, <br />with interest, advanced under the provisions hereafter to protect the security and the pertormancy of Borrower' <br />covenants and agreements. <br />Borrower covenants that Borrower is lawfully seized of such real estate and have the legal power and.lawful <br />authority to convey the same and warrant and will defend title to the real estate againsf the lawful claims of ail <br />persons, <br />BORROWER AND LENDER 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 may have been made by <br />Lender and then to interest due and last to principal due. <br />3. Borrower shall pay all general real estate taxes and special assessments against the property before <br />the 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 may give Borrower a notice identifying the lien and Borrower shall satisfy the lien <br />within ten (10) days. <br />5. Borrower shall keep the improvemenfs 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 same shall include a <br />standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss if not promptly <br />made by Borrower. Insurance proceeds shall be applied to restoration or repair of the property damaged, unless <br />both parties otherwise agree, except if restoration or repair is not economically feasible or Lender's security is n�t <br />lessened, otherwise said proceeds shall be paid m the debt herein, whether or not then due. Lender shall be listed <br />on such insurance poficy as "Loss Payee". <br />Page 1 of 3 <br />