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�� <br />�� <br />�� <br />- <br />B <br />�� <br />� �� <br />� �� <br />� �� <br />B <br />- <br />�� <br />�� <br />�� <br />� ` <br />� � <br />� � <br />� � <br />� � <br />� � <br />� � <br />�l <br />� <br />� <br />�l <br />�� <br />N� <br />d� <br />� <br />� <br />� <br />� <br />� <br />� <br />�� <br />r �- <br />r r � - <br />C : �= : _ <br />Q �^. <br />I''"1 �' � : <br />� �, <br />P� <br />� <br />n <br />�� <br />o i `� � <br />� <br />o � <br />� � <br />m <br />a <br />«r� <br />r.: <br />:=: c� cn <br />. . o -a <br />_ c n <br />z --� <br />� ,� m <br />� <br />F _"p <br />� <br />� <br />F-� <br />O <br />C.J1 <br />W <br />Q <br />� � <br />� � <br />a r,'� <br />D Cz� <br />� � <br />f D <br />(/� <br />� <br />D <br />� <br />Cn <br />�a <br />�t <br />'/� <br />�s <br />ae9a � � . <br />' aTf � ., <br />�� <br />� � <br />� � <br />9 <br />� <br />DEED OF TR(1ST <br />THIS DEED OF TRUST is made on May 2, 2011 <br />The Trustors are Elizabeth M. Patterson, also known as Borrowers. <br />The Trustee is the Jason Eley, Grand Island City Attorney. <br />The Beneficiary is City of Grand Island, also known as Lender. <br />Beneficiary's address is PO Box 1968, Grand Island, NE 68802-1968. <br />Borrowers irrevocably convey to Trustee, in Trust, with power of sale, the following: <br />The Southerly 65.9 Feet of Lot Four (4), in Block One Hundred Twenty-three (123), Union Pacffic <br />Railway Company's Second Addition to the City of Grand Island, Hali County, Nebraska <br />together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. <br />Borrowers owe Lender up to $25,000.00, evidenced by Borrowers' Note of even date, payable according to <br />the terms thereof. <br />This Security Instrument secures to Lender the Debt evidenced by said Note, the payment of all other sums, <br />with interest, advanced under the provisions hereafter to protect the security and the pertormancy of BoROwers' <br />covenants and agreements. <br />Borrowers covenant that Borrowers are lawfully seized of such real estate and have the legal power and <br />lawful authority to convey the same and warrant and will defend title to the real estate against the lawful claims of all <br />persons. <br />BORROWERS AND LENDER AGREE AS FOLLOWS: <br />1. Borrowers 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. Borrowers 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 prioriry over <br />this security instrument, Lender may give Borrowers a notice identifying the lien and Borrowers shall satisfy the lien <br />within ten (10) days. <br />5. Borrowers shall keep th� 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 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 Borrowers. 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 not <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 policy as "Loss Payee". <br />;o <br />iV <br />v <br />� <br />}--.. <br />V <br />�C <br />O <br />� <br />O <br />� <br />� <br />,�� <br />/� <br />Page 1 of 3 <br />