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<br />State of NEBRASKA
<br />[Space Above This Line For Recording Data]
<br />FHA Case No. 321 - 3004561 -951
<br />Loan No. 5001404.
<br />MIN: 1009400-0005001404-3
<br />FIXED RATE
<br />HOME EQUITY CONVERSION SECOND DEED OF TRUST
<br />THIS INSTRUMENT IS A DEED OF TRUST WHICH SECURES FUTURE ADVANCES
<br />THIS DEED OF TRUST ( "Security Instrument" or "Second Security Instrument ") is made on
<br />August 15, 2011. The trustor is David C. Powers and Rosemary Powers, husband and wife as joint
<br />tenants, whose address is 11 KUESTER LAKE, GRAND ISLAND, Nebraska 68801 ( "Borrower ").
<br />The trustee is the SENIOR OFFICIAL WITH RESPONSIBILITY FOR SINGLE FAMILY
<br />MORTGAGE INSURANCE PROGRAMS IN THE DEPARTMENT OF HOUSING AND URBAN
<br />DEVELOPMENT FIELD OFFICE WITH JURISDICTION OVER THE PROPERTY DESCRIBED
<br />BELOW, OR A DESIGNEE OF THAT OFFICIAL ( "Trustee "). The beneficiary is the Secretary of
<br />Housing and Urban Development, whose address is 451 Seventh Street, SW, Washington, DC 20410
<br />( "Lender" or "Secretary "). Borrower has agreed to repay to Lender amounts which Lender is obligated to
<br />advance, including future advances, under the terms of a Home Equity Conversion Loan Agreement
<br />dated the same date as this Security Instrument ( "Loan Agreement "). The agreement to repay is
<br />evidenced by Borrower's Fixed -Rate Note dated the salve date as this Security Instrument ( "Second
<br />Note "). This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Second Note, with interest at a fixed rate (interest), and all renewals, extensions and modifications of
<br />the Note, up to a maximum principal amount of One hundred Eighty Thousand Dollars and Zero
<br />Cents (U.S. $180,000.00); (b) the payment of all other sums, with interest, advanced under paragraph 5
<br />to protect the security of this Security Instrument or otherwise due under the terms of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Second Note. The full debt, including amounts described in (a), (b), and (c) above, if
<br />not due earlier, is due and payable on March 13, 2085. For this purpose, Borrower irrevocably grants
<br />and conveys to Trustee, in trust, with power of sale, the following described property located in HALL
<br />County, NEBRASKA:
<br />See legal description as Exhibit A attached hereto and made a part hereof for all intents and
<br />purposes
<br />which has the address of
<br />Page 1 of 10
<br />HECM Second Deed of Trust
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<br />State of NEBRASKA
<br />[Space Above This Line For Recording Data]
<br />FHA Case No. 321 - 3004561 -951
<br />Loan No. 5001404.
<br />MIN: 1009400-0005001404-3
<br />FIXED RATE
<br />HOME EQUITY CONVERSION SECOND DEED OF TRUST
<br />THIS INSTRUMENT IS A DEED OF TRUST WHICH SECURES FUTURE ADVANCES
<br />THIS DEED OF TRUST ( "Security Instrument" or "Second Security Instrument ") is made on
<br />August 15, 2011. The trustor is David C. Powers and Rosemary Powers, husband and wife as joint
<br />tenants, whose address is 11 KUESTER LAKE, GRAND ISLAND, Nebraska 68801 ( "Borrower ").
<br />The trustee is the SENIOR OFFICIAL WITH RESPONSIBILITY FOR SINGLE FAMILY
<br />MORTGAGE INSURANCE PROGRAMS IN THE DEPARTMENT OF HOUSING AND URBAN
<br />DEVELOPMENT FIELD OFFICE WITH JURISDICTION OVER THE PROPERTY DESCRIBED
<br />BELOW, OR A DESIGNEE OF THAT OFFICIAL ( "Trustee "). The beneficiary is the Secretary of
<br />Housing and Urban Development, whose address is 451 Seventh Street, SW, Washington, DC 20410
<br />( "Lender" or "Secretary "). Borrower has agreed to repay to Lender amounts which Lender is obligated to
<br />advance, including future advances, under the terms of a Home Equity Conversion Loan Agreement
<br />dated the same date as this Security Instrument ( "Loan Agreement "). The agreement to repay is
<br />evidenced by Borrower's Fixed -Rate Note dated the salve date as this Security Instrument ( "Second
<br />Note "). This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Second Note, with interest at a fixed rate (interest), and all renewals, extensions and modifications of
<br />the Note, up to a maximum principal amount of One hundred Eighty Thousand Dollars and Zero
<br />Cents (U.S. $180,000.00); (b) the payment of all other sums, with interest, advanced under paragraph 5
<br />to protect the security of this Security Instrument or otherwise due under the terms of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Second Note. The full debt, including amounts described in (a), (b), and (c) above, if
<br />not due earlier, is due and payable on March 13, 2085. For this purpose, Borrower irrevocably grants
<br />and conveys to Trustee, in trust, with power of sale, the following described property located in HALL
<br />County, NEBRASKA:
<br />See legal description as Exhibit A attached hereto and made a part hereof for all intents and
<br />purposes
<br />which has the address of
<br />Page 1 of 10
<br />HECM Second Deed of Trust
<br />
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