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<br /> 1
<br /> DEED OP' TRUST
<br /> THIS DEED OF TRUST is made as of the ��,� day of March, 1998, by and
<br /> among JOE f3ARCiA and ANGELA GARCIA, husband and wife, ("TRUSTOR"), whose °}
<br /> mailing addreae iss 1407 North Cherry street, Grand Island, Nebraska 68801 and � �
<br /> EARL D. AHL3CHWgDE, Attorney at Law, (°TRUSTBB"), whose mailing address iss P. �
<br /> O. Box 2300, (irand Island, Nebraska 68802 and GRAND I8LAND AREA HABITAT FOR
<br /> HUMANITY, INC., a Nebraeka Corporation, ("BENEFICIARY"), whose mailinq addrese ��,
<br /> iss P. O. Sox 1001, arand Island, Nebraska 68802.
<br /> FOR VALUABLE CON3IDERATION, Trustor irrevocably tranefera, conveys, and
<br /> assigne to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security
<br /> of Beneficiary, under and subject to the terma and conditiona of thie Deed of
<br /> Trust, the real property located in the County of Hall, State of Nebraska, and
<br /> legally described as followe: (the "Property"):
<br /> Lot Eleven (il), Block Fourteen (14) Meth's Addition
<br /> to the City of Grand Island, Hall Couaty, Nebraska.
<br /> TOGETHER WITH all rente, easements, appurtenancea, hereditaments,
<br /> interests in adjoininq roads, streets and alleye, improvemente and buildinge
<br /> of any kind aituated thereon and all personal property that may be or
<br /> hereafter becane an integral part of auch buildinga and improvemente.
<br /> The property and the entire eatate and intereat conveyed to the Trustee
<br /> are referred to collectively ae the "Trust Estate".
<br /> FOR THE PURPOSE OF' SECURINGs
<br /> a. Payment of indebtednese in the total principal amount of $40,409.15
<br /> with no intereat thereon, as evidenced by the certain Promissory Note of even
<br /> date (the "Note") with a maturity date of April l, 2018, executed by Truator,
<br /> which has been delivered and ia payable to the order of Beneficiary, and which
<br /> by this reference is hereby made a part hereof, and any and all modificatione,
<br /> extensions and renewals thereof, and,
<br /> b. Payment of all auma advanced by Beneficiary to protect the Truat
<br /> Latate, with no interest thereon.
<br /> This Deed of Trust, the Note, and any other instrument given to evidence
<br /> or further aecure the payment and performance of any obligation secured hereby
<br /> are referred to collectively se the "Loan Inetrumenta".
<br /> TO PROTBCT THI� SECURITY OF THIS DEED OF TRUST:
<br /> 1. PAYMENT OF INDEBTEDNESS Trustor ehall pay when due the princi al
<br /> of, and the intereat on, the indebtednesa evidenced by the Note, chargee,pfeee
<br /> and all other eume ae provided in the Loan ;nstruments.
<br /> 2. TAXES. Truator shall pay each installment of all taxes and apecial
<br /> asaeasments of every kind, now or hereafter levied against the Trust Eetate or
<br /> any part hereof, before delinquency, without notice or demand, and shall
<br /> provide Beneficiary with evidence of the payment of same. Trustor ahall pay
<br /> all taxes and asaessmente which may be levied upon Beneficiary's interest
<br /> herein or upon this Deed of Trust or the debt aecured hereby, without regard
<br /> to any law that may be enacted impoaing payment of the whole or any part
<br /> thereof upon the Beneficiary.
<br /> 3. INSURANCE AND REPAIRS Trustor shall maintain fire and extended
<br /> coverage insurance insuring the improvements and buildinge constitutinq part
<br /> of the Trust Estate for an amount no less than the amount of the unpaid
<br /> principal balance of the Note (co-insurance not exceeding 80$ permitted) .
<br /> Such insurance. policy shall contain a standard mortqage clause in favor of
<br /> Beneficfary and shall not be cancelable, terminable, or modifiable without ten
<br /> (10) days prior written notice to Beneficiary. Trustor shall promptly repair,
<br /> maintain and replace the Truat Estate or any part thereof so that, except for
<br /> ordinary wear and tear, the Trust Estate shall not deteriorate. In no event
<br /> �hall tha Trustor commit waote on or to the Truet �state.
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