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<br /> DEED Ol�' TRUST
<br /> THIS DEED OF TAU3T ie made as of the (��day of March, 1998, by and
<br /> among JOE GARCIA and ANGELA CiARCIA, husband a�ifo, ("TRUSTOR"), whose
<br /> mailinq addrese is: 1407 North Cherry street, arand Island, Nebraska 68801 aad ��
<br /> EARL D. AHL3CHWEDS, Attorney at LaW, ("TRUSTEB"), whoee mailing addrese iss P.
<br /> O. Box 2300, Grand Island, Nebraeka 68802 and GRAND ISLAND AREA HABITAT FOR �
<br /> HUMANITY, INC., a Nebraska Corporation, ("BENEFICIARY"), whoae mnilinq addresg �
<br /> iss P. O. Box 1001, Grand Island, Nebraska 68802. \
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably tranafera, conveys, and
<br /> aseigne to Trustee, IN TAUST, WITH POWER OF SALE, for the benefit and eecurity
<br /> of Beneficiary, under and aubject to the terms and conditions of this Deed of
<br /> Truat, the real property located in the County of Hall, State of Nebraska, and
<br /> legally described as follows: (the "Property"):
<br /> Lot Eleven (11), Block Fourteen (14) Meth's Addition
<br /> to the City of Grand Ieland, Hall County, Nebraska.
<br /> TOGETHER WITH all rents, easemente, appurtenances, hereditaments,
<br /> interesta in adjoining roada, streets and alleys, improvements and buildinqs
<br /> of any kind aituated thereon and all personal property that may be or
<br /> hereafter become an inteqral part of such buildings and improvemente.
<br /> The property and the entire estate and interest conveyed to the Trustee
<br /> are referred to collectively as the "Truet Estate".
<br /> FOR THE PURPOSS OF SECURINGs
<br /> a. Payment of indebtedness in the total principal amount of $17,480.85
<br /> with no intereat thereon, as evidenced by the certain Promiesory Note of even
<br /> date (the "Note") with a maturity date on demand of the Beneficfary, executed
<br /> by Truator, which hae been delivered and is payable to the order of
<br /> Beneficiary, and which by this reference is hereby made a part hereof, and any
<br /> and all modifications, extensione and renewals thereof, and,
<br /> b. Payment of all aums advanced by Beneficiary to protect the Trust
<br /> Eatate, with no intereat thereon.
<br /> Thia Deed of Truet, the Note, and any other instrument qiven to evidence
<br /> or further secure the payment and performance of any obligation secured hereby
<br /> are referred to collectively as the "Loan Instrumente".
<br /> TO PROTECT THE SECURITY OF THI3 DEED OF TRUSTa
<br /> 1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal
<br /> of, and the interest on, the indebtedness evidenced by the Note, charqes, fees
<br /> and all other sums as provided in the Loan.Instruments.
<br /> 2. TAXES• Truator ahall pay each installment of all taxea and apecial
<br /> asseasments of every kind, now or hereafter levied against the Trust Estate or
<br /> any part hereof, before delinquency, without notice or demand, and ehall
<br /> provide Beneficiary with evidence of the payment of same. Truator shall pay
<br /> all taxes and asaeeements which may be levied upon Beneficiary's interest
<br /> herein or upon this Deed of Trust or the debt secured hereby, without regard
<br /> to any law that may be enacted imposing payment of the whole or any part
<br /> thereof upon the Beneficiary.
<br /> 3. �NSURANCE AND REPAIRS. Trustor shall maintain fire and extended
<br /> coverage ineurance insuring the improvements and buildings constituting part
<br /> of the Truat Estate for an amount no lesa than the amount of the unpaid
<br /> principal balance of the Note (co-fnsurance not exceeding 80$ permitted) .
<br /> Such insurance policy shall contain a standard mortgage clause in favor of
<br /> Beneficiary and ahall 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 Trust 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 th� Trustor commit wsste on or to the Trust Eetate.
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