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<br />THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Associarion of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND I5LAND, NE b8801
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<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Associstion of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on March 3, 2012. The grantors are DAVID R
<br />YOIJNG and HELEN J YOUNG, HUSBAND AND WIFE, whose address is 8204 TOMAHAWK ROAD,
<br />Prairie Village, Kansas 66208 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br />sign the Note. The obligations af Borrowers who did not sign the Note are explained further in the section titled
<br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend
<br />R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary
<br />is Home Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws
<br />of the United 5tates of America and whose address is 221 Soath Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). DAVID R YOiJNG and HELEN J YOiTNG owe Lender the principal sum of Fifty Thousand Six
<br />Hundred Ninety-one and 30/100 Dollars (U.S. $50,691.30), which is evidenced by the note, consumer loan
<br />agreement, or similar writing dated the same date as this Security Instrument (the "Note"}, which provides for
<br />periodic payments ("Periodic Payments"), with the full debt, if not paid eazlier, due and payable on July 5, 2022.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and
<br />all renewals, extensions and modifications of the Note; (b) the payment of a11 other swns, with interest, advanced
<br />to protect the security of this Security Instiument under the provisions of the section titled Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrowe�'s covenants and agreements under tlus Security
<br />Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COiJNTY of HALL, State of Nebraska:
<br />Address: 114 E. 23RD, GRAND ISLAND, Nebraska 68801
<br />Legal Description: EASTERLY 17.6' OF LOT THREE (3) AND THE WESTERLY 64.45' OF LOT
<br />TWO (2) IN BLOCK TWO (2), OF KNICKREHM FIFTH ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />TOGETHER WITH all the improvements now or hereafter erected on the properly, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Properly."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Properiy and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Properiy against all claims and demands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the
<br />Note.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable fmal, non-appealable judicial opinions.
<br />Funds for Taxes and Insurance. At Lender's request and subject to Applicable Law, Borrower shall pay to
<br />Lender on the day periodic payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a)
<br />yearly taxes and assessments which may attain priority over this Security Inst.rument as a lien on the Property; (b)
<br />yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance
<br />premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (fl
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />cc9 2004-201 I Compliance Systems. Inc. ADCDJ$FC - 20I OLI.19,461
<br />Consumer Reat Estate - Security Instrument DL2036 Page 1 of 6 www.compliancesystems.wm
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