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<br />THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />ZZl South Locust Street
<br />GRAND ISLAND, NE 68801
<br />AFTER RECORDING RETURN T�:
<br />Home Federal Savings & Loan Association 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
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<br />THIS DEED OF TRUST ("Security Instrument") is made on March 21, 2012. The grantors aze WILLIAM L
<br />MORROW and BONNIE L MORROW, A/K/A BONNIE LOU MORROW, HUSBAND AND WII�E, whose
<br />address is 2025 N LAFAYETTE, GRAND I5LAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily
<br />the same as the Person or Persons who sign the Note. The obligations of Borrowers who did not sign the Note are
<br />explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation Signers. The tivstee is Arend R. Baack, Attorney whose address is P.O. Boz 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand
<br />Island, which is organized and existing under the laws of the United 5tates of America and whose address is 221
<br />South Locust Street, Grand Island, Nebraska 68801 ("Lender"). WILLIAM L MORROW and BONNIE L
<br />MORROW owe Lender the principal sum of Nine Thousand Eighty and 00/100 Dollars (U.S. $9,080.00), which
<br />is evidenced by the note, consumer loan agreement, or similar writing dated the same date as this Security
<br />Instrument (the "Note"), which provides for periodic payments ("Periodic Payments"), with the full debt, if not
<br />paid earlier, due and payable on April 1, 2017. This Security Instcvment secures to Lender: (a) the repayment of
<br />the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the
<br />payment of all other sums, with interest, advanced to protect the security of tlus Security Instrument under the
<br />provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Inshument and the Note. For this purpose, Borrower, in
<br />consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in hust, with
<br />power of sale, the following described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 2025 N LAFAYETTE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOTS TWO (2) AND FOUR (4), IN BLOCK EIGHT (8), IN SCARFF'S
<br />ADDITION TO WEST LAWN, AN ADDITION TO THE CITY OF GRAND ISLAND, AALL
<br />COUNTY,NEBRASKA.
<br />TOGETI3ER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixttues 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 />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrattces of record.
<br />Borrower warrants and will defend generally the title to the Property 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 attd late charges due under the
<br />Note.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall meatt 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 final, non-appealable judicial opinions.
<br />Funds for Tages 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 ta�ces and assessments which may attain priority over this Security Instavment 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 premlums, if atty; and (fl
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />� 2004-2011 Compliance Systems, Iac. ADCD-CSOA - 2010L1.15.461
<br />Coustrmer Real Estate - Security Instrument DL2036 Page 1 of 6 www.compliances}stems.com
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