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<br />THIS INSTRiJMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />NMLS COMPANY IDENTIFIER: 446443
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island ��
<br />221 South Locust 5treet �o '
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Inshvment") is made on May 31, 2012. The grantors aze RICHARD L
<br />SIlVIPSON and SONJA SIlVIPSON, CO-TRUSTEES OF THE SIlVIPSON FAMILY REVOCABLE
<br />TRUST DATED JULY 1, 1997, whose address is 2203 WOODRIDGE CT, GRAND I5LAND, Nebraska
<br />68801-7233 ("Bonower"). Bonower is not necessarily the same as the Person or Persons who sign the Note. The
<br />obligations of Bonowers who did not sign the Note are explained further in the section tifled Successors and
<br />Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend R Baack,
<br />Attorney whose address is P.O. Bos 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home
<br />Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws of the
<br />United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). RICHARD L SIMPSON and SONJA SIMPSON owe Lender the principal sum of One Hundred
<br />Ninety-flve Thousand Seventy-nine and 50/100 Dollars (LT.S. $195,079.50), wluch is evidenced by the note,
<br />consumer loan agreement, or similaz writing dated the same date as this Security Insirument (the "Note"), wluch
<br />provides for Single payments ("Periodic Payments"), with the full debt, if not paid earlier, due on July 31, 2012.
<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 all other sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this 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 sa1e, the following described properiy located in
<br />the COUNTY of HALL, State of Nebraska:
<br />Address: 2203 WOODRIDGE CT, GRAND ISLAND, Nebraska 68801-7233
<br />Lega1 Description: UNIT FIVE (S�, THE VII.LAGE CONDOMINIUMS, A CONDOMINIUM IN
<br />THE CITY OF GRAND I5LAND, HALL COUNTY, NEBRASKA
<br />NOTE: 426 WOODLAND DR, GRAND ISLAND, NE 68801
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, 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 Instivment as the
<br />"Property."
<br />BORROWER COVENANT5 that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Properly and that the Property is unencumbered, except for encumbrances 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. Boaower shall prompfly 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 final, non-appealable judicial opinions.
<br />Funds for Taaes and Insurance. At Lender's request and subject to Applicable Law, Bonower 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 Instrument as a lien on the Property; (b)
<br />� 2004-2011 Compliance Syetemv, Inc. 9BAD-C818 - 2011L2.0.485
<br />Covs�er Real Fstete - Security Ivstr�eot DL2036 Page l of 6 www.compliem�vYstems•com
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