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<br /> THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO:
<br /> Home Federal Savings&Loan Association of Home Federal Savings&Loan Association of
<br /> Grand Island Grand Island
<br /> 221 South Locust Street 221 South Locust Street
<br /> GRAND ISLAND,NE 68801 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 December 3, 2013. The grantor is Marion D.
<br /> Larsen Trustee of the Marion D.Larsen Revocable Trust Agreement dated October 18,2008,as amended,a
<br /> Nebraska Trust, whose address is 1429 Stagecoach Rd, GRAND ISLAND, Nebraska 68801 ("Borrower").
<br /> Borrower is not necessarily the same as the Person or Persons who sign the Note. The obligations of Borrowers
<br /> who did not sign the Note are explained further in the section titled Successors and Assigns Bound; Joint and
<br /> Several Liability; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is P.O.
<br /> Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan
<br /> Association of Grand Island,which is organized and existing under the laws of the United States of America and
<br /> whose address is 221 South Locust Street, Grand Island,Nebraska 68801 ("Lender"). Marion D Larsen owes
<br /> Lender the principal sum of One Hundred Ninety-five Thousand One Hundred Thirteen and 00/100 Dollars
<br /> (U.S. $195,113.00), which is evidenced by the note, consumer loan agreement, or similar writing dated the same
<br /> date as this Security Instrument(the "Note"), which provides for periodic payments ("Periodic Payments"), with
<br /> the full debt, if not paid earlier, due on December 1, 2018. This Security Instrument secures to Lender: (a) the
<br /> repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the
<br /> Note; (b)the payment of all other sums, with interest, advanced to protect the security of this Security Instrument
<br /> under the provisions of the section titled Protection of Lender's Rights in the Property; and(c)the performance
<br /> of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower,
<br /> in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br /> power of sale,the following described property located in the County of Hall, State of Nebraska:
<br /> Address: 1429 Stagecoach Rd,GRAND ISLAND,Nebraska 68801
<br /> Legal Description: Villa No. Eleven (11), Fairway Villas Condominium Property Regime II, Grand
<br /> Island,Hall County,Nebraska
<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 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 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. 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 final,non-appealable judicial opinions.
<br /> Application of Payments. Unless Applicable Law provides otherwise, all payments received by Lender shall be
<br /> applied: first, to any prepayment charges due under the Note; second, to interest due; third, to principal due; and
<br /> last,to any late charges due under the Note.
<br /> Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br /> Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br /> 2004-2012 Compliance Systems,Inc CECA-9E04-2011L2.10.600
<br /> Consumer Real Estate-Security Instrument DL2036 Page 1 of 5 www compliancesystems.com
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