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<br />(Space Above This Line For Recording Data)
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<br />LOAN NUMBER: 7262
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<br />3/.50
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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST ("Security Instrument") is made on June 6, 2006. The grantor is Gary L. Packer, whose
<br />address is 311 W 13th St, Wood River, Nebraska 68883 ("Borrower"). Borrower is not necessarily the same as
<br />the Person or Persons who sign the Note. The obligations of Borrowers who did not sign the Note are explained
<br />further in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. The trustee is The State Bank of Cairo ("Trustee"). The beneficiary is The State Bank of Cairo, which
<br />is organized and existing under the laws of the State of Nebraska and whose address is 306 S. High PO Box
<br />428, Cairo, Nebraska 68824 ("Lender"). Gary L. Packer owes Lender the principal sum of Twelve Thousand
<br />One Hundred Seventy-five and 001100 Dollars (U.S. $12,175.00), 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, ifnot paid earlier, due and payable on July 10,2011.
<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 sale, the following described property located in
<br />the County of Hall, State of Nebraska:
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<br />Address: 311 W 13th St, Wood River, Nebraska 68883
<br />Legal Description: The North Two Thirds (2/3) of Lots Four (4), Five (5), and Six (6) in Block
<br />"A", First Addition to Wood River, City of Wood River, Hall County, Nebraska
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<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. "
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<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.
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<br />Secured Indebtedness. The debt evidenced by the Note and which is secured by this Security Instrument is
<br />subject to the provisions of 12 CFR 226.32. Borrower acknowledges that Borrower has received the disclosures
<br />prescribed by 12 CFR 226.32 at least three business days prior to the execution of the Note and this Security
<br />Instrument, or as otherwise required by 12 CFR 226.31. Borrower and Lender further acknowledge and agree that
<br />this Security Instrument will secure additional debt subject to 12 CFR 226.32 only if Lender satisfies the necessary
<br />requirements imposed on such debt imposed by 12 CFR 226.32 and Applicable Law.
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<br />Borrower and Lender covenant and agree as follows:
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<br />Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debtevidenced})tt~~ '!'Jo!~af.ld ~tE.~~e3;l'~~Ilt _an,d late__~harge.~ due under the
<br />Note. - - -- ..' - ." - -- - .... .
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<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.
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<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 Instrument 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 (t)
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br />Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a
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<br />~ 2004-2006 Copyright Compliance Systems, Inc. 6037.3F5D. 2006.02.152
<br />Consumer Real Estate - Security Instrument DL2036
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