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<br />200709225
<br />
<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 8697
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on October 3, 2007. The grantor is Kory Eddy and
<br />Rebecca Eddy, Husband and Wife, whose address is P.O. Box 218, Cairo, Nebraska 68824 ("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 Pathway Bank whose address is PO Box 428, Cairo,
<br />Nebraska 68824 . ("Trustee"). The beneficiary is Pathway Bank, which is organized and existing under the laws
<br />of the State of Nebraska and whose address is 306 S. High PO Box 428, Cairo, Nebraska 68824 ("Lender").
<br />Kory Eddy and Rebecca Eddy owe Lender the principal sum of Fifty-five Thousand One Hundred Ninety-
<br />two and 48/100 Dollars (U.S. $55,192.48), which is evidenced by the note, consumer loan agreement, or similar
<br />writing dated the same date as this Security Instrument (the "Note"), which provides for periodic payments
<br />("Periodic Payments"), with the full debt, if not paid earlier, due and payable on October 8, 2012. This Security
<br />Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced to protect the
<br />security of this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the
<br />Property; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Note. For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall,
<br />State of Nebraska:
<br />
<br />Address: 4]2 Nubia, Cairo, Nebraska 68824 _
<br />Legal Description: Lot Six (6), and the South Twenty-Eight (28) feet of Lot Five (5), all in Block Two
<br />(2), in the Third Addition to the Town of Cairo, Hall County, Nebraska
<br />
<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 />
<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 />
<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.
<br />
<br />Borrower and Lender covenant and agree as follows:
<br />
<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 ~md late charge>: due tinder the
<br />Note.
<br />
<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 />
<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 (f)
<br />o 2004~2007 Copyright Compliance Syslems, Inc. 8C9C-FC20 - 2007.01,201 www.compliancesystems.com
<br />Consumer Real Estate. Seeufl' Instrument IJL2036 ,.u.. .. ....__.__. PaNe 1 of6 ___.._. "",.,,8.RP;9?8-85n - f" &1 &-95&-18&81
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