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<br />LOAN NUMBER: 0100608531
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on May 18, 2009. The grantor is JOSEPH D KUTLAS,
<br />husband and wife, and RONNA R .KUTLAS, husband and wife, whose address is 1818 W DIVISION,
<br />Grand Island, Nebraska 68803-5427 ("Borrower"). Borrower is not necessarily the same as the Person ar Fersons
<br />who sign the Note. The obligations of Borrowers who did not sign the Note are explained further in the section
<br />titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />Arend R Baaek, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The
<br />beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organized and existiug
<br />under the laws of the United States of America and whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"). JOSEPH D KUTLAS and RONNA R KUTLAS owe Lender the principal sum of
<br />Ten Thousand Six Hundred Seventy-nine and SO/100 Dollars (U.S. $10,679.50), which is evidenced by the
<br />note, consumer loan agreement, or similar writing dated the same date as this Security Instrument (the "Note"),
<br />which provides for periodic payments ("Periodic Payments"), .with the full debt, if not paid earlier, due and
<br />payable on May 20, 2014. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by
<br />the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other
<br />sums, with interest, advanced to protect the security of this Security Instrument under the provisions of the section
<br />titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower, in consideration of the debt
<br />and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property located in the COUNTY of HALL, state of Nebraska:
<br />Address: 1818 W DIVISION, Grand Island, Nebraska 68803»5427
<br />Legal Description: LOT SEVEN (7) BLOCK FIVE (5) IN CHARLES WASMER'S ADDITION IN
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and ftxtures 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 />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 />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 an 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, ardinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable fmal, non-appealable judicial opinions.
<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 (~
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />® 2004-2008 Copyright Compliance Systems, Inc. 74ED-DE56 - 2008.10.289 www.eomplisncesystems.com
<br />Consumer Real 8atate -Security Instrument DL2036 page I of 6 800-968-8322 -Fax 616-936-1868
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