|
.~
<br />~....
<br />~.
<br />~ q ., • r , .
<br />N
<br />~ ~~
<br />~ ~,.
<br />~ ~~
<br />~ ~~
<br />rn
<br />cn ~~
<br />W
<br />~ l
<br />~~
<br />~~
<br />
<br /> ~'
<br /> _ y ~' o
<br /> c n = ~~ `° ° n ~
<br />
<br />Z
<br />~ --~
<br />~ r,~ 1'7"1
<br />
<br />~ ~ ..
<br />..~ rrl Q
<br /> N ~ ~ ~
<br />
<br />~ ~
<br />~ _ ~., t--~ ~-, ~ ua Z
<br /> ~ r
<br /> n '~ n
<br />~ e
<br />-~ t~
<br /> r~l
<br />o
<br />3 r
<br />~
<br />t" A
<br />,_.C
<br />C
<br /> ~
<br /> h
<br />` F--~ A C77 2
<br /> `J N ..~°.__. GJ~1 ^I
<br /> GaD ~,,~
<br /> ~
<br />LOAN NUMBER: p100601251
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on dune 2, 2009. The grantor is KIRT LAMBRECHT,
<br />HUSBAND AND WIFE, and GALE D LAMBRECHT, HUSBAND AND WIFE, whose address is 12425 W
<br />CEDAR VIEW RD, Wood River, Nebraska 68883 ("Borrower"). Borrower is not necessarily the same as the
<br />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 Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska
<br />68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is
<br />organized and existing under the laws of the United States of America and whose address is 221 South Locust
<br />Street, Grand Island, Nebraska b8801 ("Lender"). KIRT LAMBRECHT and GALE D LAMBRECHT owe
<br />Lender the principal sum of Ten Thousand Three Hundred Sixty-eight and 55/1.00 Dollars (U.S. $10,368.55),
<br />which is evidenced by the note, consumer loan agreement, or similar writing dated the same date as this Security
<br />Instrument (the "Note"), which provides far periodic payments ("Periodic Payments"), with the full debt, if not
<br />paid earlier, due and payable on June 5, 2014. This Security Instrument secures to Lender: (a) the repayment of
<br />the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the
<br />payment of all other sums, with interest, advanced to protect the security of this Security Instrument under the
<br />provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower, in
<br />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: 12425 W CEDAR VIEW RD, Wood River, Nebraska 68883
<br />Legal Description: LOT ONE (1) K G SUB DIVISION 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 />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 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 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 />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 />~~
<br />0
<br />6~ 2004.2008 Copyright Compliance Systems, Inc. 74ED-6C9E - 2008.10.289 www,complianccsystcros.com
<br />Consumer Real Estatc -Security Instrument DL2036 Page I oF6 800-968.8522 -Fax 616-956-1868
<br />
|