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<br /> LOAN NUMBER: 010061164$
<br /> DEED OF TRUST
<br />
<br /> THIS DEED OF TRUST ("Security Instrument") is made on July 21, 2009. The grantor is DOUGLAS J
<br /> BEAMAN and CINDY D BEAMAN, HUSBAND AND WIFE, whose address is 1727 DOREEN ST, Grand
<br /> Island, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the
<br /> Note. The obligations of Borrowers who did not sign the Note are explained further in the section titled
<br /> Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Are-n) AvAa-,wC,
<br /> ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organized A 11"r^q
<br /> and existing under the laws of the United States of America and whose address is 221 South Locust Street,
<br /> Grand Island, Nebraska 68801 ("Lender"). DOUGLAS J BEAMAN and CINDY D BEAMAN owe Lender the
<br /> principal sum of Eleven Thousand Eighty-rive and 00/100 Dollars (U.S. $11,085.00), 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 July 20, 2012, 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: 1727 DOREEN ST, Grand Island, Nebraska 68803
<br /> Legal Description: LOT TWENTY ONE (21), WEST BEL AIR FIFTH SUBDIVISION, IN THE
<br /> 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 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 /> C 2004-2008 Copyright Compliance Systems, Inc. 74ED-A732 - 2008.10.289 www.compliancesysterns.com
<br /> Consumer Real Estate - Security Instrument DL2036 Page 1 of 6 800-968-8522 - Fax 616-956-1868
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