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<br />DEED OF TRUST
<br />~~ .~~
<br />THIS DEED OF TRUST ("Security Instrument") is made on February 22, 2010. The grantors are BARRY A
<br />SKALBERG, husband and wife, and TRACI L SKALBERG, whose address is 4025 REGAL DRIVE,
<br />GRAND ISLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Ferson or Persons
<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 Sound; Joint and Several LiRbility; Arcon:modation Signers. The tI^astee is
<br />Arend R. Baack, 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 existing
<br />under the laws of the United States of America and whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"). BARRY A SKALBERG and TRACI L SKALBERG owe Lender the principal sum
<br />of Sixty-five Thousand Thirty and 50/100 Dollars (U.S. $65,030.50), which is evidenced by the note, consumer
<br />loan agreement, or similar writing dated the satne date as this Security Instrument (the "Note"), which provides for
<br />monthly payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on August 21,
<br />2010. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with
<br />interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with
<br />interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Nate. For this purpose, Borrower, in consideration of the debt and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 4025 REGAL DRIVE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT FOUR (4) IN CASTLE ESTATES SUBDIVISION, HALL COUNTY,
<br />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 Froperty 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 tln-ee business days prior to the executicn 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 (~
<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 />®2004-2009 Compliance 5ystcros, Inc. 002D-4818 - 2009.12.368
<br />Consumer Real Estate -Security Instrument b42036 Page 1 of6 www.complianccaystcros.com
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