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<br />(Space Above This Line For Recording Uata)
<br />DEED OF TRUST
<br />THIS DEED OF 'I"RUST ("Security Instrument") is made on March 1, 2010. The grantors are KLRK D
<br />YOACHIM, husband and wife, and WANAA FAY YOACHIM, whose address is 202 N 2Nll ST, Doniphan,
<br />Nebraska 68832 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Note.
<br />The obligations of Borrowers who did not sign the Note are explained further in the section titled Successors and
<br />Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baack,
<br />Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("'trustee"). The beneficiary is IIome
<br />Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws of the
<br />United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). KIRK D YOACHIM and WANDA FAY YOACHIM owe Lender the principal sum of Forty-
<br />three Thousand Two Hundred Fourteen and 47/100 Dollars (U.S. $43,214.47), which is evidenced by the note,
<br />consumer loan agreement, or similar writing dated the same date as this Security Instrument (the "Note"), which
<br />provides for periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on
<br />April 15, 2016. "Phis Security Instrument secures to Lender: (a) the repayment of the debt evidenced. by the Note,
<br />with 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 Note. 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 COUN'T'Y of HALL, State of Nebraska:
<br />Address: 202 N 2ND S'I', Doniphan, Nebraska 68832
<br />Legal Description: LOT EIGHT (8), BLOCK EIGHT (8), ORIGINAL TOWN OF DONIPHAN,
<br />IIALL COUNTY, NEBRASKA
<br />TOGE'I'HE,R 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 demaitds, 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 226.3. 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 />Instntment, 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 sul?ject 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 "Applicahle I~aw" shall mean all controlling
<br />applicable federal, state azzd 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 (i'Funds") for: (a)
<br />yearly taxes and assessments which may attain priority over this Security Instrument as a lien ozz 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 paragrapl~ titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items, are called "Escrow Items."
<br />3b . s o
<br />H~ 2004-2009 Compliance Systems, Inc. 002D-ECF7 - 2009,12368
<br />Consumer Real Estate -Security Instrument DL2036 Page I ol'6 www.complianccsystans.com
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