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<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security Instrument") is made on March 17, 2010. The grantor is RHONDA S
<br /> NIEMOTH, A SINGLE PERSON, whose address is 10 VIA TRIVOLI AND 3010 W 10TH ST, GRAND
<br /> ISLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign
<br /> the 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 Arend .
<br /> R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary
<br /> is Home Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws
<br /> of the United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br /> ("Lender"). RHONDA S NIEMOTH owes Lender the principal sum of One Hundred Fifteen Thousand
<br /> Forty-nine and 00/100 Dollars (U.S. $115,049.00), which is evidenced by the note, consumer loan agreement, or
<br /> similar writing dated the same date as this Security Instrument (the "Note"), which provides for monthly payments
<br /> ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on September 20, 2010. This
<br /> Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br /> renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced to
<br /> protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br /> Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br /> Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br /> irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br /> the COUNTY of HALL, State of Nebraska:
<br /> Address: 10 VIA TRIVOLI AND 3010 W 10TH ST, GRAND ISLAND, Nebraska 68803
<br /> Legal Description: LOT THREE (3), BLOCK FOUR (4), COLONIAL ESTATES SECOND
<br /> SUBDIVISION, AN ADDITION TO THE CITY OF GRAND ISLAND, AS SURVEYED, PLATTED
<br /> AND RECORDED IN HALL COUNTY, NEBRASKA,
<br /> AND
<br /> LOT TEN (10), IN BLOCK ONE (1), CONTINENTAL GARDENS, AN ADDITION TO THE CITY
<br /> 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 2.26.31. 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 /> m 2004-2009 Compliance Systems, Inc. 002D-7CC1 - 2009.12.368
<br /> Consumer Real Estate - Security Instrument DU036 Page 1 of 6 www.complimcesystow.com
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