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<br /> DEED OF TRUST
<br />
<br /> THIS DEED OF TRUST ("Security Instrument") is made on March 23, 2010. The grantors are JERRY L
<br /> BENKER and JEANNE M BENKER, husband and wife, whose address is 1710 W OKLAHOMA AVE,
<br /> GRAND ISLAND, Nebraska 68803-6201 ("Borrower"). Borrower is not necessarily the same as the Person or
<br /> Persons who sign the Note. The obligations of Borrowers who did not sign the Note are explained further in the
<br /> section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The
<br /> trustee is Arend R. Baack, Attorney whose address is P.O..Box 790, Grand Island, Nebraska 68802 ("Trustee").
<br /> The 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"). JERRY L BENKER and JEANNE M BENKER owe Lender the principal sum of
<br /> Hive Thousand Sixty-six and 92/100 Dollars (U.S. $5,066.92), which is evidenced by the note, consumer loan
<br /> agreement, or similar writing dated the same 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 September
<br /> 20, 2012. 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 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 COUNTY of HALL, State of Nebraska:
<br /> Address: 1710 W OKLAHOMA AVE, GRAND ISLAND, Nebraska 68803-6201
<br /> Legal Description: A TRACT OF LAND LOCATED IN THE SOUTHEAST QUARTER OF THE
<br /> NORTHWEST QUARTER (SE 1/4 NW 1/4) OF SECTION TWENTY-ONE (21), IN TOWNSHIP
<br /> ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M., HALL COUNTY,
<br /> NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT
<br /> ON THE SOUTH SIDE OF ANNA STREET IN THE CITY OF GRAND ISLAND, NEBRASKA, 15
<br /> FEET EAST OF THE WEST SIDE OF JACKSON STREET, EXTENDED SOUTHERLY, SAID
<br /> POINT IS ALSO 1,010 FEET SOUTHWESTERLY FROM A POINT WHERE THE SOUTHERLY
<br /> LINE OF ANNA STREET INTERSECTS THE EAST LINE OF THE SOUTHEAST QUARTER OF
<br /> THE NORTHWEST QUARTER (SE 1/4NW1/4) OF SAID SECTION 21: RUNNING THENCE IN A
<br /> SOUTHEASTERLY DIRECTION PARALLEL WITH THE WESTERLY LINE OF JACKSON
<br /> STREET AS EXTENDED A DISTANCE OF 275 FEET; THENCE RUNNING RIGHT 90 DEGREES
<br /> IN A SOUTHWESTERLY DIRECTION 90.4 FEET TO A POINT OF BEGINNING, THENCE IN A
<br /> SOUTHWESTERLY DIRECTION 90.4 FEET; THENCE RUNNING RIGHT 90 DEGREES ALONG
<br /> A LINE PARALLEL WITH THE WEST LINE OF JACKSON STREET, AS EXTENDED, A
<br /> DISTANCE OF 127 FEET; THENCE RIGHT 90 DEGREES ALONG A LINE PARALLEL WITH
<br /> THE SOUTH LINE OF ANNA STREET 90.4 FEET; THENCE RIGHT 90 DEGREES, 127 FEET TO
<br /> THE POINT OF BEGINNING, BEING A TRACT OF LAND 127 FEET BY 90.4 FEET
<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, suk?ject to
<br /> any encumbrances of record.
<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 /> C12004-2009 Compliance Systems, Inc. 002D-CB39 - 2009.12.368
<br /> Consumer Real Estate - Security Instrument DL2036 Page I of `6 w .complianccsy5tems.ewn
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