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<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on May 11, 2010. The grantors are 'TIMOTHY J
<br />DETIILUFF and LAURIE A DETHLOFF, HUSBAND AND WIFE, whose address is 4204 KAY AVE,
<br />GRAND ISLAND, Nebraska 68803-1419 ("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 65802 ("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"), TIMOTHY J DETHLOFF and LAURIE A DETHLOFF owe Lender the principal
<br />sum of Two Hundred Thirty Thousand One Hundred 'I"wenty-eight and 00/100 Dollars (U.S. $230,128.00),
<br />which is evidenced by the note, consumer loan agreement, or similar writing dated the same date as this Security
<br />Instrument (the "Note"), which provides for monthly payments ("Periodic Payments"), with the full debt, if not
<br />paid earlier, due and payable on November 7, 2010. This Security Instrument secures to Lender: (a) the repayment
<br />of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the
<br />payment of all other sums, with interest, advanced to protect the security of this Security Instrument under the
<br />provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower, in
<br />consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 21 KUESTER LAKE, GRAND ISLAND, Nebraska 68801
<br />Legal Description: THE SOUTH ONE HALF (S 1/2) OF LOT EICH'T (8) AND ALL OF LOT NINE
<br />(9) SITUA'I"EI) ON THF, WEST SIDE OF THE WEST PORTION OF KUESTERS LAKE
<br />LOCATED ON THE EAST ONE HALF OF TIIE SOUTIIWEST QUARTER (E1/2 SW 1/4) OF
<br />SECTION THIRTEEN (13), "TOWNSHIP ELEVEN (il), RANGE NINE (9), 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 COVENAN'T'S 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 suk~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 />Nate.
<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 />2004-2009 Compliance Systems, Inc. 002D-1?A22 - 2009.12.368
<br />Consumer Refll Eetate -Security Instrument DL2(136 Pagc I of 6 www.complianccsystcros.com
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