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<br />(Space Above This Line Fnr Recording Data)
<br />DEEll OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made onS-13--2010 The grantors are All.AAI D GRLIPE,
<br />HUSBAND AND WIFE, and HEATHER L GRLIPE, HUSBAND AND WIFE, whose address is 7500 SK1'
<br />PARR RD, Grand Island, Nebraska 68801 ("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; Accontrnodatiorz Signers. The
<br />trustee is Arend R. Baack, Attorney whose address is PA. Box 790, Grarrd Island, Nebraska 68802 ("Trustee").
<br />T'he beneficiary is Home Federal Savittgs & 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 Sauth Locust Street, Grand Islartd,
<br />Nebraska 68801 !"Lender"). ADAM D GRLIPE and HEATHER L GRLIPE owe Lender the principal sum of
<br />Thirty-two thousand four hundred ninety-nine and 41 /00(32,499.41~,hich is evidenced
<br />by the note, consumer loan agreement, or similar writing dated the same date as this Security Instrument (the
<br />"Note",), which provides for periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due
<br />and payable on Ap>,i120, 2014This Security Instrument secures to Lender: (a) the repa~7rtent of the debt
<br />evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the paytment
<br />of all other sums, with interest, advanced to protect the security of this Security Instrurent under the pravisions of
<br />the section titled Protection of Lender's Rights in the Propexh; and (c) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Note. For this purpase, Borrower, in
<br />consideration of the debt and the trust herein created, irrevocably grants and conveys to "fntstee, in trust, with
<br />power of sale, the following described property located in the COLINTI' of HAIL, State of Nebraska:
<br />d
<br />Address: ; 461 Venus, Alda NE 68$10
<br />Legal Description: Eat 61, Arga Fourth Subdivision, Va.1l.age of Alda, Nall C:nunty,
<br />Nebraska, according to tkte recorded plat thereof.
<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 Instzuznent as the
<br />"Property." .
<br />BORROWER COVENANTS that Borrower is la~vfttlly seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is uzzeztcumbered, 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 Instnunent is
<br />subject to the provisions of 1Z 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 dze execution of the Note and this Security
<br />Instrument, or as otherwise required by I2 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 unposed by 12 GFR 226.32 and Applicable Lary.
<br />Borrower and Lender covenant and agree as follows:
<br />Payment of Principal and Iztterest; 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 prepa~7nent and late charges due under the
<br />Nate.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Lativ" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (chat have
<br />the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />Funds for 'I'aaes 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 aver 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 insurauce premiums, if any; (e) yearly mortgage insurance premiums, if any; and (t~
<br />any sums payable by Borrower to Lender, in accordance with the provisions of t}ae paragraph titled ll.ortgage
<br />Insurance, in lieu of the pay~zent of mortgage insurance premiums. These items are called "Fscro~y Items."
<br />®2004-2009 Cottipliancc Sys~ems, Inc. 0^'_C)-~C I A - 2009.12.?68
<br />Cvnyumer Real Estate .Security Inserumcnt UL^0 i6 P~ec I of n ,. .. , i.. ~^r'.~z^.ces.Yrr*s : •m
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