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<br />(Space Above 77tis Line For Recording Data)
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on July 9, 2010. The grantor is BERNARD W
<br />MORROW JR, A SINGLE PERSON, whose address is 2426 W 18TH ST, GRAND ISLAND, Nebraska 68803
<br />("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Note. The obligations of
<br />Borrowers who did not sign the Note are explained further in the section titled Successors and Assigns Bound;
<br />Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baaclc, Attorney whose address
<br />is g.O: Boz 790- Grrtnd"islaftd, Nebraska X68802 ("Trustee"). The beneficiary is Horne Federal Savings &
<br />Loan Association of Grand Island, which is organized and existing under the laws of the United States of
<br />America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"). BERNARD
<br />W MORROW JR owes Lender the principal sum of Twelve Thousand Five Hundred Eighty and 00/100
<br />Dollars (U.S. $12,580.00), which is evidenced by the note, consumer loan agreement, or similar writing dated the
<br />same date as this Security Instrument (the "Note"), which provides for periodic payments ("Periodic Payments"),
<br />with the full debt, if not paid earlier, due and payable on July 30, 2015. This Security Instrument secures to
<br />Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and
<br />modifications of the Note; (b) the payment of all other sums, with interest, advanced to protect the security of this
<br />Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and
<br />(c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this
<br />purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located in the COUNTY of HALL, State of
<br />Nebraska:
<br />Address: 2426 W 18TH ST, GRAND ISLAND, Nebraska 68803
<br />Legal Description: A TRACT OF LAND COMPRISING A PART OF LOTS SIXTEEN (16) AND
<br />EIGHTEEN (18), BLOCK THIRTEEN (13), SCARFF'S ADDITION TO WEST LAWN, GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />COMMENCING AT THE SOUTHWEST CORNER OF LOT 18 PROCEEDING IN AN EASTERLY
<br />DIltECTION ALONG AND UPON THE SOUTH LINE OF LOT 18, A DISTANCE OF 65 FEET,
<br />THENCE PROCEEDING ON A NORTHERLY DIRECTION PARALLEL TO THE EAST LINE OF
<br />SAID LOTS 16 AND 18, A DISTANCE OF 104 FEET TO A POINT ON THE NORTH LINE OF
<br />LOT 16, THENCE PROCEEDING IN A WESTERLY DIRECTION ALONG AND UPON THE
<br />NORTH LINE OF SAID LOT 16, A DISTANCE OF 64.73 FEET TO THE NORTHWEST CORNER
<br />OF LOT 16, THENCE PROCEEDING IN A SOUTHERLY DIRECTION ALONG AND UPON THE
<br />WEST LINE OF LOTS 16 AND 18, A DISTANCE OF 104 FEET TO THE POINT OF BEGINNING.
<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 Nate 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 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 />®2004-2009 Compliance Systems, Inc. 002D-28AS - 2009.12.368
<br />Consumer Real Estate - Security Instrument DL2036 Page 1 of 6 www.eomplianccsystems.cam
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