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The trustee is Lincoln Federal Savings Bank
<br />( "Trustee "). The beneficiary is Mortgage Electronic
<br />Registration Systems, Inc. ( "MERS ") (solely as nominee for Lender, as hereinafter defined, and Lender's
<br />successors and assigns). MERS is organized and existing under the laws of Delaware, and has an address and
<br />telephone number of PO Box 2026, Flint, MI 45801 -2026, tel. (888) 679 -MERS.
<br />Lincoln Federal Savings Bank
<br />which is organized and existing under the laws ofthe United States of America , and whose address is
<br />631 West Second St. Hastings, NE 68901 ( "Lender ").
<br />Borrower owes Lender the principal sum of Eighty Six Thousand Eight Hundred Thirty and 00 /100_
<br />Dollars (U � )
<br />.S. $ 86 830.00 This debt is
<br />evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for
<br />monthly payments, with the full debt, if not paid earlier, due and payable on September 01, 2040
<br />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 under paragraph 7 to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property located in Hall County, Nebraska:
<br />Lot Twenty (20), Block One (1), Koehler Place, City of Grand Island, Hall County, Nebraska
<br />which has the address of 349 South Plum Street
<br />[Street]
<br />Grand Island ,Nebraska 68801 ( "Property Address ");
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security
<br />Instrument as the "Property". Borrower understands and agrees that MERS holds only legal title to the
<br />interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom,
<br />MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of
<br />those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any
<br />action required of Lender including, but not limited to, releasing or canceling this Security Instrument.
<br />16256.CV (11/07) 03 -1110 Page 1 of5
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<br />PURCHASE MONEY
<br />State of Nebraska
<br />DEED OF TRUST
<br />FHA Case No.
<br />321- 2907986 703
<br />MIN: 100328800020171647
<br />THIS DEED OF
<br />TRUST ( "Security Instrument ") is made on
<br />August 20th
<br />2010
<br />The trustor is Steve Burns, a single person
<br />( "Borrower ").
<br />The trustee is Lincoln Federal Savings Bank
<br />( "Trustee "). The beneficiary is Mortgage Electronic
<br />Registration Systems, Inc. ( "MERS ") (solely as nominee for Lender, as hereinafter defined, and Lender's
<br />successors and assigns). MERS is organized and existing under the laws of Delaware, and has an address and
<br />telephone number of PO Box 2026, Flint, MI 45801 -2026, tel. (888) 679 -MERS.
<br />Lincoln Federal Savings Bank
<br />which is organized and existing under the laws ofthe United States of America , and whose address is
<br />631 West Second St. Hastings, NE 68901 ( "Lender ").
<br />Borrower owes Lender the principal sum of Eighty Six Thousand Eight Hundred Thirty and 00 /100_
<br />Dollars (U � )
<br />.S. $ 86 830.00 This debt is
<br />evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for
<br />monthly payments, with the full debt, if not paid earlier, due and payable on September 01, 2040
<br />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 under paragraph 7 to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property located in Hall County, Nebraska:
<br />Lot Twenty (20), Block One (1), Koehler Place, City of Grand Island, Hall County, Nebraska
<br />which has the address of 349 South Plum Street
<br />[Street]
<br />Grand Island ,Nebraska 68801 ( "Property Address ");
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security
<br />Instrument as the "Property". Borrower understands and agrees that MERS holds only legal title to the
<br />interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom,
<br />MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of
<br />those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any
<br />action required of Lender including, but not limited to, releasing or canceling this Security Instrument.
<br />16256.CV (11/07) 03 -1110 Page 1 of5
<br />OOTO(0020ee5h)
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