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<br />(Space Ahove This Line For Recording Dala) 2 ~• ~
<br />DEED OF TRUST •J
<br />THIS DEED OF TRUST ("Security Instrument") is made o-> August 27, 2010. The grantors are AllAM D
<br />GROPE and HEA1"HER GRUPE, ITUSBAND AND WIFE, whose address is 7500 SKY PARK DR, GRAND
<br />ISLAND, Nebraska 6$$01 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign
<br />the Note. The obligations of Borrowers who did :not sign the Note are explained further in the section titled
<br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend
<br />R. Baack, Attorney whose address is P.O. Box 790,. Grand Island, Nebraska 68802 ("Trustee"). T'he beneficiary
<br />is Home Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws
<br />of the United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). ADAM D GRUPE and HEATHER GRUPE owe Lender the principal sum of Twelve 'I"housand
<br />Nipety-eight and 00/100 Dollars (U.S. $12,098.00), which is evidenced by the note, consumer loan agreement, or
<br />similar writing dated the same date as this Security instrument (the "Note"), which provides for periodic payments
<br />("Periodic Payments"), with the full debt, if not paid earlier, due and payable on September 10, 2015. This
<br />Security Instrument secures to Leader: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced to
<br />protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COUNTY of HALL, State of Nebraska:
<br />Address: 904 E. 11'1"N ST, GRANII ISLAND, Nebraska 68801.
<br />Legal Description: LOTS EIGIIT ($) AND NINE (9) BLOCK ONF. (1) IN PLEASANT HILL
<br />ADDITION, IN 7"HE CITY OF CRAND ISLANll, HALL COUN'T'Y, 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 COVENANT'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, suE?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 />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 .L.ender'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 is 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 />premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (1)
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow. Items."
<br />Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a
<br />federally related mortgage loan may require for Borrower's escrow account. under the federal .Real Estate
<br />Settlement Procedures Act of 1974 as amended from time to tithe, 12 U.S.C. Section 2601 et seq. ("RESPA"),
<br />unless another Applicable Law that applies to the Funds sets a lesser amount. If so, Lender may, at any time,
<br />collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds
<br />due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in
<br />accordance with Applicable Law.
<br />2) 20D4-2009 Compliance Systems, Inc. 002D-SBFB - 20D9.123G8
<br />Consumer. Rent Gstnte -Security Instniment D1.2036 Pagc I of ( www.cnmpliuncesystems.cnm
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