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<br />DEED OF TRUST
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<br />THTS DEED OF TRLTST ("Security Instrument") is made on Decernber b, 2010. The grantors are JAMES L
<br />MUNDEN and KRISTY K MUNDEN, HUSBAND AND WIFE, whose address is 834 E. OKLAHOMA AVE,
<br />GRAND ISLAND, Nebraska 68$Ol ("Borrower"). Borrower is not necessarily the same as the Person or Persons
<br />who sign the Note. The obligations of Borrowers who did nat sign the Note are explained further in the section
<br />titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The
<br />beneficiary is Home Federal Savings & Loan Assaciation of Grand Island, which is organized and existing
<br />under the laws of the United States of Amcrica and whose address is 221 South Locast Street, Grand Island,
<br />Nebraska b$801 ("Lender"). JAMES L MUNDEN and KRISTY K MUNDEN owe Lender the principal sum of
<br />Eleven Thousand Seventy-nine and 5Q/100 Dollars (U.S. $11,079.50), which is evidenced by the note, consumer
<br />loan agreernent, or similar writing dated the same date as this Security Instrument (the "Note"), which pravides for
<br />periodic payxnents ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on December
<br />15, 2012. This Sscurity Instrument secures ta I,ender: (a) the repayment of the debt avidenced by the Note, with
<br />interest, and all renewals, extensions and modifications af the Note; (b) the payment of all other sums, with
<br />interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Protection of Lender's Rights ln the Property; and (c) the perfarmance of Borrower's covenants and agreements
<br />under this Security Instrument and the Note. For this purpose, Borrower, in conszderation of the debt and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 834 �. OKLAHOMA AV�, GRAND ISLAND, Nebraska 68801
<br />Legal Description: LOT NINE (9) IN BLOCK TWO (2) IN PLEASANT VIEW ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />TOGETHER WITH all the improvemsnts now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures naw or hereafter a part of the property. All replacements and additions shall also be
<br />cavered by this Security Instrument. All af 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 unencuxnbered, sxcept 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 />Borrower and Lender covenant and agree as follows:
<br />Payment of Frincipal and Interest; Prspayment and Late Charges. Borrawer 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 />Applieable 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 Tnsurance. At Lender's request and subject to Applicable Law, Borrower shall pay to
<br />Lender an 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 ihe Property, if any; (c) yearly hazard or praperty insurance
<br />premiums; (d) yearly flood insurance premiuxns, if any; (e) yearly mortgage insurance premiums, if any; and (fl
<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 rnartgage 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 maximurn 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 time, 12 U.S.C. Sectian 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. L.ender may estiznate the amaixnt af Punds
<br />due on the basis of cwrent data and reasanable estimates of expenditures af future Escrow Iterns or otherwise in
<br />accordance with Applicable Law.
<br />� 2004-2009 Comptiancc Systems, lnc. 002D-7FE1 - 2009.12.368
<br />Consumer Real Estate - Security Instrument DL2D36 Page 1 of6 www.complianCCaystems.com
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