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<br />(Space Above T'his L.ine For Recording Data)
<br />DEED OF TRUST
<br />"I'HIS DEED OF TRiTST ("Security Instrument") is made on Decernber 7, 2010. The grantors are DIXIE L
<br />WHIT� and GARY R WHITE, WIFE AND HUSBAND, whose address is 2115 RIVERSIDE DRIVE,
<br />GRAND ISLAND, Nebraska 68801 ("Borrower"). Borrower is not necessarily the sarne as the Parsan or Persons
<br />who sign the Note. The obligations of Borrowers who did not sign the Note are explained further in the section
<br />titled Snccessors and Assigns Bound; Joint and Several Liability; Accommodation Siguers. The truatee is
<br />Arend R. Baack, Attorney �vhose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). Th�
<br />beneficiary is Hotne Federal Savings & Loan Associatian of Grand Isl$nd, which is organized and existing
<br />under the laws of the United States of America and whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"). DIXI� L WHITE and GARY R WHITE owe Lender the principal sum of
<br />Seventy-three Thousand Twenty-foar and 50/100 Dollars (U.S. $73,024.50), which is evidenced by the note,
<br />consumer loan agreement, or similar writing dated the satne date as this Security Instrument (the "Note"), which
<br />provides for periodic payments ("Periodic Fayments"), with the full debt, if not paid earlier, due and payable on
<br />December 17, 2015. This Security InsWment secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and madifications of the Note; (b) the payment af all other sums,
<br />with interest, advanced to protect the security of this Security Instrument under the praviaions of the sectian titled
<br />Protection of Lender's Rights in the Property; and (c) the performance of Borrower's cavenants and agreements
<br />under this Security Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the trust
<br />herein created, irrevocably grants and conveys ta Trustee, in trust, with power of sale, the following described
<br />property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 2115 RIVERSIDE DRIVE, GRAND I5LAND, Nebraska 68$O1
<br />Legal Description: LOT FOUR (4) BLOCK THREE (3) SECOND ADDITION TO THE
<br />HOLCOMB'S HIGHWAY SIIBDNYSION IN THE NORTHEAST QUARTER OF THE
<br />NORTHEAST QUARTER (NE 1/4 NEl/4) O�' SECTION TWENTY-EIGHT (28) TONSHIP
<br />ELEVEN (11) NQRTH RANGE NINE (9) WEST OF THE 6TH PM, HAY.L COUNTY, 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 ref�rred to in this Security Tnstrument 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 deznands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />Payment of Principal and Interest; Prep$yment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debt evidenced by the Nate and any prepayment and late charges due under the
<br />Note.
<br />Applicable Law. As used in this Security Instiurnent, the term "Applicable Law" shall mean all contxolling
<br />applicable federal, state and local statutes, regulations, ordinances and admixustrative rules axld orders (that have
<br />the effect of law) as well as all applicable �inal, non-appealable judicial apinions.
<br />Funds for Taxes and Iusurance. 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 Nate 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) ycarly hazard or property insurance
<br />premiums; (d) yearly tlood insurance premiums, 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 />Tnsurance, in liau oF the payment of mortgage insurance premiuzns. These items are called "Escrow Items."
<br />Lender may, at any time, collect and hold Funds in an amaunt not to excced the maximum amount a lender for a
<br />federally related mortgage laan 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. 5ectian 2601 et seq. ("R�SPA"),
<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 amaunt of Funds
<br />�i 200A-2009 Compliance Syatcros, Inc. 002p-975C - 2009.12.368
<br />Consumer Rcal Es[ate - Security Instrumen[ D1,2036 Page I of6 www.compliancesysecros.com
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