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<br />(5pace Above.This,l.ine Cor Recordin� Llata) .
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<br />�._. ,,.. D��D OF TRUS'i, .
<br />'I'HI.S DEED OF TRUST ("5ec�u�ity I�ast��ument") is uiade on llecember 3, 20.10. Th� graxitors are :OS�AR
<br />A1,VARADQ a��d All�LINA M ALVARADO, husbaud aaid wife, who.se address is 253G �V 4"t'H ST,
<br />GRAIVD ISLAND, N�braska 68$03-4207 ("Borrawer"). Borrower is not ��ecessarily tlie same as tlie Persozi or
<br />Perso�is who s�gn tlie Note. The o6ligarions of $orrpwers who did not sig��. tl�e Note are explaiz�ed furtl�er in the
<br />saction titled 5uccessors aaid Assigns I3ound; Joint and Several Liability; Accommod�tion Signe�•s. The
<br />trustee.is Arend R. Baack, Attorney whose address is P.O. Bax 790, Gratacl lslanci, Nebraska G8802 ("Tnistee").
<br />The bene�ciary is Home Feclert►1 Savings & Loan Associtttion of Grancl Islantl, wliich is oi�ganized atid Existing
<br />ui�der thc laws of tl�e LTx�iced States of Ainerica ai�d whose address is 221 Sv�►tli Locust Street, (�raucl island,
<br />Nebraska 68$O1 ("Lender"). QSCAR ALVAR�I.DO ai�d ADEL,INA M AI.VARAI)O ow� L,e�icler the principat
<br />suin of Eigl�t '1'Niousand Seve»ty-aiine nnd _50/100 1)ollars (U.S. $8,079.50), wliich is evidei�ced Uy tl�e �iote,
<br />coilsuiner loan agxeeinent, oA similac writing dated Che sa�ne date as this Security Iiist�uia?ellt: (tlxe "Note"), wliicli
<br />provicles for periodic payments ("Periodic Payments"), wikf� the full deht, if not paid earliex•, �iue and. payable on
<br />llecember 20, 2015. Tliis Security Instrument sec�ires to Lender: (a) the repay►neilt oF the deUt evidenced, uy the
<br />Note, with iirterest, and all renewals, extensions aiad modi�cations of the Note; (b) the payment of al1 other sui7xs,
<br />witla interest, advanced tn �rotect the security of tliis Security T��strument undei tlie pr,ovisiotls of tlie section titled
<br />Protection of Lender's Rights in tl�e ��•operty; a��d (c) tlxe perFormance of Bon covena�lts and lgree�nents
<br />undar t1�is Security .Cnstr�Ymexat and the Note. Fox• tliis purpose, Borrower, iix coiasicleration of ti�e debt aiid tlze trust
<br />hereut created, irrevocably granCs and conveys to '['rustee, in trust, with pawer of sale, tlie followiug described
<br />property located in the C�UNTY of I�ALL, State oFNebraska:
<br />Address: 253b W 4'1'H ST, GRAND iSLt�ND, Nel�r�ska G8803-4207
<br />Legal Descziption: LQ"I' SIX (6) IN V11tllEN SUI3DIVISIUN IN 7"Hk, CITY U�' (�RAN1? .IS]t,ANll,
<br />HALL COUNTY; NEBRASI{A
<br />TOGE'I'HER W1TH all the unprave�iaents naw or hereafter erected ou Ch� propez and all easemez�ts,
<br />appurtenances, and �xtures now or herea�er a part of the property. All replacenlei�tti aud �dditia��s sliall' alsti be
<br />covered by this Security lnstnune�it. All of tl�e foregoing is ref'eA�red to in tk�is Security Insfrumeitt as the
<br />, �Property.��
<br />BORROWER CO'VENANTS tliat Borrower is lawfiilly s�ised of tl�e. a;;tate hereby co��veyed and l�as tlYe rigl�t to
<br />grant and convey tlie Prope� and that t11e Property is �ine►�cul11Uere.d, excepl for ���cuu�brances of record.
<br />Borrower warz and will defend gei�erally tl�e title to tlie Property against all claims aL►d demands, subject: to
<br />any encuzxibrazices c�f record. ..
<br />Secured Indebted��ess. The debt evideiaced by the Noce a�id wliicli is secured by this Securit� l�astx�ument is
<br />subject to the provisions of 12 CFA 226.32. Bon acknowleclges ttlat Borrower Izas �received the disclosu�
<br />pr�scribed by 12 CF:R 226.32 at least tl�ree business d�ys prior to the executioil of the Note aiici this SecuriCy
<br />Iaastrument, or as otherwise requi�-ed by 12 CFR 226.31. Borrower axid Lencier fiirtkaer acluiowledge ai�d agi•ce that
<br />Chis Security Instiument will secure addition�l debt subject ta 12 �FR 22G.32 o.n(y if:L'endea satisfies tk�e i�ecessary
<br />requirements itnposed oii s�.ich debt imposed by 12 CFR 226.32 anel Applicable Law.
<br />Borrower and Lender covenant ai�d agree as fallows: ,
<br />Payment of Pri��cipal ���d I��terest; Prepayine�it tuicl Late Claa�•ges. Borrower shall proni�fty pay whei� di�a tlze
<br />principal of and iilte��est an the debt evidenced by the Note and aily pt aiid late charges rii�e under the
<br />Nate.
<br />Applics►ble Law. As used in tl�is Security Insti�in�ent, die te�-ia� "Applicable I�aw". shall �nean all CpI7tx0��ll1g
<br />applieable federal, state and lacal statutes, reg�.ilations, ordinances and adaaainigtrative rules and orders (that hav�
<br />the effect oF law) as well as all applicable final, non-appealaUle judicial opiuions:
<br />Tu�tds for Ts�xes and Insura�tce. At Lea�der's request and subject to Applicable Law, Borrower sliall �ay to
<br />Leilcler oii the day periodic payinents are due under the Note, imtil tlie Note is paid ia� full, a su�n ("�'wads") for: (a)
<br />yearly taxes and assessn�ertts which ntay attaiil priority over this Security Ii�strumeaat as a lie�i on tl�e Properry; (b)
<br />yearly leasehold pay►nents or �roiind rencs pi� tlae Property, if any; (c) yearly hazard o�� pi�operty iusurarice
<br />premiums; (d) yearly tlood insux preiniinns, if any; (e) yearly mprt�;age insurance pr�iiiiunis,' if any; ancl (�)
<br />any suixts payable by Bot to Lexider, in accorda�ice witli tlae provisivns of tlie p�►ragra��h titled Mortgage
<br />Iiis�u'a�xce, in lieu of tlae payine�it of. inorlga�;e i��surance �rezaaiums. These iteins .are call�d. "Escrokr� Itei�ns.".
<br />Q 2004-2009 Compliance Sys�ems, Inc. 002�-D78C - 2009.12.768 � � • � . . � � � � �. . . �. . . . � .
<br />Consuma� Renl Estate - Seeurity Inslrumem bL2036. , Pnge I nk�6 � , www.comp�iEUicrsystems.com
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