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<br />DEED OF TRUST
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<br />THIS DEED OP TRUST ("Security Instrument") is made on Decernber 2, 2010. The grantars are HARLEN R
<br />PAPKE and VICKI L PAPKE, HUSBAND AND WIFE, whose address is 4239 TEXA3 AVE, GRAND
<br />ISLAND, Nebraska 68803 ("Borrower"). Sorrower is not necessarily the same as the Person or Fersons who sign
<br />the Note. The obligations of Sorrowers who did nat sign ths Note are explained further in the section titled
<br />Successors and Assigns Bound; ,loint and Several Liability; Accamraodation Signers. The trustee is Arend
<br />R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary
<br />is Home Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws
<br />af the United States of America and whose address is 2�1 Sonth Locast Street, Grand Island, Nebraska 6$801
<br />("Lender"). HARLEN R PAPKE and VICKI L PAPKE owe Lender the principal sum of Thirty-eight
<br />Thousand Seven Hundred Twelve and 50/100 Doll�rs (U.S. $38,"112.50), which is evidenced by the note,
<br />consumer loan agreernent, or similar writing dated the same date as this Security Instrument (the "Note"), which
<br />provides for periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on
<br />Decetnber 16, 2015. This Security Tnstrument secures to Lender; (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, ext�nsions and modifications of the Note; (b) the payment of all other sums,
<br />with interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Protection of Lender's Rights in the Property; and (c) the performance af Borrower's cavenants and agreements
<br />under this Security Tnstrument and the Note. For this puxpose, Borrower, in cansideration of the debt and the trust
<br />herein created, irrevacably grants and conveys to Trustee, in trust, with power af sale, the following described
<br />property located in the COUNTY af HALL, State of Nebraska:
<br />Address: 4239 TEXAS AVE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: L�T FIVE (S) IN CAPITAL H�IGHTS FIFTH SUBDIVISION, BEING A
<br />TRACT QF LAND COMPRISING A 50UTHWEST QUART�R, (SW 1/4) OF SECTION TWO (2)
<br />TOWNSHIP ELEVEN (11) NORTH, RANG� TEN (10) WEST OF THE 6P.M., HALL COUNTY,
<br />NEBRASKA.
<br />TOGETHER WITH all the improvements now ar hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures naw or hereafter a part of the property. All replacemsnts and additions shall also be
<br />covered by this Security Tnstrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Praperty."
<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 unsncumbered, except for encurnbrances of record.
<br />Borrower warrants and will defend generally the title to the Properiy against all claims and demands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />Paym,ent 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 uaed in this Security Instrument, the term "Applicable Law" shall rnean all controlling
<br />applicable fedcral, stat� 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 Insuranee. 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 Note is paid in full, a sum ("Funds") fpr: (a)
<br />yearly taxes and assessments which may attain priority aver this Security Instrument as a lien on the Praperty; (b)
<br />yearly leasehold payrnents or ground rents on the Property, if any; (c) yearly hazard ar property insurance
<br />prerniums; (d) yearly flood 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 />Insurance, in lieu af the payment of rnortgage 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 ma�cirnuxn amount a lender for a
<br />federally related mot�tgage loan may require for 8orrower's escrow account under the federal Real �state
<br />Settlement Procedures Act af 1974 as amended from time to time, 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, I,ender 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 />aJ 2004-2009 Campliance Systems, Inc. 002D-498D - 2009.12.368
<br />Consumcr Rcal Estate • Security Instrumcnt DL20;i6 Page 1 of 6 www.compliancesystems.cum
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