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<br />DEED OF TRUST
<br />THIS DEED Ol ThUST ("Security Instrurnent") is ma�e on December 1'7, 2010. The grantors are MICHAEL
<br />A NELSON and MELISSA D NELSON, HUSBAND AND WIFE, whose address is 520 PLLTM ROAD,
<br />GRAND ISLAND, Nebraska 68801 ("Borrower"). Borrower is nat necessarily the same as the Person or Persons
<br />who sign the Note. The obligatians of Borrowers who did not sign the Note are explained further in the section
<br />titled Successors and Assigns Baund; Joint and Several Liability; Accommadation Signers. The trustee is
<br />Arend R. Saack, Attarney whose address is P.O. Box 790, Grand Island, Nebraska b8802 ("Trustee"). The
<br />beneficiary is Home Federal S$vings & Loan Association of Grand Island, which is organized and existing
<br />under the laws af the United States of America and whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"). MICHAEL A NELSON and MELISSA D NELSON owe Lender the principal sum
<br />of Forty Thousand Sixty-seven and 00/100 Dollars (U.S. $40,067.00), which is evidenced by the note, consumer
<br />loan agreement, or sirnilar writing dated the same date as this Security Instrument (the "Note"), which provides far
<br />periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on Deeember
<br />17, 2011. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with
<br />interest, and all renewals, extensions and modifcations of the Note; (b) the payment of all other sums, with
<br />interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Pratection of Lender's Rights in the Property; and (c) the performance of Borrawer's covenants and agreements
<br />under this Security Tnstrument and the Note. For this purpose, Borrower, in consideration af the debt and the trust
<br />herein created, irrevocably grants and conveys to Trustee, iti trust, with power of sale, the fallowing described
<br />property located in the COUNTY of HALL, State oFNebraska:
<br />Address: 520 PLUM ROAD, GRAND ISLAND, Nebraska 68$O1
<br />Legal Description: LOT FOURTEEN (lq), IN SPEL��SCHULTZ ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and �xtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security In,strument. All of the foregoing is referred to in this Security Instrument as the
<br />��Property. ��
<br />BQRROWER COVENAN7'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, subject ta
<br />any encumbrances of record.
<br />Bo:�rc�wer and Lender cnvenant 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 ths Note and any prepayment and late charges due under the
<br />Note.
<br />Applicable Law. As used in this Security Instxurnent, the term "Applicable I,aw" shall mean all controlling
<br />applicable federal, state and lacal 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 />�'unds for '["axes and Insurance. At Lender's request and subject to Applicable Law, Borrower shall pay to
<br />Lender on the day periodic payments are du� under the Note, until the Note is paid in full, a sum ("Funds") for: (a)
<br />yearly taxes and assessm�nts which rnay attain priority over this Securiry 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 insarance premiums, if any; and ( fl
<br />any sums payable by Borrower to Lender, in accordance with the pravisions of the paragraph titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br />�,ender may, at any time, collect and hold Funds in an amount not to exceed the maximutn amount a lcnder for a
<br />federally related mortgage loan may require for Borrower's escrow account under the federal Real Estate
<br />Settlement Pracedures Act of 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"),
<br />unless anather Applicable Law that applies to the Funds sets a lesser amaunt. If so, Lender may, at any time,
<br />collect and hald �'unds 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 pf future Escrow Ttems ar otherwise in
<br />accardance with Applicabla Law.
<br />i9 2004-2009 Compliance Systcros, Inc. 002D-946p - 2009.123ti8
<br />Consumer Real Estate - Security Instrument �L2036 Page I of 6 www.eompliancesyslems.com
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