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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST ("Security Tnstrument") is made on December 17, 2010. The grantors are SCOTT J
<br />ROACH and STEPHANIE J ROACH, HUSBAND AND WIFE, whose address is 302 E PLUM STREET,
<br />Doniphan, Nebraska 68832 ("Barxower"). Borrower is not necessarily the same as the Person or Persons who sign
<br />the Note. The obligations of Borrowers wha did not sign the Note are explained further in the section titled
<br />Successors and Assigns Sound; Joint and Several Liability; Accommodation Signers. The trustee is Arend
<br />R. S�ack, Attorney whose address is P.O. Box 79p, Grand Isiand, Nebraska 68802 ("Tntstee"). The beneficiary
<br />is Horne Federal Savings & Loxn Association of Grand Island, which is organized and existing under the laws
<br />of the United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). SCOTT J ROACH and STEPHANIE J ROACH ovve Lender the principal sum of Thirty-five
<br />Thousand Three Hundred Eighty-eight and 89/100 Dnllars (U.S. $35,388.89), which is evidenced by tk�e note,
<br />consumer lpan agreement, or similar writing dated the sarne date as this Security Instrument (the "Note"), which
<br />provides for periodic payments ("Periodic Pay�tr�ents"), with the full debt, if not paid earlier, due and payable on
<br />December 20, 201'7. This Security Instsument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums,
<br />with interest, advanced to protect the secuxity of this Security Instrument under the provisions of the section titled
<br />Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Note. For this purpose, Barrower, in consideration 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 HAI.�,, State of Nebraska:
<br />Address: 302 E PLUM STREET, Doniphan, Nebraska 68832
<br />Legal Description: LOT ONE (1) HOFFMAN SECOND SUBDTVI5ION IN THE VILLAGE OF
<br />DONIPHAN, HALL COUNTY, NEBRASKA.
<br />TOGETH�R 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 referred ta in this Security Instrument as the
<br />"Property."
<br />BORROWER CQVENANTS that Borrower is lawfully seised of the estate hereby canveyed 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 Froperty against all claims and demands, subject to
<br />any encumbrances of record.
<br />Secured Indebtedness. The debt evidenced by the Note and which is secured by this Security Instrument is
<br />subject ta the provisians af 12 CFR 226.32. Borrower acknowlsdges that Borrower has received the disclosures
<br />prescribed by 12 CFR 226.32 at least three business days prior to the execution of the Note and this Security
<br />lnstrument, or as otherwise required by 12 CFR 226.31. Borrower and Lender further acknowledge and agree that
<br />this Security InstrumenC will secure additional debt subject to 12 CFR 226.32 only if Lender satisfies the necessary
<br />requirement�� imposed on such debt imposed by 12 CFR 226,32 and Applicable Law.
<br />Borrower and Lender cavenant and agree as fpllows:
<br />Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest an, the debt evidenced by the Note and any prepayment and late chargeg due undPr the
<br />�Iote.
<br />Applicable L�w. 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, nan-appealable judicial apinions.
<br />Funds far Taxes and Insuranee. At Lender's request and subject ta Applicable Law, Borrawer shall pay ta
<br />Lender on 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 an the Property, if any; (c) yearly hazard or property insurance
<br />premiurns; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (f)
<br />any sums payable by Borrower to Lendar, in accordance with the provisions of the paragraph titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br />�i 2A04-2009 Compliance Systems, Inc. 002p-70CI - 20D9.I2368
<br />Consumet' Real Gslflte - Security Insteument DL2036 Page I of 6 www.compliancesystems.cotn
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