|
��
<br />�
<br />��
<br />N �
<br />A ��
<br />��
<br />� ��
<br />e
<br />� _
<br />�
<br />��
<br />��
<br />��
<br />�
<br />�
<br />��
<br />�
<br />��
<br />U
<br />�
<br />�
<br />� �
<br />� ,�� b � �
<br />�
<br />� �
<br />� �
<br />a �
<br />�
<br />�
<br />�
<br />�.
<br />OQ
<br />�
<br />0
<br />�
<br />2
<br />^= - D
<br />� . �` � r
<br />'`` c n r
<br />�-- z –�
<br />� � �
<br />Z �
<br />0
<br />tv + o -*7
<br />-� -� z
<br />��
<br />� D p
<br />3 r �
<br />� A
<br />G.� �
<br />�
<br />D
<br />O `-�'�—'
<br />� �
<br />�
<br />O
<br />�
<br />�
<br />�
<br />�
<br />�<
<br />��
<br />�
<br />�
<br />�
<br />C� -,:,
<br />rv _
<br />O .
<br />t-+
<br />�
<br />O
<br />O ,.
<br />� :.. �
<br />��;.
<br />,: _G�
<br />�
<br />�
<br />C�A
<br />�
<br />�
<br />�
<br />�
<br />Z
<br />"O
<br />�o
<br />�
<br />T,
<br />C'
<br />=nv
<br />�,aN
<br />�_
<br />=p
<br />� �
<br />d
<br />d
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on January 14, 2011. The grantors are MICHIAL D
<br />NIELSEN and LINDA J NIELSEN, HUSBAND AND WIFE, whose address is 305 N CHURCH ST,
<br />Doniphau, Nebraska 68832-9808 ("Borrower"). Borrower is not necessarily the same as the Person 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 Successors attd Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />Are�d R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The
<br />beneficiary is Home Federal Savings & Loan Association of Grand Island, which is orgaauzed 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"). MICHIAL D NIELSEN and LINDA J NIELSEN owe Lender the principal sum of
<br />Twenty-�ve Thousand Eighty and 00/100 Dollars (U.S. $25,080.00), which is evidenced by the note, consumer
<br />loan agreement, or similar writing dated the same date as this Security Instrument (the "Note"), which provides for
<br />periodic payments ("Periodic Payrnents"), with the full debt, if not paid earlier, due and payable on January 14,
<br />2015. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with
<br />interest, and all renewals, extensions and modifications of the Note; (b) the payrnent of all other sums, with
<br />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 of Borrower's covenants 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 to Trustee, in trust, with power of sale, the following described o U
<br />pmperty located in the COUNTY of HALL, State of Nebraska: 3� —
<br />Address: 305 N CIiURCH ST, Doniphan, Nebraska 68832-9808
<br />Legal Description: LOT FOUR (4) AND THE SOUTH EIGHTEEN (18) FEET OF LOT FIVE (5),
<br />BLOCK TWO (2), IN BURGER'S ADDITION TO DONIPHAN, HALL COUNTY, NEBRA.SKA,.
<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 referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Bonower 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 to
<br />any encuxnbrances of record.
<br />Borrower and Lender covenant 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 the Note and any prepayxnent and late charges due under the
<br />Note.
<br />Applicable Law. 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, non-appealable judicial opinions.
<br />Funds for Taxes and Insurance. 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") for: (a)
<br />yearly taaces and assessments which may attain priority over this Security 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 />premiuxns; (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 of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br />Lender may, at any tixne, collect and hold Funds in an amount not to exceed the maximum amount a lender for a
<br />federally related mortgage loan 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. Section 2601 et seq. ("RESPA"),
<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 amount of Funds
<br />due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in
<br />accordance with Applicable Law.
<br />� 2004-2010 Compliance Systems, Inc. EEOB-E86D - 2010.03378
<br />Cousuma Real Estate - Security Instrumeat DL2036 Page 1 of 6 www.compliancesystems.com
<br />
|