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<br />DEED OF TRUST
<br />THIS DEED OF TRU5T ("Security Instrument") is made pn February �4, 20ll. The grantc�rs are S'�EVEN D
<br />GRATOPP and LYNllA G GRATOPP, HUSBAND AND WIFE, whose address is 2412 PIONEER BLVD,
<br />GRAND ISLAND, Nebraska 68801-7342 ("Borrower"). Borrower is not necessarily the same as the Person or
<br />Persons who sign the Note. The obligations of Borrowers who did not sign the Note are explained further in the
<br />section titled S►�ccessors and Assigns Bound; Joint and Several Liability; Accommodation� Signers.�Tl�e
<br />trustee is Arend R. Baack, Attorney whose address is P.O. Box 790; Grand Island, Nebraska 68802 ("Trustee").
<br />The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organized and existing
<br />under the laws of the United States of Atnerica and whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"). STEVEN ll G1tATOPP and LYNDA G GR.ATOPP owe Lender the principal sum
<br />of Seventy-eight Thousa�nd Two Hundred Sixty-eight and 97>100 Dollars (U.S. �$78,268.97), which is
<br />evidenced by the note, consumer loan agreement, or similar writing dated the same date as this Security Instrument
<br />(the "Note"), which provides for periodic payments ("Periodic Paynients"), with the full debt, if not paid earlier,
<br />due and payable on February 15, 2014. Tkus Security Instrtiunent secures to Lender: (a) the repayment of the debt
<br />evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the paymet�t
<br />of all other sums, with interest, advanced to protect the security of this Security Instrument under tlle provisions of
<br />the section titled ProtectiQn of Lender's Riglits in the Property; and (c) the perforniance of Borrower's
<br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower, in
<br />consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 2412 PIONEER BLVD, GRAND ISLAND, Nebraska 68801-7342
<br />Legal Description: LOT TWO (2) AND THE SOUTH 8.5 FEET OF LOT FOUR (4), BLOCK "D",
<br />IN PARK-VIEW SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRA5KA
<br />TOGETHER WI1'H all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixeures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Seeurity It�strument. All of the foregoing is referred to in this Security Instrurnent as the
<br />"Property. °
<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 unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to-the Property against all claims and deivands, subject to
<br />any encumbrances of record.
<br />Seeured Indebtedaiess. The debt evidenced by the Note and which is secured by t1�is Security Instrument is
<br />subject to the provisions of 12 CFR 226.32. Borrower acknowledges that Borrower has received the disclosures
<br />prescribed by 12 CFR 226.32 at least three business days prior to tfie execution of the Note and this Security
<br />Instrument, or as otherwise required by 12 CFR 22631. Borrower and Lender further acicnowledge and agree that
<br />tliis Security Instrument will secure additional debt subject to 12 CFR 22'6:32 only if Lender satisf es th'e necessary
<br />requirements imposed on such debt imposed by 12 CFR 22632 and Applicable Law.
<br />Borrower and Lender covenant and agree as follows:
<br />Payment of Principal and lnterest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on tlie debt evidenced by tlie Note and auy prepayment and late charges due under tlie
<br />Note.
<br />Applicable Law. As used in this Security Instrument, the term "Applic�ble Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulation�, ordinances and admitlistrative rules and orders {ttiat have
<br />the effecY of law) as well as all applicable final, non-appealable judicial opinions. � � � �
<br />Fuuds 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 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 on the Properry, if any; (c) yearly hazard or property insurance
<br />premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insnrance premiums, if any; and (f}
<br />any sums payable by Borrower ta Lender, in accordance with the provisions of the paragraph titled Mortgage
<br /><) 2004-2010 Compliance S}�stems. Inc EE06-75A9 - 2010.03378 � � . � . . � � �
<br />Consumer Real Estate - Security Instrument UL203G , Fage I of 6 �vw�v.compliancesystems.com
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