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<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on March 24, 2011. The grantors are RANDY
<br />JAMES SKARKA, TRUSTEE OF THE RANDALL JAMES SKARKA REVOCABLE TRUST, and
<br />�RENDA SUE JANICEK SKARI�1, TRLTSTEE OF THE BRENDA SUE JANICEK SKARKA
<br />REVOCABLE TRUST, whose address is 3008 ORLEANS DR, GRAND ISLAND, Nebraska 68803-3421
<br />("Borrower"). Boaower is not necessarily the same as the Person or Persons who sign the ATote. The obligations of
<br />Bonowers who did not sign the Note are explained further in the section titled Successors and Assigns Bound;
<br />Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address
<br />is P.O. Boz 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings &
<br />Loan Association of Grand Island, which is organized and existing under the laws of the United States of
<br />America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"). RANDY
<br />JAMES SKARKA and BRENDA SUE JANICEK SKARKA owe Lender the principal sum of Twenty-two
<br />Thousand Thirty and 50/100 DollArs (U.S. $22,030.50), which is evidenced by the note, consumer loan
<br />agreement, or similar writing dated the same date as this Security Instrument (the "Note"), which provides for
<br />periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on March 20,
<br />2016. 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 payment of all other sums, with
<br />interest, advanced to protect the security of this Security Instcvment under the provisions of the section titled
<br />Protection of Lender's Rights in the Property; and (c) the performance of Bonower's covenants and agreements
<br />under this Security Instcvment 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 descnbed
<br />property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 3008 ORLEANS DR, GRAND ISLAND, Nebraska 68803-3421
<br />I,egal Description: LOT SIX (� COLONIAL ESTATES, THIRD SUBDIVISION IN 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 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 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 to
<br />any encumbrances 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 prepayment and late charges due under the
<br />Note.
<br />Applicable Law. As used in this Security Inslrument, 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 Tazes and Insurance. At Lender's request and subject to Applicable I,aw, Borrower shall pay to
<br />Lender on the day periodic payments aze due under the Note, until the Note is paid in full, a sum ("Funds") for: (a)
<br />yearly talces and assessments which may attain priority over this Security Instrument as a lien on the Property; (b)
<br />yearly leasehold payinents 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 insurance premiums, if anY; and ( fl
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the pa.ragraph tided Mortgage
<br />Insurance, in lieu of the payment of mortgage 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 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 I.aw 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 />0200420(0 Compli�tce Syatems, juc. EFA&9BA8 • 2010.03.378
<br />Consumer Real Eatate - Sec�mry Iasdwqept DL2036 Pege 1 of 6 www.compBancesysteros.com
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