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<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on May 5, 2011. The grantors are JAMES D UDEN
<br />and JUDY D UDEN, HUSBAND AND WIFE, whose address is 704 SiTN VALLEY DRIVE, GRAND I5LAND,
<br />Nebraska 68801 ("Bonower"). Bonower is not necessarily the same as the Person or Persons who sign the Note.
<br />The obligations of Borrowers who did not sign the Note are explained fiuther in the section titled Successors and
<br />Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend R Baack,
<br />Attorney whose address is P.O. Bog 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home
<br />Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws of the
<br />United States of America and whose address is 221 South Locust 5treet, Grand Island, Nebraska 68801
<br />("Lender"). JAMES D UDEN and JUDY D UDEN owe Lender the principal sum of Twelve Thousand
<br />Seventy-nine and 50/100 Dollars (LT.5. $12,079.50), which is evidenced by the note, consumer loan agreement, or
<br />similar writing dated the same date as this 5ecurity Instrument (the "Note"), which provides for Single payments
<br />("Periodic Payments"), with the full debt, if not paid earlier, due and payable on June 4, 2011. This Security
<br />Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced to protect the
<br />security of this Security Instrument under tlie provisions of the secrion titled Protection of Lender's R3ghts in the
<br />Property; and (c) the performance of Borrower's covenants and ageements under this Security Instrument and the
<br />Note. For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of
<br />HALL, State of Nebraslca:
<br />Address: 704 SUN VALLEY DRIVE, GRAND ISLAND, Nebraska 68801
<br />I,egal Description: THE EAST FIVE (5) FEET OF LOT THREE (3) AND ALL OF LOT FOUR (4)
<br />BLOCK ONE (1) PLEASANT VIEW THIRD ADDITION, CITY OF GR.AND I5LAND, HALL
<br />COUNTY NEBRASKA.
<br />TOGETHER WITH all the improvements now or hereafter erected on the properly, and all easements,
<br />appurtenances, and fixhues 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 Instivment 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 Properiy against all claims and dema.nds, subject to
<br />any encumbrances of record.
<br />Secured Indebtedness. The debt evidenced by the Note and which is secured by tYus 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 the execution of the Note and this Security
<br />Inshument, or as otherwise required by 12 CFR 226.31. Bonower and Lender further acknowledge and agree that
<br />this Security Instrument will secure additional debt subject to 12 CFR 226.32 only if Lender satisfies the 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 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 Instrumettt, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and admirustrative rules and orders (that ha.ve
<br />the effect of law) as well as all applicable final, non-appealable judicial opittions.
<br />Funds for Taxes and Iusurance. At Lender's request and subject to Applicable Law, Hozxower shall pay to
<br />I.ender on the day periodic payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a)
<br />yeazly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b)
<br />yearly leasehold paymants or ground rents on the Properiy, if any; (c) yearly hazaxd or property insura.nce
<br />premiums; (d) yearly flood insurance premiwns, if any; (e) yearly mortgage insurance premiums, if any; and (fl
<br />any sums payable by Borrower to Leuder, in accordance with the provisions of the parag�raph titled Mortgage
<br />m 2004-2010 Compliance Systems, Iac. EFAB-AEBD - 2010.03378
<br />Consumer Real Eatate - Security Insmtment DL2036 Page 1 of 6 www.compliancesyetems.com
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