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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST ("Security Instrument") is made on June 15, 2011. The grantors are KENT D
<br />ENGELHARDT and THERESA R ENGELHARDT, HUSBAND AND WIFE, whose address is 2411 W ���
<br />OKLAHOMA ST, GRAND ISLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as Q
<br />the Person or Persons who sign the Note. The obligations of Borrowers who did not sign the Note are explained ��
<br />further in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska
<br />68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is
<br />organized and existing under the laws of the United States of America and whose address is 221 South Locust
<br />5treet, Grand Island, Nebraska 68801 ("Lender"). KENT D ENGELHARDT and THERESA R
<br />ENGELHARDT owe Lender the principal sum of Fifty Thousand Ninety-eight and 00/100 Dollars (U.S.
<br />$50,098.00), which is evidenced by the note, consumer loan agreement, or similar writing dated the same date as
<br />this Security Instrument (the "Note"), which provides for periodic payments ("Periodic Payrnents"), with the full
<br />debt, if not paid earlier, due and payable on June 30, 2021. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the
<br />Note; (b) the payment of all other sums, with interest, advanced to protect the security of this Security Instrument
<br />under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the perfortnance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower,
<br />in 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 COiJNTY of HALL, State of Nebraska:
<br />Address: 2918 CIRCLE DR, GRAND ISLAND, Nebraska 68803
<br />Legal Description: THE WESTERLY SIXTY EIGHT FEET (68') OF LOT NINE (9), BLOCK ONE
<br />(1) AND THE EASTERLY 5IX AND THIRTY-THREE HUNDREDTHS FEET (6.33') OF LOT TEN
<br />(10), BLOCK ONE (1), IN STEWART PLACE SUBDIVISION, IN THE CTTY OF GRAND ISLAND,
<br />HALL COUNTY,NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected on the properly, and all easements,
<br />appurtenances, and fixtures now or hereafter � part of the property. All replacements and additions shall also be
<br />covered by this Security Instnunent. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENE�NTS 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 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 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 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 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 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 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 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 />6 2004-2010 Complimce Systett�s, Inc. EEOB-BFZF - 2010.03378
<br />Consumer Real Es[ate - Security In.strument DL2036 Page 1 of 6 www.compGancesystems.com
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