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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST ("5ecurity Instrument") is made on June 23, 2011. The grantor is PEGGY L WORM,
<br />A/K/A PEGGY WORM, A SINGLE PERSON, whose address is 824 S CHERRY ST AND 2510
<br />SOTHMAN DR, GRAND ISLAND, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the
<br />Person or Persons who sign the Note. The obligations of Bonowers who did not sign the Note are explained
<br />fiu�kkher 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. Boa 790, Grand Island, Nebraska
<br />68802 ("Trustee"). The beneficiary is Home Federal 5avings & 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 />Street, Grand Island, Nebraska 68801 ("Lender"). PEGGY L WORM-owes Lender the principal sum of One
<br />Hundred Sigty Thousand Ninety-eight and 00/100 Dollars (iJ.S. $160,098.00), which is evidenced by the note,
<br />consumer loan agreement, or similar writing dated the same date as this Security Instrument (the "Note"), which
<br />provides for Single payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on
<br />December 30, 2011. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums,
<br />with 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 Bonower's covenants and agreements
<br />under this Security Instrument and the Note. For this purpose, Bonower, 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: 824 S CHERRY ST AND 2510 SOTHMAN DR, GRAND ISLAND, Nebraska 68801
<br />Legal Description: LOT SIX (�, IN BLOCK FOUR (4), IN VALLEY VIEW SUBDIVISION IN THE
<br />NORTH ELEVEN HiJNDRED AND THREE (1103.0) FEET OF THE EAST HALF OF THE
<br />NORTHEAST QUARTER (El/2NE1/4) OF SECTION TWENTY-TWO (22), TOWNSHIP ELEVEN
<br />(11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA;
<br />AND: 5UITE NO. TWO (2), OF THE SOUTHWOOD CONDOMINIUM PROPERTY REGIME IV
<br />IN THE CITY OF GRAND I5LAND, 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 refened to in this Security Instrument as the
<br />"Properly."
<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 Properiy 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 />Secured Indebtedness. The debt evidenced by the Note and which is secured by this Security Instrument is
<br />subject to the provisions of 12 CFR 226.32. Bonower acknowledges that Borrower has received the disclosures
<br />prescribed by 12 CFR 22632 at least three business days prior to the execution of the Note and this Security
<br />Instrument, or as otherwise required by 12 CFR 226.31. Borrower 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 />Bonower 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 La.w" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances aad administrative rules and orders (that have
<br />the effect of law) as well as all applicable final, non-appealable judicial opinions.
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<br />Funds for Tazes 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 />� Z004-2010 Complience Syatems, Ina EEO&2814 - 2010.03.378
<br />Consumer Real Estate - Security Iavavment DL2036 Page l of 6 www.compliancesystems.com
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