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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST ("Security Instrument") is made on July 18, 2011. The grantors are KENT L BROWN
<br />and PATRICIA J BROWN, HUSBAND AND WIFE, whose address is 1703 CURTIS 5T, GRAND ISLAND,
<br />Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Note.
<br />The obligations of Bonowers who did not sign the Note are explained further in the section titled Successors and
<br />Assigns Bound; Joint and $everal Liability; Accommodation Signers. The trustee is Arend R Baack,
<br />Attorney whose address is P.O. Bog 790, Grand Island, Nebraska 68802 ("Trustee"). T'he 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 StreeY, Grand Island, Nebraska 68801
<br />("Lender"). KENT L BROWN and PATRICIA J BROWN owe Lender the principal sum of One Hundred
<br />T}urty-three Thousand Ninety-seven and 50/100 Dollars (LJ.S. $133,097.50), 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 />January 20, 2012. This Security Insirument 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 af this Security Instcvment under the provisions of the section titled
<br />Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements
<br />under this Security Instrument 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 described
<br />property located in the COiTNTY of HALL, State of Nebraska:
<br />Address: 1703 CURTIS ST, GRAND ISLAND, Nebraska 68803
<br />I,egal Description: LOT ONE (1), IN WE5T BEL AIR FIFTH 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. Atl replacements and additions shall also be
<br />covered by ttus Security Instrument. All of the foregoing is referred to in this Securiry Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Properiy is unettcumbered, except for encumbrances of record.
<br />Bonower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any enctunbrances 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. 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 />Inst�ument, or as otherwise required by 12 CFR 226.31. Bortower and Lender further acknowledge and agree that
<br />this Security Inshvment 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 226.32 and Applicable Law. ,
<br />Borrower and Lender covenant and agree as follows:
<br />Payment of Principal and Interest; Prepayment and L�te 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 chatges 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 aud 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 Tages and Insurance. At Lender's requast and subject to Applicable Iaw, Bonower 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 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 ihe Property, if any; (c) yearly hazard or property insurance
<br />premiums; (d) yeazly flood insurance premiums, if a.ny; (e) yearly mortgage insurance premiums, if any; and (�
<br />any sums payable by Borrower to Lender, in accorda.nce with the provisions of the pazagraph titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br />O 2004-2010 Complience Systema, Ina EEO&6173 - 2010.03378
<br />Consumer Real Estatc - Security Instrument DL2036 Pege 1 of 6 www.compliancesystems.com
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