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<br />DEED OF TRUST
<br />THIS DEED OF TRUST CONTAINS A FUTURE ADVANCE CLAUSE
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<br />THIS DEED OF TRUST ("Security Instrument") is made on July 26, 2011. The grantors are JOHN M
<br />MEHRING and RAINI MEHRING, HUSBAND AND WIFE, whose address is 1417 MAN5FIELD ROAD,
<br />GRAND ISLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons
<br />who sign the Note. The obligations of Borrowers who did not sign the Note are explained further in the section
<br />titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />Arend R. Baack, Attorney whose address is P.O. Bog 790, Grand Island, Nebraska 68802 ("Trustee"). The
<br />beneficiary is Home Federal Savings & Loan Association of Grand Island, which is orga.nized and eacisting
<br />under the laws of the United States of America and whose address is 221 South Locust 5treet, Grand Island,
<br />Nebraska 68801 ("Lender"). JOHN M MEHRING and RAINI MEHRING owe Lender a principal sum of
<br />money evidenced by a note, consumer loan agreement, or similar writing dated the same date as tlus Security
<br />Instrument (the "Note"), which provides for periodic payments ("Periodic Payments"), with the full debt, if not
<br />paid earlier, due and payable on February 1, 2012. The note, consumer loan agreement, or similaz writing, and
<br />any future debt or obligation of Bonower to Lender as set forth in the Section titled Secured Indebtedness;
<br />Payment of Principal and Interest; Late Charges and Other Loan Charges below (the "Secured
<br />Indebtedness"), is secured by this Security Instrument in an amount not to exceed a MAXIMUM PRINCIPAL
<br />AMOUNT of Thirty-siz Thousand One Hundred Ten and 00/100 Dollars (U.S. $36,110.00). This Maximum
<br />Principal Amount does not include interest or other fees and charges made pursuant to this Security Instrument,
<br />nor does it include advances made under the terms of the Security Instrument to protect Lender's security or to
<br />perform any of the covenants contained herein. This Security Instrument secures to Lender the repayment of the
<br />Secured Indebtedness, and the perFormance of Bonower's covenants and agreements under this Security
<br />Instrument and the Secured Indebtedness. This Security Instrument secures to Lender: (a) the repayment of the
<br />debt evidenced by the Note, with interest, including future advances, and all renewals, extensions and
<br />modifications of the Note; (b) the payment of all other sums, with interest, advanced to protect the security of this
<br />Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and
<br />(c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this
<br />purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located in the COiJNTY of HALL, State of
<br />Nebraska:
<br />Address: 1912 IMPERIAL PLACE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT THREE (3), BLOCK NINE (9), 5TERLING ESTATE5 SUBDIVISION IN
<br />THE CITY OF 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 refened to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANfS 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 Properly 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 22632. 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 />Instnzment, or as otherwise required by 12 CFR 226.31. Borrower and Lender further aclmowledge and agree that
<br />this 5ecurity 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 226.32 and Applicable Law.
<br />Borrower and Lender covenant and agree as follows:
<br />Secured Indebtedness; Payment of Principal and Interest; Late Charges and Other Loan Charges. This
<br />Security Instrument secures to Lender the repayment of Borrower's Note, Consumer Loan Agreement, Guaranty,
<br />or similar writing executed by Bonower to Lender, more particularly described as:
<br />• Loan ntunber 0100623921 with a principal amount of $36,110.00
<br />� 2004-2010 Complience Systews, Inc. EEOB-CB10 - 2010.03.378
<br />Cansumer Real Estace - Security Instrument DL2036 Page I of 6 www.compliancesys[ems.com
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