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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST ("Security Instrument") is made on July 13, 2011. The grantors are STEVEN J USASZ
<br />and JUDITH A USASZ, HUSBAND AND WII+E, whose address is 2424 N SHERIDAN AVE, GRAND
<br />ISLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign
<br />the Note. The obligations of Borrowers who did not sign the Note are explained fiuther in the section titled
<br />Successors and Assigns Bound; Joint and 5everal LiabiYity; Accommodation Signers. The trustee is Arend
<br />R Baack, Attorney whose address is P.O. Bo$ 790, Grand Island, Nebraska 68802 ("Trustee"). Tbe beneficiary
<br />is Home Federal5avings & Loan Association of Grand Island, which is organized and existing under the laws
<br />of the United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). STEVEN J USASZ and Ji7DITH A USASZ owe Lender the principal sum of Twenty Thousand
<br />Ninety-three and 00/100 Dollars (U.S. $20,093.00), which is evidenced by the note, consumer loan agreement, or
<br />similar writing dated the same date as tlus Security Instrument (the "Note"), which provides for periodic payments
<br />("Periodic Paynaents"), with the full debt, if not paid earlier, due and payable on August 4, 2017. 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 iuterest, advanced to protect the
<br />security of this Secu.rity Instrument under the provisions of the secrion titled Protection of I.ender's Rights in the
<br />Property; and (c) the perforniance of Borrower's covenants and agreements under this Security Instrument and the
<br />Note. For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grauts and
<br />conveys to Trustee, in trust, with power of sale, the following described groperty located in the COLTNTY of
<br />HALL, State of Nebraska:
<br />Address: 2424 N SHERIDAN AVE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT SEVEN (� AND THE SOUTHERLY SEVEN ('� FEET OF LOT FIVE (5),
<br />BLOCK FOUR (4) IN THE UNIVERSITY PLACE, AN ADDITION TO THE CI'.l'Y OF GRAND
<br />IS]Lt�T�7D, �AI.L COiJl��'Y, N�B�SI�.
<br />TOGETHER WITH all the improvements now or hereafter erected on the properiy, 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 Insttument. All of the foregoing is referred to in this 5ecurity Inslrument as the
<br />"Property."
<br />BORROWER COVENANTS tbat Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Properly is unencumbered, except for encumbrances of record.
<br />Borro�rer 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. 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 />Instrumant, or as otherwise required by 12 CFR 226.31. Borrower and Lender further acknawledge and agree that
<br />this Security Instrument will secure additional debt subject to 12 CFR 226.32 only if L,ender satisfies the necessary
<br />requirements imposed on such debt imposed by 12 CFR 226.32 and Applicable Law.
<br />Bonower and Lender covenant and agree as follows:
<br />Payment of Principal and Interest; Prepayment and Late Charges. Bonower 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 ihis Security Instrument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordina.nces 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 Applicahle I.aw, Bortower 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 ittsurance 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 />� 20042010 Compliance Systems, Inc. EEOB-SOOB - 2010.03378
<br />Consumer Real Estate - Security Insuument DL2036 Page 1 of 6 www.compliapccaysteuos.com
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