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<br />THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Associat3on of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
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<br />AFTER RECORDING RETURAT TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on November 28, 2011. The grantors are KATHY J
<br />BOROFF and DANIEL L BOROFF, WIFE AND HUSBAND, whose address is 2504 W 8TH STREET,
<br />GRAND ISLAND, Nebraska 68803 ("Borrower"). Bonower is not necessarily the same as the Person or Persons
<br />who sign the Note. The obligations of Bonowers 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. Boz 790, Grand Island, Nebraska 68802 ("Trustee"). The
<br />beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organized and existing
<br />under the laws of the United States of America and whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"). KATHY J BOROFF and DANIEL L BOROFF owe Lender the principal sum of
<br />Fifty-five Thousand Ninety-three and 50/100 Dollars (LT.S. $55,093.50), 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 />May 26, 2012. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note,
<br />with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with
<br />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 covsnants 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, itt trust, with power of sale, the followittg described
<br />property located in the COiJNTY of HALL, State of Nebraska:
<br />Address: 2504 W 8TH STREET, GRAND I5LAND, Nebraska 68803
<br />Legal Description: LOT ONE (1) BLOCK EIGHT (8) IN WEST VI�W ADDITION TO THE CITY
<br />OF GRAND ISLAND , HALL COUNTY, NEBRASKA.
<br />TOGETHER WITH a11 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 attd additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Insiaument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the .estate hereby conveyed aud has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Bonower warrants and will defend generally the title to the Property against all claims aad 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 Bonower has received the disclosures
<br />prescribed by 12 CFR 226.32 at least three business days prior to the execution of the Note and tbis Security
<br />Instrument, or as otherwise required by 12 CFR 22631. Borrower and Lender fiuther 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 />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 chargas due under the
<br />Note.
<br />Applicable Law. As used in this Security Inst�vment, 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.
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<br />O 2004201 I Compliaace Systema, Inc. ADCD-SD47 • 2010L1.15.461
<br />Consumer Real Estate - Secwiry Instrwnent DL2036 Pege 1 of6 www.compliancesystema.com
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