|
��
<br />��
<br />N �
<br />0 ��
<br />��
<br />� ��
<br />N ��
<br />e �
<br />� ��
<br />w
<br />��
<br />�
<br />��
<br />THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />�
<br />�
<br />C
<br />� A �
<br />P�9��
<br />� �
<br />�
<br />� �
<br />�
<br />O
<br />0
<br />�
<br />_
<br />n
<br />r
<br />r -0
<br />c� � ,
<br />o �.
<br />�
<br />m �
<br />v�
<br />i
<br />�,
<br />�
<br />� � -n
<br />.:,
<br />� ,
<br />rn
<br />0
<br />�
<br />�
<br />��
<br />� � �
<br />� Z "�
<br />� � m
<br />� O
<br />�
<br />"'C7
<br />3
<br />�
<br />rv
<br />F--+
<br />W
<br />o �
<br />� z
<br />= m
<br />D �
<br />r �
<br />r n�
<br />�
<br />�
<br />D
<br />�
<br />�
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South I.ocust Street
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />3�'
<br />THIS DEED OF TRUST ("Security Instrument") is made on February 24, 2012. The grantors are JAMES K
<br />WATERS and SANDRA K WATERS, husband and wife, whose address is 1733 S ARTHUR ST, 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 further in the section titled
<br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend
<br />R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary
<br />is Home Federal Savings & 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"). JAMES K WATERS and SANDRA K WATER5 owe Lender the principal sum of Twelve
<br />Thousand Eight Hundred Ninety and 00/100 Dollars (U.S. $12,890.00), 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 periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on
<br />February 16, 2017. 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, 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 COUNTY of HALL, State of Nebraska:
<br />Address: 1733 S ARTHUR ST, GRAND ISLAND, Nebraska 68803
<br />Legal Description: THE NORTH FIFTY (50) FEET OF LOT FIVE (5) AND THE SOUTH THIRTY
<br />(30) FEET OF LOT SIX (6), BLOCK SIX (6), BEL AIR ADDTTION TO THE CITY OF GRAND
<br />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 properly. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred 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 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 />Borrower 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 this Security Instrument, the term "Applicable I.aw" 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.
<br />Funds for Taxes and Insurance. At Lender's request and subject to Applicable Law, Bonower 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 insurance 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 />� 2004-201 I Compliance Systems, Inc. ADCD•0142 - 2010LL 15.461
<br />Covsumer Real Estate - Security Instrwnert DL2036 Page 1 of 6 www.comptiencesystw�s.com
<br />N
<br />0
<br />0�--�
<br />N
<br />C�
<br />�
<br />�
<br />O
<br />W
<br />IR
<br />
|