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<br />THIS 1NSTRLTMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
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<br />AFTER RECORDING RETURN 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 />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on April 21, 2012. The grantors are MICHAEL A
<br />FLETCHER JR and ROSA E FLETCHER, HUSBAND AND WIFE, whose address is 124 W 15TH ST,
<br />GRAND ISLAND, Nebraska 68801-2520 ("Borrower"). Bonower is not necessarily the same as the Person or
<br />Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the
<br />Contract are explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />AccommodaHon Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand
<br />Island, which is organized and existing under the laws of the United States of America and whose address is 221
<br />South Locust Street, Grand Island, Nebraska 68801 ("Lender"). MICHAEL A FLETCHER JR and ROSA E
<br />FLETCHER have entered into a Contract with Lender as of April 21, 2012, under the terms of which Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a�'�*MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of Ten Thousand and 00/100 Dollars (U.S. $10,000.00)
<br />("Credit Limit"). Any party itnterested in the details related to Lender's continuing obligation to make advances to
<br />Bonower is advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract
<br />with Lender will be due on May 15, 2017. This Security Instrument secures to Lender: (a) the repayment of the
<br />debt under the Contract, with interest, including future advances, and all renewals, extensions and modifications of
<br />the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of this Security
<br />Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the
<br />performance of Borrower's �ovenants and agreements under tlus Security Instrument and the Contract. For this
<br />purpose, Borrower, in consideration of the debt and the trust herein created, irrevacably grants and conveys to
<br />Trustee, in trust, with power.of sale, the following described property located in the COUNTY of HALL, State of
<br />Nebraska:
<br />Address: 124 W 15TH ST, GRAND ISLAND, Nebraska 68801-2520
<br />Legal Description: LOT SIX (6), BLOCK EIGHTY-FIVE (85), IN WHEELER & BENNETT'S
<br />FOURTH ADDITION TO THE CTTY 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 referred to in this, Security Instrument as the
<br />"Property."
<br />BORROWER COVENANT5 that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Properiy and that the Properiy is unencumbered, except for encumbrances of record.
<br />Bonower 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; Other Charges. Borrower shall promptly pay when due the principal of and
<br />interest on the debt owed under the Contract and late charges or any other fees and charges due under the Contract.
<br />Applicable Law. As used in this Security Instrument, 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 fmal, non-appealable judicial opinions.
<br />�/�
<br />� 2004-2011 Complience Systemc, Inc, 9BAD-BECD - 20l I L2.0.485
<br />Consumer Real Estate - Security InsUmnent DL2036 Page I of 5 www.compliancesystems.com
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