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<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
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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
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<br />(Space Above This Line For Recording Data)
<br />DEED dF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security lnstrument") is made on June 4, 2012. The grantors are FRANK F GOSDA
<br />and JOAN E GOSDA, HUSBAND AND WIFE, whose address is 4312 BLAUVELT RD, GRAND ISLAND,
<br />Nebraska 68803-1401 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the
<br />Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are explained
<br />further in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska
<br />68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is
<br />organized and existing under the laws of the United States of America and whose address is 221 South Locust
<br />Street, Grand Island, Nebraska 68801 ("Lender"). FRANK F GOSDA and JOAN E GOSDA have entered into
<br />a Contract with Lender as of June 4, 2012, under the terms of which Borrower may, from time to time, obtain
<br />advances not to exceed, at any time, a�*'�MAXIMUM PRINCIPAL AMOUNT (EXCLUDING
<br />PROTECTIVE ADVANCES)�*� of Ten Thousand and 00/100 Dollars (U.S. $10,000.00) ("Credit Limit").
<br />Any party interested in the details related to Lender's continuing obligation to make advances to Bonower is
<br />advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender
<br />will be due on June 15, 2017. This Security Instrument secures to Lender: (a) the repayment of the debt under the
<br />Contract, with interest, including future advances, and all renewals, extensions and modifications of the Contract;
<br />(b) the payment of all other sums, with interest, advanced to protect the security of this Security Instrument under
<br />the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Contract. For this purpose, Bonower,
<br />in consideration of the debt and the trust herein created, inevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the COUNTY of HALL, S.tate of Nebraska:
<br />Address: 4312 BLAUVELT RD, GRAND ISLAND, Nebraska 68803-1401
<br />Legal Description: LOT SEVEN (7), BLAUVELT SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, I�ALL 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 5ecurity Instrument. All of the �'oregoing 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 Properiy is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property 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 L.aw" shall mean all controlling
<br />applicable federal, state and local stalutes, 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 />Charges; Liens. Borrower shall pay all taJCes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Bonower shall promptly furnish to Lender receipts evidencing the payrnents.
<br />� 2004-2011 Complience Systems, Inc. 9BAD-0666 - 2011 L2.0.485
<br />Conaumer Real Esta[e - Security Instrument DL2036 Pege I of 5 www.compliencevystems.com
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