|
�
<br />��
<br />�
<br />N =
<br />B =
<br />0
<br />� �
<br />0 "�
<br />��
<br />��
<br />��
<br />�
<br />. . '� ` . �
<br />�
<br />C
<br />� �
<br />� � �
<br />� �
<br />aiei
<br />� �
<br />d� ,
<br />Q
<br />r ..,
<br />c_: a
<br />� ' n Cn
<br />D p ""�
<br />r- r- - c a
<br />�" r', � r^ Z-1 N�,
<br />c-, ,�,_ c� � --1 m
<br />� o�. � � 0
<br />m� i°� �l'0 � � �
<br />- �`, � Z ��
<br />'v �, �_ T �
<br />�' �9`�
<br />r� � r� � c� �
<br />r n
<br />n {�-� r � cn �
<br />_ � y�
<br />r�i �'' � d�
<br />R, � , . ) � �... ...C�
<br />r- .y �
<br />c.� ��. O
<br />cn
<br />THIS INSTRi1MENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />NMLS COMPANY IDENTIFIER: 446443
<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 Re�cording 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 ("5ecurity Instrument") is made on August 8, 2012. The grantors are STEVEN D
<br />GRATOPP and LYNDA G GRATOPP, husband and wife, whose address is 2412 PIONEER BLVD,
<br />GRAND ISLAND, Nebraska 68801-7342 ("Borrower"). Borrower is not necessarily the satne as the Person or
<br />Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borxowers who did not sign the
<br />Contract are explained furiher in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation 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 orga.nized and eacisting under the laws of the United States of America and whose address is 221
<br />South Locust Street, Grand Island, Nebraska 68801 ("Lender"). STEVEN D GRATOPP and LYNDA G
<br />GRATOPP bave entered into a Contract with Lender as of August 8, 2012, under the terms of wYuch Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a�'�*MAI�1�ZiJM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of Fifteen Thousand and 00/100 Dollars (LT.S. $15,000.00)
<br />("Credit Limit"). Any pariy interested in the details related to Lender's continuing obligation to make advances to
<br />Borrower 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 August 15, 2017. This Security Instrumettt secures to Lender: (a) the repaytnent of the
<br />debt under the Contract, with interest, including future advances, and all renewals, extensions and tnodifications of
<br />the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of tlus Security
<br />Instrwnent under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the
<br />performance of Bonower's covenants and agreements under this Security Instrument and tbe Contract. For this
<br />purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably 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: 2412 PdONEER BLVD, GRAND ISLAND, Nebraska 68801-7342
<br />Legal Description: LOT TWO (2) AND THE SOUTH 8.5 FEET OF LOT FOUR (4), BLOCK "D" IN
<br />PARKVIEW SUBDIVISION, IN THE CITY OG GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, attd fixtures now or hereafter a part of the property. All replacements and additions shaU also be
<br />covered by this Security Instrument. All of the foregoing is referred to in tius Sacurity Instrument as the
<br />"Property."
<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 wanants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encwnbrances 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 controllittg
<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 />0 2004201 I Compliance Syatems, Inc. 9BAD-625F - 2011L2.0.485
<br />Coasumer Real Estate - Sec�uity Insavment DL2036 Page 1 of 5 www.camptienccgyatems.com
<br />
|