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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 />DEED OF TRUST
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on January 17, 2013. The grantors are JEFFREY S
<br />RICHARDSON and JANE L RICHARDSON, HUSBAND AND WIFE, whose address is 47 KUESTER LK,
<br />GRAND ISLAND, Nebraska 68801 -8609 ( "Borrower "). Borrower is not necessarily the same as the Person or
<br />Persons who sign the Note. The obligations of Borrowers who did not sign the Note are explained further in the
<br />section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The
<br />trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802
<br />( "Trustee "). The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organized
<br />and existing under the laws of the United States of America and whose address is 221 South Locust Street,
<br />Grand Island, Nebraska 68801 ( "Lender "). JEFFREY S RICHARDSON and JANE L RICHARDSON owe
<br />Lender the principal sum of One Hundred Eighteen Thousand Six Hundred Fourteen and 00 /100 Dollars
<br />(U.S. $118,614.00), which is evidenced by the note, consumer loan agreement, or similar writing dated the same
<br />date as this Security Instrument (the "Note "), which provides for periodic payments ( "Periodic Payments "), with
<br />the full debt, if not paid earlier, due on January 15, 2023. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the
<br />Note; (b) the payment of all other sums, with interest, advanced to protect the security of this Security Instrument
<br />under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower,
<br />in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 47 KUESTER LK, GRAND ISLAND, Nebraska 68801 -8609
<br />Legal Description: LOT TWENTY -NINE (29) LOCATED ON THE WEST SIDE OF THE EAST
<br />PORTION OF KUESTERS LAKE, BEING PART OF THE EAST HALF OF THE SOUTHWEST
<br />QUARTER (E1 /2 SW 1/4) OF SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE NINE (9) WEST OF THE SIXTH (6TH) P.M., IN 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 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 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; 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, charges due under the
<br />Note.
<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 final, non - appealable judicial opinions.
<br />Application of Payments. Unless Applicable Law provides otherwise, all payments received by Lender shall be
<br />applied: first, to any prepayment charges due under the Note; second, to interest due; third, to principal due; and
<br />last, to any late charges due under the Note.
<br />® 2004 -2012 Compliance Systems, Inc. EECO -9679 - 2011L2.6.544
<br />Consumer Real Estate - Security instrument DL2036 Page I of 5 - www.compliancesystems.com
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