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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
<br />® 2004 -2012 Compliance Systems, Inc. EECO -09CF - 2011L2.6.544
<br />Consumer Real Estate - Security Instrument DL2036
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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 January 18, 2013. The grantors are LYLE E
<br />JOHNSON JR and MELIA D JOHNSON, husband and wife, whose address is 2836 IDAHO AVE,
<br />GRAND ISLAND, Nebraska 68803 ( "Borrower "). Borrower is not necessarily the same as the Person or Persons
<br />who sign the Home Equity Line of Credit Agreement, dated January 18, 2013 ( "Contract "). The obligations of
<br />Borrowers who did not sign the Contract are explained further in the section titled Successors and Assigns
<br />Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose
<br />address is P.O. Box 790, Grand Island, Nebraska 68802 ( "Trustee "). The beneficiary is Home Federal
<br />Savings & Loan Association of Grand Island, which is organized and existing under the laws of the United
<br />States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ( "Lender ").
<br />LYLE E JOHNSON JR and MELIA D JOHNSON have entered into a Contract with Lender as of January
<br />18, 2013, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />** *MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES) * ** of Fifty
<br />Thousand and 00 /100 Dollars (U.S. $50,000.00) ( "Credit Limit "). Any party interested in the details related to
<br />Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br />paid earlier, the sums owing under Borrower's Contract with Lender will be due on February 15, 2018. This
<br />Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest, including
<br />future advances, and all renewals, extensions and modifications of the Contract; (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 Borrower's covenants and agreements
<br />under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the
<br />trust 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: 2836 IDAHO AVE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT TEN (10) IN ROSS - THEASMEYER SUBDIVISION IN THE CITY OF
<br />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 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; 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 final, non - appealable judicial opinions.
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