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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 />NMLS COMPANY IDENTIFIER: 446443
<br />C 2004-2012 Compliance Systems, Inc. EECO -E837 - 2011L2.6.544
<br />Consumer Real Estate - Security Instrument DL2036
<br />(Space Above This Line For Recording Data)
<br />in
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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 />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 March 29, 2013. The grantor is MICHAEL T
<br />JAKUBOWSKI, A SINGLE PERSON, whose address is 3510 S BLAINE ST, GRAND ISLAND, Nebraska
<br />68801 - 8804 ( "Borrower "). Borrower is not necessarily the same as the Person or Persons who sign the Home
<br />Equity Line of Credit Agreement, dated March 29, 2013 ( "Contract "). The obligations of Borrowers who did
<br />not sign the Contract are explained further in the section titled Successors and Assigns Bound; Joint and
<br />Several Liability; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is P.O.
<br />Box 790, Grand Island, Nebraska 68802 ( "Trustee "). The beneficiary is Home Federal Savings & Loan
<br />Association of Grand Island, which is organized and existing under the laws of the United States of America and
<br />whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ( "Lender "). MICHAEL T
<br />JAKUBOWSKI has entered into a Contract with Lender as of March 29, 2013, under the terms of which
<br />Borrower may, from time to time, obtain advances not to exceed, at any time, a ** *MAXIMUM PRINCIPAL
<br />AMOUNT (EXCLUDING PROTECTIVE ADVANCES) * ** of Forty - four Thousand and 00 /100 Dollars
<br />(U.S. $44,000.00) ( "Credit Limit "). Any party interested in the details related to Lender's continuing obligation to
<br />make advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due on April 15, 2018. This Security Instrument secures to Lender: (a)
<br />the repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions
<br />and modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security
<br />of this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the
<br />Property; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Contract. For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants
<br />and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 3510 5 BLAINE ST, GRAND ISLAND, Nebraska 68801 -8804
<br />Legal Description: LOTS THREE (3) AND FOUR (4), HEAVENLY HAVEN THIRD
<br />SUBDIVISION, 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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