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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 />0 2004 -2012 Compliance Systems, Inc. CECA 83A8 - 20111.2.10.600
<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
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on June 6, 2013. The grantors are CLARENCE L
<br />MCGOWEN and SUSAN M MCGOWEN, formerly known as SUSAN M CASE, HUSBAND AND WIFE,
<br />whose address is 812 N CLEBURN ST, GRAND ISLAND, Nebraska 68801 -4249 ( "Borrower "). Borrower is
<br />not necessarily the same as the Person or Persons who sign the Note. The obligations of Borrowers who did not
<br />sign the Note are explained further in the section titled Successors and Assigns Bound; Joint and Several
<br />Liability; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790,
<br />Grand Island, Nebraska 68802 ( "Trustee "). The beneficiary is Home Federal Savings & Loan Association of
<br />Grand Island, which is organized and existing under the laws of the United States of America and whose address
<br />is 221 South Locust Street, Grand Island, Nebraska 68801 ( "Lender "). CLARENCE L MCGOWEN and
<br />SUSAN M MCGOWEN owe Lender the principal sum of Twenty-seven Thousand Six Hundred Seventy-
<br />four and 00 /100 Dollars (U.S. $27,674.00), which is evidenced by the note, consumer loan agreement, or similar
<br />writing dated the same date as this Security Instrument (the "Note "), which provides for periodic payments
<br />( "Periodic Payments "), with the full debt, if not paid earlier, due on June 6, 2018. This Security Instrument
<br />secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions
<br />and modifications of the Note; (b) the payment of all other sums, with interest, advanced to protect the security of
<br />this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property;
<br />and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For
<br />this 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: 812 N CLEBURN ST, GRAND ISLAND, Nebraska 68801 -4249
<br />Legal Description: THE NORTHERLY 53.3 FEET OF LOT TEN (10), AND THE NORTHERLY
<br />53.3 FEET OF THE EASTERLY ONE HALF (E1 /2) OF LOT NINE (9), IN BLOCK TEN (10), IN
<br />H.G. CLARK'S ADDITION TO THE CITY OF 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 />Secured Indebtedness. The debt evidenced by the Note and which is secured by this Security Instrument is
<br />subject to the provisions of 12 CFR 226.32. Borrower acknowledges that Borrower has received the disclosures
<br />prescribed by 12 CFR 226.32 at least three business days prior to the execution of the Note and this Security
<br />Instrument, or as otherwise required by 12 CFR 226.31. Borrower and Lender further acknowledge and agree that
<br />this Security Instrument will secure additional debt subject to 12 CFR 226.32 only if Lender satisfies the necessary
<br />requirements imposed on such debt imposed by 12 CFR 226.32 and Applicable Law.
<br />Borrower and Lender covenant and agree as follows:
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