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<br /> THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO:
<br /> Home Federal Savings&Loan Association of Home Federal Savings& Loan Association of
<br /> Grand Island Grand Island
<br /> 221 South Locust Street 221 South Locust Street
<br /> GRAND ISLAND,NE 68801 GRAND ISLAND,NE 68801
<br /> (Space Above This Line For Recording Data)
<br /> NMLS COMPANY IDENTIFIER: 446443
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security Instrument") is made on August 16, 2013. The grantors are MICHAEL J
<br /> CLEARY and DEBORAH S CLEARY, HUSBAND AND WIFE, whose address is 4353 SHERWOOD RD,
<br /> GRAND ISLAND,Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons
<br /> who sign the Note. The obligations of Borrowers who did not sign the Note are explained further in the section
<br /> titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br /> Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The
<br /> beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organized and existing
<br /> under the laws of the United States of America and whose address is 221 South Locust Street, Grand Island,
<br /> Nebraska 68801 ("Lender"). MICHAEL J CLEARY and DEBORAH S CLEARY owe Lender the principal
<br /> sum of Thirty-seven Thousand One Hundred Fifteen and 00/100 Dollars (U.S. $37,115.00), which is
<br /> evidenced by the note, consumer loan agreement, or similar writing dated the same date as this Security Instrument
<br /> (the "Note"), which provides for periodic payments ("Periodic Payments"), with the full debt, if not paid earlier,
<br /> due on August 30, 2023. This Security Instrument secures to Lender: (a)the repayment of the debt evidenced by
<br /> the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other
<br /> sums,with interest, advanced to protect the security of this Security Instrument under the provisions of the section
<br /> titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and
<br /> agreements under this Security Instrument and the Note. For this purpose, Borrower, in consideration of the debt
<br /> and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br /> described property located in the COUNTY of HALL, State of Nebraska:
<br /> Address: 4353 SHERWOOD RD,GRAND ISLAND,Nebraska 68803
<br /> Legal Description: LOT EIGHTEEN (18) , BISHOP HEIGHTS SUBDIVISION, HALL COUNTY,
<br /> 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 CECA-6377-2011L2 10 600
<br /> Consumer Real Estate-Security Instrument DL2036 Page 1 of 5 www complianccsystcros corn
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