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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 Tine 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 October 25, 2013. The grantor is JAMES A
<br /> GUSTAFSON, A SINGLE PERSON,whose address is 36 CHANTILLY ST, GRAND ISLAND,Nebraska
<br /> 68803("Borrower").Borrower is not necessarily the same as the Person or Persons who sign the Home Equity
<br /> Line of Credit Agreement,dated October 25,2013("Contract").The obligations of Borrowers who did not sign
<br /> the Contract 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").JAMES A GUSTAFSON has entered
<br /> into a Contract with Lender as of October 25,2013.under the terms of which Borrower may,from time to time,
<br /> obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING
<br /> PROTECTIVE ADVANCES)*** of Ten Thousand and 00/100 Dollars (U.S. $10,000.00)("Credit Limit").
<br /> Any party interested in the details related to Lender's continuing obligation to make advances to Borrower is
<br /> advised to consult directly with Lender.If not paid earlier,the sums owing under Borrower's Contract with Lender
<br /> will be due on November 15,2018. This Security Instrument secures to Lender: (a)the repayment of the debt
<br /> under the Contract,with interest,including future advances,and all renewals,extensions and modifications of the
<br /> Contract: (b) the payment of all other sums, with interest, advanced to protect the security of this Security
<br /> Instrument under the provisions of the section titled Protection of Lender's Rights in the Property;and(c)the
<br /> performance of Borrower's covenants and agreements under this Security Instrument and the Contract. For this
<br /> 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:36 CHANTILLY ST,GRAND ISLAND,Nebraska 68803
<br /> Legal Description: LOT THIRTY SIX (36)BLOCK SIX (6), CONTINENTAL GARDENS,IN THE
<br /> 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 wan-ants 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.
<br /> C 2004-2012 Compliance Systems Inc_COCA-D I Sn-2011L2 10 600
<br /> Consumes Real Fstate-Security Instniment DL2036 Page 1 of 5 w ww c"mpliancesyst,es eum
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