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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 October 28, 2013. The grantors are MICHAEL R
<br /> OWEN and CAROL J OWEN, HUSBAND AND WIFE, whose address is 527 HOLCOMB ST, GRAND
<br /> ISLAND,Nebraska 68801-7454("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br /> sign the Note. The obligations of Borrowers who did not sign the Note are explained further in the section titled
<br /> Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend
<br /> R. Baack,Attorney whose address is P.O. Box 790,Grand Island,Nebraska 68802("Trustee").The beneficiary
<br /> is Home Federal Savings & Loan Association of Grand Island,which is organized and existing under the laws
<br /> of the United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br /> ("Lender"). MICHAEL R OWEN and CAROL J OWEN owe Lender the principal sum of Thirty-five
<br /> Thousand One Hundred Nineteen and 00/100 Dollars (U.S. $35,119.00), which is evidenced by the note,
<br /> consumer loan agreement, or similar writing dated the same date as this Security Instrument (the "Note"), which
<br /> provides for periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due on October 15,
<br /> 2017. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with
<br /> interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with
<br /> 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 Note. For this purpose, Borrower, in consideration of the debt and the trust
<br /> 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: 527 HOLCOMB ST,GRAND ISLAND,Nebraska 68801-7454
<br /> Legal Description: LOT THREE (3), BLOCK THREE (3), SECOND ADDITION TO HOLCOMB'S
<br /> HIGHWAY HOMES SUBDIVISION,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 /> 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-3877-2011L2 10 600
<br /> Consumer Real Estate-Security Instrument DL2036 Page I of 5 www compliancesystems com
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