|
~~
<br />~
<br />~ ~ m
<br />~..~,~
<br />~~
<br />~ ~
<br />A = ~
<br />~. c~ cn
<br />c~ -i c~ ~
<br />m
<br />
<br />
<br />
<br />
<br />
<br />W ~~ rrl ~ ,._ ~ 21
<br />~ r 1
<br />v
<br /> ~ ~' ~
<br />~~ ~-- ~ m
<br /> ~ ca
<br />r c» ~ rn
<br />~ ~' Q
<br />LOAN NUMBER: 0100601324
<br />(Space Above This Line bor Recording Data)
<br />5'sa
<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 June 4, 2009. The grantor is DENNIS H JAKOB,
<br />HUSBAND AND WIFE, and JANIS P JAKOB, HUSBAND AND WIFE, whose address is 4419 CALVIN DR,
<br />Grand Island, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br />sign the Contract. The obligations of Borrowers who did not sign the Contract 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 6$802 ("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"). D1fNNIS H JAKOB and JANIS P JAKOB have entered into aEquity -Line of
<br />Credit ("Contract") with Lender as of June 4, 2009, 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 Twenty Thousand and 00/100 Dollars (U.S. $20,000.00) ("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 and payable on June 15, 2014. This Security Instrument secures to Lender: (a) the repayment of the
<br />debt under the Contract, with interest, including future advances, and all renewals, extensions and modifications of
<br />the 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: 4419 CALVIN DR, Grand Island, Nebraska 6$801
<br />Legal Description: LOT THIRTEEN (13), IN BLOCK TWO (2), LAKE DAVIS ACRES
<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 awed 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 />Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)
<br />contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
<br />Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br />@9 2004.2006 Copyright Compliance Systems, Inc. 74ED-668E - 2008.10.289 www.complianccsystcros.cam
<br />Consumer Real Estate -Security Instrument DL20)6 Page I of 5 800-966-8522 -Fax 616-956.1868
<br />
|