|
~~
<br />~~
<br />~
<br />~^ o
<br />~
<br />.,~^
<br />~ ~~ m
<br />o ~
<br />~ ~ ~~ ~
<br />c~D~ ~5 ~ 7d
<br />.~ ~
<br />-~-. ~ -~ ~
<br />d r
<br />~~
<br />.__.~. z
<br />...~.
<br />~~ m
<br />a
<br />N
<br /> m
<br /> _
<br />-~'n rn ~ t° ~ ~ ~
<br /> -
<br />
<br />N A
<br />n cn " ~. Q ° r~ c
<br />n
<br />
<br />
<br />
<br /> © ~ r a -~ ~
<br /> ~ ~c "'~ ~
<br /> h-+ T1
<br />1
<br />
<br /> z
<br />
<br /> o
<br />LOAN NUMBER: 0100601294
<br />(Space Above This Line Por Recording pata)
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on June 1, 2009. The grantor is JOHN P STINSON,
<br />HUSBAND/WIFE, and DENISE L STINSON, HUSBAND/WIFE, whose address is 4006 INDIANHEAD DR,
<br />Grand Island, Nebraska 68803 ("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"). JOHN P STINSON and DENISE L STINSON owe Lender the principal sum of Eight Thousand
<br />Eight Hundred Sixty and 64/100 Dollars (U.S. $8,860.64), which is evidenced by the note, consumer loan
<br />agreement, or similar writing dated the same date as this Security Instrument (the "Note"), which provides far
<br />periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on June 1, 2012.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and
<br />all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COUNTY of HALL, state of Nebraska:
<br />Address: 4006 INDIANHEAD DR, Grand Island, Nebraska 68803
<br />Legal Description: LOT THIRTEEN (13), INDIANHEAD SEVENTH SUBDIVISION, IN THE CITY
<br />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:
<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 />Funds for Taxes and Insurance. At Lender's request and subject to Applicable Law, Borrower shall pay to
<br />Lender on the day periodic payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a)
<br />yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b)
<br />yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance
<br />premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (f)
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />© 2004.2008 Copyright Compliance Systems, Inc. 74Ep-5115 - 2008.10.269 www.eomplianccsystcros.com
<br />Consumer Real Estate -Security Instrument DL2036 Page I of 6 800-968-8522 -Fax 616-956-1868
<br />3~ .S ~
<br />
|