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<br /> LOAN NUMBER: p100611214
<br /> DEED QF 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 15, 2009. The grantor is CHERYL L
<br />KOSMICKI, whose address is 4223 MANCHESTER RD, Grand Island, Nebraska 68803 ;and RANDALL P
<br />KOSMICKI, WIFE AND HUSBAND, whose address is 4223 MANCHESTER RD, Grand Island, Nebraska
<br />68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Contract. The
<br />obligations of Borrowers who did not sign the Contract are explained further in the section titled Successors and
<br />Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baack,
<br />Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home
<br />Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws of the
<br />United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). CHERYL L KOSMICKI has entered into aEquity -Line of Credit ("Contract") with Lender as of
<br />June 15, 2009, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any
<br />time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of
<br />Twelve Thousand and 00/100 Dollars (U.S. $12,000.00) ("Credit Limit"). Any party interested in the details
<br />related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender.
<br />If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on May 21,
<br />2014. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest,
<br />including future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all
<br />other sums, with interest, advanced to protect the security of this Security Instrument under the provisions of the
<br />section titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants
<br />and agreements under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of
<br />the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />following described property located in the COUNTY of HALL, state of Nebraska:
<br />Address: 4223 MANCHESTER RD, Grand Island, Nebraska 68803-2214
<br />Legal Description: LOT SEVENTY THREE (73), LE HEIGHTS FOURTH SUBDIVISION, A
<br />TRACT OF LAND COMPRISING A PART OF THE EAST HALF OF THE NORTHWEST
<br />QUARTER (El/2NW1/4) OF SECTION ELEVEN (11), TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE TEN (10) WEST OF THE 6TH P.M., 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 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 />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 />9J 2004-2008 Copyright Compliance Systems, Inc. 74Eb-09Aq - 2008.10.289 www,compliancesystems.com
<br />Consumer Real Eatate -Security [nsttwnent DL2036 Page 1 of 5 800-968-8522 -Fax 616-956-1868
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