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<br /> (Space Above This Line For Recording Data)
<br />LOAN NUMBkR: 0100610145
<br /> DEED OF TRUST
<br />T"HIS DEED OF TRUST ("Security Instrument") is made on August 20, 2009. The grantor is SHAWN M
<br />HONEYCUTT, A SINGLE PERSON, whose address is 2122 W bTH ST, Grand Island, Nebraska 68803
<br />("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Note. The obligations of
<br />Borrowers who did not sign the Note are explained further in the section titled Successors and Assigns Bound;
<br />Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address
<br />is P.O. Box 79U, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings &
<br />Loan Association of Grand Island, which is organized and existing under the laws of the United States of
<br />America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"). SHAWN M
<br />HONEYCUTT owes Lender the principal sum of Fifteen Thousand One Hundred '1"wenty-three and 60/100
<br />Dollars (U.S. $15,123.60), which is evidenced by the note, consumer loan agreement, or similar writing dated the
<br />same date as this Security Instrument (the "Note"), which provides for monthly payments ("Periodic Payments"),
<br />with the full debt, if not paid earlier, due and payable on February 20, 2015. This Security instrument secures to
<br />Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and
<br />modifications of the Note; (b) the payment of all other sums, with interest, advanced to protect the security of this
<br />Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and
<br />(c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this
<br />purpose, Borrower, in consideration of the debt and die trust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located iu the COUNTY of HALL, State of
<br />Nebraska:
<br />Address: 2122 W 6TH ST, Grand Island, Nebraska 68803
<br />Legal Description: SUITE FIVE (5) AND GARAGE. FIVH; (S), GEMSTONE CONDOMINIUM
<br />PROPERTY R1aGIME ONE (1), IN 'I'HE 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 />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 l2 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 I.,aw.
<br />Borrower and Lender covenant and agree as follows:
<br />Fayment 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 die 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 iusurance
<br />premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (fj
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />a~ 2004-2009 Compliance Systems, Inc. 3578-9GA9 - 2009.04.57
<br />Consumer Real Astnle -Security Instrument DL2036 Page 1 of 6 www.complianccsystcros.com
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