|
<br /> o ~--~
<br />,._,.~
<br />c-~ ~-~ z
<br />~w~ ~ t ~. ~ ~ `~ ~
<br />
<br />
<br />~
<br />M
<br />
<br />Z ~ r.w
<br />~._...,
<br />~ ~, r
<br />
<br />~ C Ti
<br />
<br />~
<br />
<br />CV
<br />
<br />~
<br /> ~
<br />C
<br />h ~ ~
<br />~
<br />-
<br />r r
<br />~ ~
<br />t~ tl
<br />1
<br />v
<br />
<br />_
<br />~
<br />~ -C
<br />.,.~. ~ -~ ca ..
<br />-~ -
<br /> w . z
<br /> ~~ ~ ~
<br />
<br />cn ~
<br />r
<br />c~a ~
<br />-- ~
<br />
<br />~ ~
<br />t,~ r
<br />~ rn C
<br />,~~
<br />1 ~ ~ A ~ ~ .
<br />.
<br />
<br />
<br />~
<br />
<br />h
<br />
<br />~
<br />
<br />~
<br />
<br />L~ `~ ~
<br />y
<br />y
<br />~ ~ 1
<br /> v
<br />
<br />
<br />~+] O
<br />3~'
<br />(Space Above This Line For Recording Bata)
<br />DEED OF TR[JST
<br />THIS DEED OF TRUST ("Security Instrument") is made on August 27, 2010. The grantors are SHANNON M
<br />READY and LORI J READY, HUSBAND AND WIFE, whose address is 1717 ALLEN CT, GRAND ISLAND,
<br />Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Note.
<br />The obligations of Borrowers who did not sign the Note 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 beret-tciary is Home
<br />Federal Savings & Load 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"). SHANNON M READY and LORI J READY awe Lender the principal sum of Six Thousand
<br />Seven Hundred Twenty-eight and 96/100 Dollars (U.S. $6,728.96), which is evidenced by the note, consumer
<br />loan agreement, or similar writing dated the same date as this Security Instrument (the "Note"), which provides for
<br />periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable an August 20,
<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: 1717 ALLEN CT, GRAND ISLAND, Nebraska 6$$03
<br />Legal Description: LOT THIRTY-FIVE (35) ]N R & B SUBDIVISION IN THE CITY OF GRAND
<br />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 Froperty 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 an 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 fmal, non-appealable judicial opinions.
<br />Funds far 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 Bon ower to Lender, in accordance with the provisions of the paragraph titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br />® 2004-2009 Compliance Systems, Inc. 002D-39A6 - 2009.12.368
<br />Consumer Real Estate -Security Instrument OL2036 Page 1 of 6 www.complianeesystcros.com
<br />
|