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<br />(Space Above This Line For R�ording Data)
<br />DEED OF TRUST
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<br />THIS DEED OF TRUST ("Security Instrument") is made on August 9, 2011. The grantors are JOHN R
<br />SWANSON and RACHEL J SWANSON, HUSBAND AND WII+E, whose address is 1510 MANSFIELD
<br />ROAD, GRAND ISLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or
<br />Persons who sign the Note. The obligations of Borrowers who did not sign the Note are explained furkher in the
<br />section titled Successors and Assigns Bound; Joint and Several Liability; Accomraodation Signers. The
<br />trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee").
<br />The beneficiary is Home Federal Savings & Loan Associat3on of Grand Island, which is organized and existing
<br />under the laws of the United States of America and whose address is 221 5outh Locust Street, Grand Island,
<br />Nebraska 68801 ("L,ender"). JOHN R 5WANSON and RACHEL J SWANSON owe Lender the principal sum of
<br />Seventy-five Thousand Seventy-nine and 50/100 Dollars (iJ.S. $75,079.50), wluch is evidenced by the note,
<br />consumer loan agreement, or similar writing dated the same date as tlus Security Instrument (the "Note"), which
<br />provides for periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on
<br />February 5, 2012. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the paylnent of all other sums,
<br />with interest, advanced to protect the security of this Security Instrument under the provisians 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 Instrurnent and the Note. For this purpose, Borrower, in consideratia� 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: 1510 MANSFIELD ROAD, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT TWELVE (12) GRAND WE5T 5UBDIVISION IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />TOGETHER WITH all the improvements now or hereafter erected on the prc�perty, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacemants aud additions sball also be
<br />covered by this Security Instrument. All of the foregoing is referred to in tbis Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby canveysd and has the right to
<br />gant and convey the Property and that the Property is unenctunbered, except for encutubrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claiuis aud demands, subject to
<br />any encumbrances of record.
<br />Secured Indebtedness. The debt evidenced by the Note and wluch is secured by tbis Securlty Insxrument is
<br />subject to the provisions of 12 CFR 226.32. Borrower acknowledges that Borrower has �eceived tbe disclosures
<br />prescribed by 12 CFR 226.32 at least three business days prior to the execution af the Nate and this Security
<br />Instrument, or as otherwise required by 12 CFR 226.31. Bonower and Lender further acic�awledge and agree that
<br />this Security Instrumettt will secure additional debt subject to 12 CFR 226.32 only if I,ender satisfies t11e 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" sha11 mean all controlling
<br />applicable federal, state and local statutes, regulations, ordivances 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 Tages and Insurance. At Lender's request and subject to Applicable I.,aw, Borrower shall pay to
<br />Lender on the day periodic payments are due under the Note, until the Note is paid in fu11, 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 Properiy, 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 ( fl
<br />any sums payable by Borrower to Lender, in accordance with the provisions of the parap,raph titled Mortgage
<br />Insurance, in lieu of the payment of mortgage insurance premiums. These items are called "�scrow Items."
<br />� 20042010 Compliance Syste�ns, Inc. EEO&D71A • 2010.03.378
<br />Consumer Real Estate - Security Iuatrument DI.2036 Page 1 of 6 www.compliaacesystewa.com
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