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<br />THI5 INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of Home Federal Savings & Loan Association of / o
<br />Grand Island Grand Island � ��
<br />2215outh Locust Street 221 South Locust Street
<br />GRAND ISLAND, NE 68801 GRAND ISLAND, NE 68801
<br />(Space Above This Line For Re�ording Data)
<br />DEED OF TRUST
<br />(PR�AUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUS1�
<br />THIS DEED OF TRUST ("Security Instrument") is made on January 19, 2012. The grantors are DONALD J
<br />YOUNG and REBECCA A YOiJNG, HUSBAND AND WII+E, whose address is 402 RENEE RD, Doniphan,
<br />Nebraska 68832-9793 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the
<br />Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract aze explained
<br />further in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. The trustee is Arend R Baack, Attorney whose address is P.O. Boz 790, Grand Island, Nebraska
<br />68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is
<br />organized and existing under the laws of the United States of America and whose address is 221 South Locust
<br />Street, Grand Island, Nebraska 68801 ("Lender"). DONALD J YOiJNG and REBECCA A YOUNG have
<br />entered into a Coniract with Lender as of January 19, 2012, under the terms of which Bonower may, from time to
<br />time, obtain advances not to exceed, at any time, a***MAXIMUM PRINCIPAL AMOiJNT (EXCLUDING
<br />PROTECTIVE ADVANCES)'��* of Twenty Thousand and 00/100 Dollars (iJ.S. $20,000.00) ("Credit Limit").
<br />Any party interested in the details related to Lender's continuing obligation to make advances to Borrower is
<br />advised to consult directly with Lender. If not paid earlier, the sums owing under Bonower's Contract with Lender
<br />will be due and payable on February 15, 2017. This Security Instrument secures to Lender. (a) the repayment of
<br />the debt under the Contract, with interest, including fuhue advances, and all renewals, extensions and
<br />modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of
<br />this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property;
<br />and (c) the performance of Bonower's covenants and agreements under this Security Instrument and the Contract.
<br />For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 402 RENEE RD, Doniphan, Nebraska 68832-9793
<br />Legal Description: LOT FIFTY-ONE (51), AMICK ACRES WEST SUBDIVISION, HALL
<br />COUN�'I', NEBRASKA
<br />TOGETHER WI1'H 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 tUis 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 Properiy 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 />� 2004-2011 Compliaece Syatems. Ina ADCD-924B - 2010L1.15.461
<br />Consumer Real Eatete - Security Inatrument DL2036 Page 1 of 5 www.compliencesystems.com
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