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<br />THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68�01
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<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRU5T
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Inshument") is made on February 8, 2012. The grantors are GARY P
<br />ROWE and DEE ROWE, husband and wife, whose address is 2550 S ENGLEMAN RD, Alda, Nebraska
<br />68810 ("Bonower"). Borrower is not necessarily the same as the Person or Persons who sign the Equity - Line
<br />of Credit ("Contract"). The obligations of Bonowers who did not sign the Contract are explained fiu�ther in the
<br />section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation 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 Association of Grand Island, which is organized and existing
<br />under the laws of the United States of America and whose address is 221 South Locust 5treet, Grand Island,
<br />Nebraska 68801 ("Lender"). GARY P ROWE and DEE ROWE have entered into a Contract with Lender as of
<br />February 8, 2012, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at
<br />any time, a**�MAXIMiIM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of
<br />Fifty Thousand and 00/100 Dollars (U.S. $50,000.00) ("Credit L'unit"). Any party interested in the details related
<br />to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br />paid eazlier, the sums owing under Borrower's Contract with Lender will be due and payable on February 15,
<br />2017. 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, Bortower, 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 properiy located in the COUNTY of HALL, State of Nebraska:
<br />Address: 2550 S ENGLEMAN RD, Alda, Nebraska 68810
<br />Legal Description: see attached "EXHIBIT A"
<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 />"Properly."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />gant and convey the Properiy and that the Properiy is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Properly 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. Bonower 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 ta�ces, assessments, charges, fines and impositions attributa.ble to the
<br />Property which may attain priority over this Security Instnunent, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Borrower shall promptly furnish to Lender receipts evidencing the payments.
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<br />� 2004-2011 Complimice Sys[ems, Inc. ADCD - 20IOLI.I5.461
<br />Conaumer Real Estate - Secucity Instrument DL2036 Page 1 of 5 www.complimmcesystems.com
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