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<br />THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of Home Federal Savings & Loan Association of
<br />Grand Island Grand Island �D
<br />221 South Locust Street 221 South Locust Street ��
<br />GRAND ISLAND, NE 68801 GRAND ISLAND, NE 68801 �
<br />(Space Above This Line For Recording Data)
<br />DE�I) O�' T1tUS�
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on January 27, 2012. The grantors are BILLIE C
<br />KLINGINSMITFI and DORIS A KLINGINSMITH, HUSBAND AND WIFE, whose address is 1317 N.
<br />LAFAYETTE AVENUE, GRAND ISLAND, Nebraska 68803 ("Borrower"). Bonower is not necessarily the
<br />same as the Person or Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Bonowers
<br />who did �qt sign, the ,Contract are explained fiuther in the section titled Successors and Assigns Bound; Joint
<br />and 5everal Liability; Accommodatie� Signexs. The trustee is Aren,d R. Baack, Attorney whose address is
<br />P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan
<br />Association of Grand Island, which is organized and existing under the laws of the United States of America and
<br />whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"). BILLIE C
<br />KLINGINSMITH and DORIS A KLINGINSMITH have entered into a Contract with Lender as of January
<br />27, 2012, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Ninety
<br />Thousand and 00/100 Dollars (U.S. $90,000.00) ("Credit Limit"). Any party interested in the details related to
<br />Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br />paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on January 15, 2017.
<br />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, Borrower, 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 property located in the COUNT'Y of HALL, State of Nebraska:
<br />Address: 1317 N. LAFAYETTE AVENUE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT TWO (2) OF WIESE'S SUBDIVISION, IN THE CITI' 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 fixlures 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 Bonower 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 encuxnbrances 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 Conlract.
<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 />«� 2004-209 k Compli@ncsSystetns. lnc. ADCD-6GFE 20�OL1.15.461. . . _
<br />Consumer Real Estete - Security Instnment DL„036 Page I of $ www.compliancesystems.com
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