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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 b d
<br />Grand Island Grand Island .�� �
<br />221 South Locust Street 221 South Locust 5treet
<br />GRAND ISLAND, NE 68801 GRAND ISLAND, NE 68801
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUS'I�
<br />THIS DEED OF TRUST ("Security Instrument") is made on February 9, 2012. The grantors aze NIICHAEL
<br />LACHNIT and KAREN K LACHNTT, HUSBAND AND WIFE, whose address is 2305 S BLAINE ST,
<br />GRAND ISLAND, Nebraska 68801-7304 ("Borrower"). Borrower is not necessarily the same as the Person or
<br />Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the
<br />Contract are explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation Signers. The trustee is Arend R Baack, Attorney whose address is P.O. Bog 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand
<br />Island, which is orgauized and existing under the laws of the United States of America and whose address is 221
<br />South Locust Street, Grand Island, Nebraska 68801 ("Lender"). MICHAEL LACHNIT and KAREN K
<br />LACHNIT have entered into a Contract with Lender as of February 9, 2012, under the terms of which Bonower
<br />may, from time to time, obtain advances not to exceed, at any time, a�**MAI�IVIUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*'�* of Twenty Thousand and 00/100 Dollars (U.S. $20,000.00)
<br />("Credit Limit"). Any party interested in the detaiLs related to Lender's continuing obligation to make advances to
<br />Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract
<br />with Lender will be due and payable on February 15, 2017. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt under the Contract, with interest, including future 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 Borrower's covenants and agreements under this Security Instrument and the Contract.
<br />For this purpose, Bonower, 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: 2305 S BLAINE ST, GRAND ISLAND, Nebraska 68801-7304
<br />Legal Description: LOTS THIItTY-ONE (31) AND tHIItTY-THREE (33), BLOCK "C" IN PARK
<br />VI�W 5UBDIVISION, IN THE CITY OF GRAND 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 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 chazges or any other fees and charges due under the Coniract.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all conirolling
<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 />O Z004-2011 Complience Syatems, Iac. ADCD-OBSE - 2010L1.15.461
<br />Conaumer Real Eatete - Security Inatrument DL2036 Page 1 of 5 a'�'•�P��3s��•�
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