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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 68801
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<br />AFTER RECORDING RETURN TO: a����
<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 TRUST
<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 February 21, 2012. The grantors are DEAN L
<br />HARMS and EILEEN F HARMS, HUSBAND AND WIFE, whose address is 4230 SPUR LN, GRAND
<br />ISLAND, Nebraska 68803-2233 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br />sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are
<br />explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />AccommodaHon Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The benefciary is Home Federal Savings & Loan Association of Grand
<br />Island, which is organized and existing under the laws of the United States of Axnerica and whose address is 221
<br />5outh Locust Street, Grand Isl$nd, Nebraska 68801 ("Lender"). DEAN L HARMS and EII.EEN F HARMS
<br />have entered into a Contract with Lender as of February 21, 2012, under the terms of which Borrower may, from
<br />time to time, obtain advances not to exceed, at any time, a�'�*MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)��* of Eighty Thousand and 00/100 Dollars (U.S. $80,000.00)
<br />("Credit L'unit"). Any party interested in the details related to Lender's continuing obligation to make advances to
<br />Bortower 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 March 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 sutns, 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: 4230 SPUR LN, GRAND ISLAND, Nebraska 68803-2233
<br />Legal Description: LOT THIRTY-ONE (31), WESTERN HEIGHTS THIRD SUBDIVISION IN THE
<br />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 properly. 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 charges or any other fees and charges due under the Contract.
<br />Applicable Law. As used in this Securiry 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 Complience Systems, inc. ADCD=.1921 - 2010Lt.15.461 .
<br />Consumer Real Estete - Security Ivstrumeot DL2036 Pege 1 of 5 www.complievicevystems.com
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