|
r
<br />C7 Ch
<br />tee,
<br />fir
<br />-
<br />~o
<br />-t p
<br />M1-,
<br />n
<br />,
<br />~
<br />C)
<br />B
<br />=
<br />m
<br />iV
<br />r" IMP W c~
<br />1`1 CA
<br />J
<br />D,~
<br />O
<br />0
<br />
<br />in
<br />Q
<br />r 77
<br />N
<br />CA)
<br />Cf)
<br />r
<br />C 4'
<br />_
<br />vU)
<br />cn
<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
<br />221 South Locust Street 221 South Locust Street
<br />GRAND ISLAND, NE 68801 GRAND ISLAND, NE 68801
<br />00
<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 March 17, 2012. The grantors are MONTE L
<br />SCHOENSTEIN and MAURINE S SCHOENSTEIN, HUSBAND AND WIFE, whose address is 2026
<br />SHERIDAN AVE, GRAND ISLAND, Nebraska 68803-1925 ("Borrower"). Borrower is not necessarily the same
<br />as the Person or Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did
<br />not sign the Contract are explained further in the section titled Successors and Assigns Bound; Joint and
<br />Several Liability; Accommodation Signers. The trustee is ("Trustee"). The beneficiary is Home Federal
<br />Savings & Loan Association of Grand Island, which is organized and existing under the laws of the United
<br />States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender").
<br />MONTE L SCHOENSTEIN and MAURINE S SCHOENSTEIN have entered into a Contract with Lender as of
<br />March 17, 2012, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any
<br />time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of
<br />Seventy Thousand and 00/100 Dollars (U.S. $70,000.00) ("Credit Limit"). Any party interested in the details
<br />related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender.
<br />If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on April 15,
<br />2013. 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 COUNTY of HALL, State of Nebraska:
<br />Address: 2026 SHERIDAN AVE, GRAND ISLAND, Nebraska 68803-1925
<br />Legal Description. THE SOUTHERLY 23.25 FEET OF LOT THREE (3) AND ALL OF LOT FIVE
<br />(5), IN BLOCK TWENTY (20), IN UNIVERSITY PLACE, AN ADDITION TO THE CITY OF
<br />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 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 />0 20042011 Compliance Systems, Inc. ADCD 37ED - 2010L1.15.461
<br />Consumer Real Estate - Security Instrument DL-2036 Paget of 5 www.compfancesystow.com
<br />
|