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<br />�j THIS INSTRUMENT PREPARED BY:
<br />—{ Home Federal Savings & Loan Association of
<br />.2, Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
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<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Associafion of
<br />Grand Island
<br />2Z1 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For Recording Data)
<br />NMLS COMPANY IDENTIFIER: 446443
<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 Instivment") is made on March 31, 2012. The grantor is GLENN H KNUTH,
<br />A SINGLE PERSON, whose address is 1922 W 4TH ST, GRAND ISLAND, Nebraska 68803-4603
<br />("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Equity - Line of Credit
<br />("Contract"). The obligations of Borrowers who did not sign the Contract are explained fiurther ixl the section titled
<br />Successors arid Assigns Bound; Joint and Several Liability; Accommodation Signers. Th� trustee is Arend
<br />R Baack, Attorney whose address is P.O. Boz 790, Grand Island, Nebraska 68802 ("Tntstea"). T'he beneficiary
<br />is Home Federsl Savings & Loan Association of Grand Island, which is organized and exlstillg uttder the laws
<br />of the Unitad St�tes of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). GIaENN H KNUTH has entered into a Contract with Lender as of March 31, 2012, under the terms
<br />of which Bortower may, from time to time, obtain advances not to exceed, at any time, a�'�'�'MAXIMUM
<br />PRINCIPAI, AMOIJNT (EXCLUDING PROTECTIVE ADVANCES)*** of Forty Thousand and 00/100
<br />Dollars (U.S. $40,000.00) ("Credit Limit"}. Any pariy interested in the details related to Lender's continuing
<br />obligation to ulake advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums
<br />owing undar Borrower's Contract with Lender will be due on March 15, 2017. This Security Inatrument secures to
<br />Lender: (a) t11e repayment of the debt under the Contract, with interest, including future advances, and all
<br />renewals, extensions and mod�cations of the Contract; (b) the payment of all other sums, wlth interest, advanced
<br />to protect the sectulty of tbis Security Instrument under the provisions of the section titled Pratectlon of Lender's
<br />Rights in the Property; and (c) the performance of Bonower's covenants and agreements uuder this Security
<br />Instrument aud tbe Contract. For this purpose, Borrower, in considerarion of the debt and the truat herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COUNTY of HALL, State of Nebraska:
<br />Address: 1922 W 4TH ST, GRAND ISLAND, Nebraska 68803-4603
<br />Legal Description: LOTS NINE(9) AND TEN (10) BLOCK TEN (10) IN PACKER & BARR'S
<br />ADDITION, CTTY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />TOGETHEIt 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 additious 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 �OVENANT5 that Borrower is lawfully seised of the estate hereby conveyed attd has the right to
<br />grant and a�nvey 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 a11 claims and demands, subject to
<br />any encumbrances of record.
<br />Bonower and Lender covenant and agree as follows:
<br />Payraent of PrIACIpaI and Interest; Other Charges. Borrower shall promptly pay when due the principal of and
<br />interest ou the debt owed under the Contract and late charges or any other fees and charges due uuder tbe Contract.
<br />Applieable I.aw. 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.
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<br />� 2004-2011 Cowpljap�ce Systema, Ine. 9BAD-SD3B - 2011 L.2.0.485
<br />Consumer Real Eatate • Security Insdvment DL2036 Page 1 of 5 www.compliancesystems.com
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