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<br />THIS INSTRLTMENT PREPARED BY:
<br />Home Federal Savings & Loan Associahon of
<br />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 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
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<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY TffiS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on March 29, 2012. The grantors are JEFFREY L
<br />SPLATTSTOESSER and DAWN M SPLATTSTOESSER, HUSBAND AND WIFE, whose address is 2210
<br />NASHVII.LE ST, GRAND ISLAND, Nebraska 68803 ("Borrower"). Bonower is not necessarily the same as the
<br />Person or Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Bonowers who did not
<br />sign the Contract a.re explained further in the section titled Successors and Assigns Bound; Joint and Several
<br />Liability; Accommodation Signers. The trustee is Arend R Baack, Attorney whose address is P.O. Boz 790,
<br />Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of
<br />Grand Island, which is organized and existing under the laws of the United States of America and whose address
<br />is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"). JEFFREY L SPLATTSTOESSER and
<br />DAWN M SPLATTSTOESSER have entered into a Coniract with Lender as of March 29, 2012, under the terms
<br />of which Bonower may, from time to time, obtain advances not to exceed, at any time, a**'�MA�IIMUM
<br />PRINCIPAI, AMOUNT (EXCLUDING PROTECTIVE ADVANCES)**'� of Twenty-one Thousand Five
<br />Hundred and 00/100 Dollars (U.S. $21,500.00) ("Credit Limit"). Any pariy 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 April 15, 2017.
<br />This Security Instrument secures to Lender. (a) the repayment of the debt under the Contract, with interest,
<br />including futute 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 COiJNTY of HALL, State of Nebraska:
<br />Address: 2210 NASHVIL.LE ST, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT TEN (10), IN JEFFREY OAKS EIGHTH SUBDIVISION IN 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 refened 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 />Bonower and Lender covenant and agree as follows:
<br />Payment of Principal $nd 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 />AppHcable Law. As used in this Security Instcument, 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 />� zooa-zo� t co�u� s Inc. ADCD-3CBC - 2010L1.15.461
<br />Coneuma Real Eatate - Security Iffihument DL2036 Page t of 5 a'a'R'.�p��YB�.�m
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