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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
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of �
<br />Grand Island °
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<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 April 10, 2012. The grantors are MICHAEL J
<br />NOLAN and BEVERLY NOLAN, HUSBAND AND WIFE, whose address is 1450 S GiJNBARREL RD,
<br />GRAND ISLAND, Nebraska 68801-9048 ("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 5everal LiabiHty;
<br />Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand
<br />Island, which is organized a�d 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 J NOLAN and BEVERLY
<br />NOLAN have entered into a Contract with Lender as of April 10, 2012, under the terms of which Bonower may,
<br />from time to time, obtain advances not to exceed, at any time, a*'��'MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)�** of Sixty Thousand One Hundred and 00/100 Dollars (U.S.
<br />$60,100.00) ("Credit Limit"). Any parly interested in the details related to Lender's continuing obligation to make
<br />advances to Bonower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due on April 15, 2017. This Security Instrument secures to Lender: (a)
<br />the repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions
<br />and modifications of the Contract; (b) the payrnent of all other sums, with interest, advanced to protect the security
<br />of this Security Inshument under the provisions of the section titled Protection of Lender's Rights in the
<br />Property; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Contrac� For this purpose, Bonower, in consideration of the debt and the trust herein created, irrevocably grants
<br />and conveys to Trustee, in tzvst, with power of sale, the following described properiy located in the COiTNTI' of
<br />HALL, State of Nebraska:
<br />Address: 1450 S GIJNBARREL RD, GRAND ISLAND, Nebraska 68801-9048
<br />Legal Description: LOT ONE (1) PARADISE LAKE ESTATES, SIXTH SUBDIVISION, HALL
<br />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 5ecuriry 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.
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<br />� 2004-2011 Compliance Systems, Inc. 9BAD-06CB - 201 I L2.0.485
<br />Con4�er Real Estate - Security Iestnmieat DL2036 Pege � of 5 www.compli�cesystems.com
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