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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 RETiJRN 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 />NMLS COMPANY IDENTIFIER: 446443
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THI5 DEED OF TRUST ("Security Instrument") is made on May 21, 2012. The grantors are MATTHEW W
<br />HARRIS and STACY F HARItI5, HUSBAND AND WIFE, whose address is 911 CLAUSSEN AVE,
<br />GRAND ISLAND, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the Person or Persons
<br />who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract
<br />are explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand
<br />Island, Nebraska 68802 ("Tntstee"). The beneficiary is Home Federal Savings & Loan Association of Grand
<br />island, which is organized and existing under the laws of the United States of America and whose address is 221
<br />South Locust Street, Grand Island, Nebraska 68801 ("Lender"). MATTHEW W HARRIS and STACY F
<br />HARRIS have entered into a Contract with Lender as of May 21, 2012, under the terms of which Bonower may,
<br />from time to time, obtain advances not to exceed, at any time, a***MAXIMLTM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*'�� of Eighteen Thousand Five Hundred and 00/100 Dollars
<br />(U.S. $18,500.00) ("Credit I;imit"). Any pariy interested in the details related to Lender's continuing obligation to
<br />make advances to Borrower 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 June 15, 2017. This Security Instrum�ent 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 sums, with interest, advanced to protect the security of
<br />this 5ecurity Instrument under the provisions of the section titled I'rotection of Lender's Rights in the Property;
<br />and (c) the performance of Borrower'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: 911 CLAUS5EN AVE, GRAND ISLAND, Nebraska 68801
<br />Legal Description: LOT FOURTEEN (14) BLOCK FIVE (5) IN CLAUSSEN COLTNTRY VIEW
<br />ADDITION, IN THE 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 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 Properiy and that the Property is unencutnbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Properiy 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 fmal, non-appealable judicial opinions.
<br />� 2004-2011 Compliance Systems, Inc. 9BAD-0840 - 2011L2.0.485
<br />Consumer Real Estate - Secmity Iagtrument DL2036 Pege t of 5 mvw.compliancesystems.com
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