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<br />THIS INSTRiJMENT PREPARED BY:
<br />Home Federal Savings & Loan Associal3on of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Associal3on of
<br />Grand Island
<br />2215outh Locust 5treet
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For R�ording Dab)
<br />NMI.,S COMPANY IDENTIFIER: 446443
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCE5 ARE SECURED
<br />BY THIS DEED OF TRUS1�
<br />THIS DEED OF TRUST ("Security Instrument") is made on May 25, 2012. The grantors aze MARTIN D
<br />CARPENTER and LORI A CARPENTER, formerly l�own as LORI A GONKA, HUSBAND AND WIFE,
<br />whose address is 34 VENU5 ST, Alda, Nebraska 68810-9744 ("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 aze explained further in the section titled Successors and Assigns Bound; Joint and
<br />Several Liability; Accommodation Signers. The trustee is Arend R Baack, Attorney whose address is P.O.
<br />Boz 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan
<br />Association of Grand Island, wluch is organized and existing under the laws of the United States of America and
<br />whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"). MARTIN D
<br />CARPENTER and LORI A CARPENTER have entered into a Contract with Lender as of May 25, 2012, under
<br />the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />*��MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)��* of Fifteen
<br />Thousand and 00/100 Dollars (LT.S. $15,000.00) ("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 on June 15, 2017. This Security
<br />Instrument secures to Lender: (a) the repayment of the debt under the Conlract, with interest, including future
<br />advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with
<br />interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Contract. For tUis purpose, Borrower, in consideration of the debt and the
<br />hvst herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following descn'bed
<br />property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 34 VENiTS ST, Alda, Nebraska 68810-9744
<br />Legal Description: LOT THIItTY FOUR (34), IN ARGO FOURTH SUBDIVISION, IN THE
<br />VII.LAGE OF ALDA, HAI�L 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 sha11 also be
<br />covered by this Security Instrument. All of the foregoing is refeaed to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANT5 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 tide 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. Bonower 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 Contrac�
<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 (tha.t have
<br />the effect of law) as well as all applicable final, non-appealable judicial opinions.
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<br />� 2004-2011 Compliance Syatema, Ina 9BAD-75B0 - 2011L2.0.485
<br />Coas�er Real Eatete - Security Inatnrment DL2036 Pege 1 af 5 a'�'•�P��Y9�•�
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