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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 S � �
<br />Grand Island /�
<br />221 South Locust Street �5
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Liue 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 ("5ecurity Instrument") is made on June 6, 2012. The grantor is VALY
<br />PHOMMALYVANH, A SINGLE PERSON, whose address is 816 E 7TH ST, GRAND ISLAND, Nebraska
<br />68801-2724 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Equity -
<br />Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are explained further in
<br />the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The
<br />trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee").
<br />The beneficiary is Home Federal Savings & I.oan Association of Grand Island, which is organized and existing
<br />under the laws of the United States of America and whose address is 221 South Locust Street, GrAnd Island,
<br />Nebraska 68801 ("Lender"). VALY PHOMMALI'VANH has entered into a Contract with Lender as of June 6,
<br />2012, under the terms of which Bonower may, froin time to time, obtain advances not to exceed, at any time, a
<br />***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)'k�* of Five
<br />Thousand Seventy-nine and 50/100 Dollars (U.S. $5,079.50) ("Credit Liinit"). Any party interested in the details
<br />related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender.
<br />If not paid earlier, the sums owing under Borrower's Contract with Lender will be due on Ju�►e 15, 2017. This
<br />Security Instntment secures to Lender: (a) the repayment of the debt under the Contract, with interest, including
<br />future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all other sums,
<br />with interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Protection of Lender's Rights in tl�e Property; and (c) the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the
<br />trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the COUNTI' of HALL, State of Nebraska:
<br />Address: 816 E 7TH ST, GRAND ISLAND, Nebraska 68801-2724
<br />Legal Description: LOT SEVEN (7), BLOCK TEN (10), VOITLE'S ADDITION TO 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 referred to in this Security Instrument as the
<br />"Properiy."
<br />BORROWER COVENANT'S 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 t(�e 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.
<br />Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br />9_l
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<br />� 2004-2011 CompGance Systems, Inc. 96AD-A7C I- Z01 I L2.0.485
<br />Con9umer Real Estate - Security Instniment OL2036 Page I of 5 www.compfiancesystems.com
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