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<br />THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of Home Federal Savings & Loan Association of
<br />Grand Island Grand Island
<br />221 South Locust Street 221 South Locust Street
<br />GRAND ISLAND, NE 68801 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 THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on June 6, 2012. The grantor is CAROL L
<br />PETERSON, A SINGLE PERSON, whose address is 2203 BAS5 RD, GRAND 1SLAND, Nebraska 68801
<br />("Borrower"). Bortower is not necessarily the same as the Person or Persons who sign the Equity - Line of Credit
<br />("Contract"). The obligations of Borrowers who did not sign the Contract are explained further in the section titled
<br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend
<br />R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary
<br />is Home Federal Savings & Loan Association of Grand Islaud, which is organized and existing under the laws
<br />of die United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). CAROL L PETERSON has entered into a Contract with Lender as of June 6, 2012, under the terms
<br />of which Borrower may, from time to time, obtain advances not to exceed, at any tune, a�*�MAXIMUM
<br />PRINCIPAL AMOiJNT (EXCLUDING PROTECTIVE ADVANCES)�'*� of Seventy Thousand and
<br />00/100 Dollars (U.S. $70,000.00) ("Credit Limit"). Any party interested in the details related to Lender's
<br />continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not paid earlier,
<br />the sums owing under Borrower's Contract with Lender will be due on June 15, 2017. This Security Instrument
<br />secures to Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and
<br />all renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with interest,
<br />advanced to protect the security of this Security Instrument under the provisions of the section titled Protection of
<br />Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this
<br />Security Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the trust herein
<br />created, inevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in the COUNTY of HALL, State of Nebraska:
<br />Address: 2203 BASS RD, GRAND ISLAND, Nebraska 68801
<br />Legal Description: LOT FOUR (4), RAINBOW LAKE SUBDIVISION, 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 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.
<br />Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain ptiority 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 />� 2004-2011 CompGance Systems, [nc. 9BAD-246C - 2011 L2.0.485
<br />Consumer Real Estate - Securdy Instrument DL2036 Pnge I of 5 www.compliancesys[ems.com
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