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<br />THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Losn Association of
<br />Grand Island
<br />2215outh Locust Street
<br />GRAND ISLAND, NE 68801
<br />NMI,S COMPANY IDENTIFIER: 446443
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust 5treet
<br />GRAND ISLAND, NE 68801 �� S�
<br />.
<br />(Space Above This Line For Recording Daffi)
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUS�
<br />THIS DEED OF TRUST ("Security Instrument") is made on June 15, 2012. The grantors are NIICHAEL W
<br />REA and DICKI L REA, HUSBAND AND WIFE, whose address is 934 E 5UNSET AVE, GRAND I5LAND,
<br />Nebraska 68801-8167 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the
<br />Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are explained
<br />further in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. The trustee is Arend R Baack, Attorney whose address is P.O. Boz 790, Grand Island, Nebraska
<br />68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is
<br />organized and existing under the laws of the United States of America and whose address is 221 South Locust
<br />Street, Grand Island, Nebraska 68801 ("Lender"). MICHAEL W REA and DICKI L REA have entered into a
<br />Contract with Lender as of June 15, 2012, under the terms of which Bonower may, from time to time, obtain
<br />advances not to exceed, at any time, a'�*�MA?II11ZUM PRINCIPAL AMOiJNT (EXCLUDING
<br />PROTECTIVE ADVANCES)**� of Fifteen Thousand Five Hundred and 00/100 Dollars (iT.S. $15,500.00)
<br />("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make advances to
<br />Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract
<br />with Lender will be due on July 15, 2017. This Security Instrument secures to Lender. (a) the repayment of the
<br />debt under the Contract, with interest, including future advances, and all renewals, extensions and modifications of
<br />the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of this Security
<br />Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the
<br />performance of Borrower's covenants and agreements under tUis Security Inslrument and the Contrac� For this
<br />purpose, Bonower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power of sa1e, the following described properiy located in the COiTNTY of HALL, State of
<br />Nebraska:
<br />Address: 934 E SUNSET AVE, GRAND ISLAND, Nebraska 68801-8167
<br />Legal Description: LOT TWELVE (12), IN BLOCK ONE (1), PLEASAN� VIEW SEVENTH
<br />SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />TOGETHER WITA all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the properiy. All replacements and additions shall also be
<br />covered by tlus Security Instrument. All of the foregoing is refened to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Properiy 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 />AppHcable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all conirolling
<br />applicable federal, state and local statutes, regtilations, ordinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />m 2004-20ll Complience Syeterm�, Inc. 9BAD-S9FC - 201 II2.0.485
<br />Coreumer Real Fstaze - Security Iostrument DL2036 Page 1 of 5 wwa'•eompTiencesYs[ems.com
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