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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 I5LAND, NE 68801
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<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island �
<br />221 South Locust Street c� �,�
<br />GRAND ISLAND, NE 68801 °C
<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 TRUS'1�
<br />THIS DEED OF TRU5T ("Security Instrument") is made on July 23, 2012. The grantors are JOHN W
<br />HOWARD and AUDREY L HOWARD, HUSBAND AND WIFE, whose address is 4212 S NORTH RD,
<br />GRAND ISLAND, Nebraska. 68803 ("Borrower"). Bonower is not necessarily the same as the Person or Persons
<br />who sign the Equity - Line of Credit ("Contract"). The obligations of Bonowers 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. Boz 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). 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"). JOHN W HOWARD and AUDREY L
<br />HOWARD have entered into a Contract with Lender as of July 23, 2012, under the terms of which Bonower may,
<br />from time to time, obtain advances not to exceed, at any time, a'�'�'�MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of One Hundred Twenty-five Thousand and 00/100
<br />Dollars (U.S. $125,000.00) ("Credit Limit"). Any party interested in the details related to Lender's continuing
<br />obligation to make advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums
<br />owing under Borrower's Contract with Lender will be due on August 15, 2013. This Security Instrument secures to
<br />Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and all
<br />renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in irust, with power of sale, the following described properly located in
<br />the COiJNTY of HALL, State of Nebraska:
<br />Address: 4212 S NORTH RD, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOTS TWO (2) AND THREE (3), BLOCK SUBDIVISION, HALL COiJNTY,
<br />NEBRASKA
<br />TOGETHER WITH a11 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 Bonower 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 title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />Bonower 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 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 />� 2004-2011 Compliance Systems, Inc. 9BAD-EBE2 - 201 I L2.0.485
<br />Consumer Real Estate - Security Insavment DL2036 Pege I of 5 www.compliencesystems.com
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