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<br />THIS INSTRiJMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />NMLS COMPANY IDENTIFIER: 446443
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of ��
<br />Grand Island
<br />221 South Locust Street �� �
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For R�ording Data)
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FLJTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THI5 DEED OF TRUST ("Security Instrument") is made on August 8, 2012. The grantors are CARL A
<br />TESMER and DEBORAH L TESMER, HUSBAND AND WIFE, whose address is 1031 SAGEWOOD AVE,
<br />GRAND ISLAND, Nebraska 68803-4989 ("Borrower"). Borrower is not necessarily the same as the Person or
<br />Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the
<br />Contract are explained further in the section titled Successors and Assigns Bound; Joint and 5everal Liability;
<br />AccommodaHon Signers. The ttvstee 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"). CARL A TESMER and DEBORAH L
<br />TESMER have entered into a Contract with Lender as of August S, 2012, under the terms of which Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a***MAXI1VIiJM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCE5)*** of Forty Thousand and 00/100 Dollars (LT.S. $40,000.00)
<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 Bonower's Contract
<br />with Lender will be due on August 15, 2017. This Security Inshument 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 this Security Inst�ument and the Contract. 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 sale, the following described property located in the COUNTY of HALL, State of
<br />Nebraska:
<br />Address: 1031 SAGEWOOD AVE, GRAND ISLAND, Nebraska 68803-4989
<br />Legal Description: LOT TWELVE (12), LARUE SUBDIVI5ION, IN THE CITY OF GRAND
<br />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 />"Property."
<br />BORROWER COVENANTS 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 wanants and will defend generally the title to the Properiy 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 chazges or any other fees and charges due under the Contract.
<br />Applicable Law. As used in this Security Insirument, the term "Applicable L,aw" 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.
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<br />� 2004-2011 Complience Systems, Inc. 9BAD-10E5 - 201111.0.485
<br />Covsumer Real Estate - Secu[ity InsMiment DL2036 Page 1 of 5 www.compliancesys[ems.com
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