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<br />THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO: �Q
<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 �
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADV.ANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on September 7, 2012. The grantors are LARRY D
<br />SCHMIDT and 5ANDRA L SCHMIDT, husband and wife, whose address is 1204 GUNBARREL RD,
<br />GRAND I5LAND, Nebraska 68801 ("Borrower"). Bonower is not necessarily the same as the Person or Persons
<br />who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract
<br />are explained fusther 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. Box 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 5tates of America and whose address is 22l
<br />South Locust 5treet, Grand Island, Nebraska 68801 ("Lender"). LARRY D SCHMIDT and SANDRA L
<br />SCHMIDT have entered into a Contract with Lender as of September 7, 2012, under the terms of which
<br />Borrower may, from time to time, obtain advances not to exceed, at any time, a�**MAXIMUM PRINCIPAL
<br />AMOiJNT (EXCLUDING PROTECTIVE ADVANCES)�*� of Twenty Thousand and 007100 Dollars (U.S.
<br />$20,000.00) ("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make
<br />advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due on September 15, 2017. This Security Instrument secures to Lender:
<br />(a) the repayment of the debt under the Contract, with interest, including fuhue advances, and all renewals,
<br />extensions and modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect
<br />the security of this Security Insttvment under the provisions of the section titled Protection of Lender's Rights in
<br />the Property; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and
<br />the Contract. For this purpose, Bonower, in consideration of the debt and the trust herein created, inevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />COUNTY of HALL; State of Nebraska:
<br />Address: 1204 GUNBARREL RD, GRAND ISLAND, Nebraska 68801
<br />Legal Description: LOT ONE (1), PARADISE LAKE ESTATES FOURTH SUBDIVISION, HALL
<br />COUNTY,NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected on the properly, 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 iri this Security Instrument as the
<br />"Properly."
<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 warrants 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. Bonower sha�l promptly pay when due the principal o£and
<br />interest on the debt owed under the Contract and late charges or any other fees and chazges due under the Contract.
<br />Applicable Law. As used in this Security Inshument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state a.nd 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 Complieace Systems, iac. 9BAD-8009 - 201 IL2.0.485
<br />Consumer Real Estate - Security Instromear DL2036 Page I of 5 wtvw.compliancesystems.com
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