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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
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<br />AFTER RECORDING RETURN TO: �
<br />Home Federal Savings & Loan Associstion of �
<br />Grand Island � ,
<br />221 South Locust Street �
<br />GRAND ISLAND, NE 68801
<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�
<br />THIS DEED OF TRUST ("Security Instrument") is made on September 4, 2012. The grantors are TEAGiJE G
<br />SUTHERLAND and RENEE D SUTHERLAND, HUSBAND AND WIFE, whose address is 3012 IDAHO
<br />AVE, GRAND ISLAND, Nebraska 68803-1124 ("Bonower"). Borrower is not necessarily the same as the Person
<br />or Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Bonowers who did not sign the
<br />Contract are explained furkher in the section titled Successors and Assigns Bound; Joint and Several Lisbility;
<br />AccommodaHon Signers. The trustee is Arend R Baack, Attorney whose address is P.O. Box 790, Grand
<br />Island, Nebraska 6880Z ("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"). TEAGUE G SUTHERLAND and RENEE D
<br />SUTHERLAND have entered into a Contract with Lender as of September 4, 2012, under the terms of which
<br />Borrower may, from time to time, obtain advances not to exceed, at any time, a***MAI�I�ZUM PRINCIPAL
<br />AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*�* of Eight Thousand One Hundred and 00/100
<br />Dollars (LJ.S. $8,100.00) ("Credit Limit"). Any party interested in the details related to I.ender'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 Bonower's Contract with Lender will be due on September 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 perforniance of Bonower'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, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in the COiJNTY of HALL, State of Nebraska:
<br />Address: 3012 IDAHO AVE, GRAI�TI) ISLAND, Nebraska 68803-1124
<br />Legal Description: LOT SEVEN ('n, ROSS�THEASMEYER SUBDIVI5ION, IN THE CITY OF
<br />GRAND 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 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 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 />O 2004-201 I Compliance Systems, Inc. 9BAD-F6BE - 2011 L2.0.485
<br />Consumer Real Estate - Security Inswment DL2036 Page I of 5 www.complimcesystema.com
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