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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 Association of ��
<br />Grand Island 5
<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 THI5 DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on September 24, 2012. The grantors are KEITH E
<br />LOTHROP and JII.L M LOTHROP, HU5BAND AND WITE, whose address is 4227 NORDIC RD,
<br />GRAND ISLAND, Nebraska 68803-1428 ("Bonower"). Bonower is not necessarily the same as the Person or
<br />Persons who sign the Equity - Line of Credit ("Coniract"). The obligations of Bonowers who did not sign the
<br />Contract are explained fiuther in the section ritled 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"). KEITH E LOTHROP and JII.L M
<br />LOTHROP have entered into a Contract with Lender as of September 24, 2012, under the terms of which
<br />Borrower may, from time to time, obtain advances not to exceed, at any time, a***MA�XIlVIiJM PRINCIPAL
<br />AMOiJNT (EXCLUDING PROTECTIVE ADVANCES)*��' of Thirty Thousand and 00/100 Dollars (U.S.
<br />$30,000.00) ("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to ma.ke
<br />advances to Borrower is advised to consult directly with Lender. If not paid eazlier, the sums owing under
<br />Bonower's Contract with Lender will be due on October 15, 2017�. This Security Instrument secures to Lender: (a)
<br />the repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions
<br />and modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security
<br />of this Security Instrwnent under the provisions of the section titled Protection of Lender's Rights in the
<br />Property; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Contract For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants
<br />and conveys to Trustee, in trust, 'with power of sale, the following described properly located in the COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 4227 NORDIC RD, GRAND I5LAND, Nebraska 68803-1428
<br />Legal Description: LOT TWENTY (20), LE HEIGHTS THIIiD SUBDIVISION, 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 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 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. Borrower shall prompdy pay when due the principal of and
<br />interest on the debt owed under the Contract aad late charges or any other fees and chazges 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 Compliauce Systems, Inc. 9BAD-9E(� - 2011 L2.0.485
<br />Coavumer Rwl Estate - S�iaity InsUument DL2036 Pege 1 of 5 a'�'•�P��Yg��•�
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