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<br />THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />306 S. High �t.
<br />Cairo, NE 68824
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />306 S. High St.
<br />Cairo, NE 68824
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
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<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on October 19, �011. The grantors are Charles L
<br />Brandt and Lisa M Brandt, whose address is PO Boz 41, Cairo, Nebraska 63824 ("Borrower"). Borrower is not
<br />necessarily the sazne as the Person or Persons who sign the Equity - Line of Credit ("Contract"). The obligations
<br />of Borrowers who did not sign the Contract are explained fiu�ther in the section titled Successors and Assigns
<br />Bound; Joint and 5everal Liability; Accommodation Signers. T'he trustee is Pathway Bank whose address is
<br />PO Box 428, Cairo, Nebraska 68824 ("Trustee"). The beneficiary is Pathwac� Bank, which is organized and
<br />existing under the laws of the State of Nebraska and whose address is 306 S Hig6 `�t, P O Box 428, Cairo,
<br />Nebraska 68824 ("Lender"). Charles L Brandt and Lisa M Brandt have entere _� into a Contract with Lender as
<br />of October 19, 2011, under the terms of which Borrower may, from time to time, c���tain advances not to exceed, at
<br />any time, a***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTEC'�:IVE ADVANCES)*** of
<br />Fifteen Thousand and 00/100 Dollars (LJ.S. $15,000.00) ("Credit L'unit"). Ar.;� party interested in the details
<br />related to Lender's continuing obligation to make advances to Borrower is advised'�� consult directly with Lender.
<br />This Sec�rity iustrumen� s�cwes ta j.en�er: (a) the �epaytnent of the ctebt uncier the �ontract, witl� interest,
<br />including future advances, and all renewals, extensions and modifications of the C��ntract; (b) the payment of all
<br />other sums, with interest, advanced to protect the security of this Security Instrun �:nt under the provisions of the
<br />section titled Protection of Lender's Rights in the Property; and (c) the perfonnance of Borrower's covenants
<br />and agreements under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of
<br />the debt and the trust herein created, irrevocably grants and conveys to Trustee, i� trust, with power of sale, the
<br />following described property located in the County of Hall, State of Nebraska:
<br />Address: 610 Thebe, Cairo, Nebraska 68824
<br />Legal Descriprion: Lots Five (� and Siz (� Block Two (2), Mayfield �'illage Fifth Addition to the
<br />City of Cairo, �iall County,l�Iebraska � ,
<br />TOGETHER WITH all the improvements now or hereafter erected on the '' �roperty, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacemeots and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Securit,� Instrument as the
<br />��property ��
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby c��nveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except +or encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all cl_�ims and demands, subject to
<br />any encumbrances of record.
<br />Bonower and Lender covenant and agree as follows:
<br />Payment of Principal and Interes2; Other Charges. Borrower shall promptly pay ��hen due the principal of and
<br />interest on the debt owed under the Contract and late charges or any other fees and ct�:�rges 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 />Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and imriositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payme ts or ground rents, if any.
<br />At the request of Lender, Borrower shall promptly furnish to Lender receipts evidencu�,; the payments.
<br />� Z004-2011 Compliance Systams, Inc. ADCD-E9E3 - 2010L1.15.461 '
<br />Consumer Real Estate - Secur' Instrument DL2036 P�a 1 of 5 www.com I' ems.com
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