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NMLS COMPANY IDENTIFIER: 446443
<br />THIS INSTRUMENT 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
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />DEED OF TRUST
<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 January 31, 2013. The grantors are DOUGLAS D
<br />CALDWELL and CONNIE S CALDWELL, HUSBAND AND WIFE, whose address is 411 PHEASANT DR,
<br />GRAND ISLAND, Nebraska 68801 - 8547 ( "Borrower "). Borrower is not necessarily the same as the Person or
<br />Persons who sign the Home Equity Line of Credit Agreement, dated January 31, 2013 ( "Contract "). The
<br />obligations of Borrowers who did not sign the Contract are explained further in the section titled Successors and
<br />Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baack,
<br />Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ( "Trustee "). The beneficiary is Home
<br />Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws of the
<br />United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />( "Lender "). DOUGLAS D CALDWELL and CONNIE S CALDWELL have entered into a Contract with
<br />Lender as of January 31, 2013, under the terms of which Borrower may, from time to time, obtain advances not
<br />to exceed, at any time, a ** *MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE
<br />ADVANCES) * ** of Forty -nine Thousand Five Hundred and 00 /100 Dollars (U.S. $49,500.00) ( "Credit
<br />Limit "). Any party interested in the details related to Lender's continuing obligation to make advances to Borrower
<br />is advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract with
<br />Lender will be due on February 15, 2018. This Security Instrument 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 Instrument and the Contract. For this
<br />purpose, Borrower, 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: 411 PHEASANT DR, GRAND ISLAND, Nebraska 68801 -8547
<br />Legal Description: SEE LEGAL DESCRIPTION EXHIBIT "A" HERETO ATTACHED
<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 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 />© 2004.2012 Compliance Systems, inc. EECO -801E - 2011L2.6.544
<br />Consumer Real Estate - Security Instrument DL2036 Page 1 of 5 www.compliancesystems.com
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