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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 />(Space Above This Line For Recording Data)
<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 April 23, 2013. The grantors are MONTE R
<br />BEASON and LISA ANN BEASON, husband and wife, whose address is 59 KUESTER LAKE, GRAND
<br />ISLAND, Nebraska 68801 ( "Borrower "). Borrower is not necessarily the same as the Person or Persons who sign
<br />the Home Equity Line of Credit Agreement, dated April 23, 2013 ( "Contract "). The obligations of Borrowers
<br />who did not sign the Contract are explained further in the section titled Successors and Assigns Bound; Joint
<br />and Several Liability; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is
<br />P.O. Box 790, Grand Island, Nebraska 68802 ( "Trustee "). The beneficiary is Home Federal Savings & Loan
<br />Association of Grand Island, which is organized and existing under the laws of the United States of America and
<br />whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ( "Lender "). MONTE R BEASON
<br />and LISA ANN BEASON have entered into a Contract with Lender as of April 23, 2013, under the terms of
<br />which Borrower may, from time to time, obtain advances not to exceed, at any time, a ** *MAXIMUM
<br />PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES) * ** of Twelve Thousand and
<br />00 /100 Dollars (U.S. $12,000.00) ( "Credit Limit "). Any party interested in the details related to Lender's
<br />continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not paid earlier,
<br />the sums owing under Borrower's Contract with Lender will be due on May 15, 2018. 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 performance of Borrower'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 COUNTY of HALL, State of Nebraska:
<br />Address: 59 KUESTER LAKE, GRAND ISLAND, Nebraska 68801
<br />Legal Description: LOT FOUR (4) HAVING A LAKE FRONT FOOTAGE OF 100 FEET,
<br />SITUATED ON THE EAST SIDE OF THE WEST PORTION OF KUESTER LAKE AND BEING A
<br />PART OF THE EAST HALF OF THE SOUTHWEST QUARTER (e1/2 SW1 /4) IN SECTION
<br />THIRTEEN (13) TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M.,
<br />HALL COUNTY, NEBRASKA BOUNDED ON THE EASTERLY SIDE BY THE COMMON ROAD
<br />AND COMMONLY KNOWN AS #59 KUESTER LAKE, GRAND ISLAND, 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 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 />o 2004 -2012 Compliance Systems, Inc. EECO -588C - 20I1L2.6.544
<br />Consumer Real Estate - Security Instrument DL2036 Page I of 5 www.compliancesystems.com
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