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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
<br />NMLS COMPANY IDENTIFIER: 446443
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<br />(Space Above This Line For Recording Data)
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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 May 15, 2013. The grantors are KHAMPHOUN
<br />KEOPANYA, whose address is 826 EAST BISMARK ROAD, GRAND ISLAND, Nebraska 68801 , and
<br />KHAMVANH KEOPANYA, husband and wife, whose address is 826 EAST BISMARK ROAD, 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 May 15, 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 "). KHAMPHOUN
<br />KEOPANYA has entered into a Contract with Lender as of May 15, 2013, under the terms of which Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a ** *MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES) * ** of Three Thousand One Hundred and 00/100 Dollars
<br />(U.S. $3,100.00) ( "Credit Limit "). Any party interested in the details related to Lender's continuing obligation to
<br />make advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due on June 15, 2018. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions and
<br />modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of
<br />this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property;
<br />and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Contract.
<br />For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 826 EAST BISMARK ROAD, GRAND ISLAND, Nebraska 68801
<br />Legal Description: THE WEST FORTY FEET (40 ") OF LOT EIGHT (8) AND THE EAST
<br />TWENTY FEET (20 ") OF LOT SEVEN (7), IN GRACE LUTHERAN CHURCH SUBDIVISION TO
<br />THE CITY OF 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 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 />® 2004 -2012 Compliance Systems, Inc. EECO -OAFC - 2011L2.6.544
<br />Consumer Real Estate - Security Instrument DL2036 Page 1 of 5 www.compliancesystems.com
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