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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 <br />m <br />(Space Above This Line For Recording Data) <br />t <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 <br />