|
0 CO
<br /> m"' o OcD
<br /> rn
<br /> nn w Zm IV m
<br /> wo -nom CA �O OD
<br /> `25 0 z W Ci)
<br /> moo D rcco 0 c
<br /> Oa
<br /> o
<br /> w z
<br /> 0
<br /> THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO:
<br /> Home Federal Savings&Loan Association of Home Federal Savings&Loan Association of
<br /> Grand Island Grand Island
<br /> 221 South Locust Street 221 South Locust Street
<br /> GRAND ISLAND,NE 68801 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 September 16, 2013. The grantors are WILLIAM
<br /> E COOPER and KAREN R COOPER, HUSBAND AND WIFE, whose address is 4222 LARIAT CT,
<br /> GRAND ISLAND, Nebraska 68803-2232 ("Borrower"). Borrower is not necessarily the same as the Person or
<br /> Persons who sign the Home Equity Line of Credit Agreement, dated September 16, 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"). WILLIAM E COOPER and KAREN R COOPER have entered into a Contract with Lender as of
<br /> September 16,2013, under the terms of which Borrower may, from time to time, obtain advances not to exceed,
<br /> at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of
<br /> Fifty Thousand and 00/100 Dollars (U.S. $50,000.00) ("Credit Limit"). Any party interested in the details
<br /> related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender.
<br /> If not paid earlier,the sums owing under Borrower's Contract with Lender will be due on October 15,2018. This
<br /> Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest, including
<br /> future advances, and all renewals, extensions and modifications of the Contract;(b)the payment of all other sums,
<br /> with interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br /> Protection of Lender's Rights in the Property;and(c)the performance of Borrower's covenants and agreements
<br /> under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the
<br /> trust herein created,irrevocably grants and conveys to Trustee,in trust,with power of sale,the following described
<br /> property located in the COUNTY of HALL, State of Nebraska:
<br /> Address:4222 LARIAT CT,GRAND ISLAND,Nebraska 68803-2232
<br /> Legal Description: WESTERN HEIGHTS SECOND SUBDIVISION LOT TEN (10) IN THE CITY
<br /> 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 /> 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 fmal,non-appealable judicial opinions.
<br /> 0 2004-2012 Compliance Systems,Inc.CECA-52AC-2011L2.10 600
<br /> Consumer Real Estate-Security Instrument DL2036 Page I of 5 www compliancesystems.com
<br />
|