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<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 /> NMLS COMPANY IDENTIFIER: 446443
<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 November 13, 2013. The grantors are
<br /> CHRISTOPHER L MAY and FRANCES ELLEN MAY, HUSBAND AND WIFE, whose address is 4039
<br /> CANNON RD,GRAND ISLAND,Nebraska 68803-1514("Borrower"). Borrower is not necessarily the same as
<br /> the Person or Persons who sign the Home Equity Line of Credit Agreement, dated November 13, 2013
<br /> ("Contract").The obligations of Borrowers who did not sign the Contract are explained further in the section titled
<br /> Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend
<br /> R.Baack,Attorney whose address is P.O.Box 790, Grand Island,Nebraska 68802("Trustee"). The beneficiary
<br /> is Home Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws
<br /> of the United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br /> ("Lender"). CHRISTOPHER L MAY and FRANCES ELLEN MAY have entered into a Contract with Lender
<br /> as of November 13, 2013, under the terms of which Borrower may, from time to time, obtain advances not to
<br /> exceed, at any time, a ** M PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE
<br /> ADVANCES)*** of Fifty Thousand and 001100} Dollars (U.S. $50,000.00) ("Credit Limit"). Any party
<br /> interested in the details related to Lender's continuing obligation to make advances to Borrower is advised to
<br /> consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender will be
<br /> due on November 15,2018. This Security Instrument secures to Lender: (a)the repayment of the debt under the
<br /> Contract, with interest, including future advances, and all renewals, extensions and modifications of the Contract;
<br /> (b)the payment of all other sums, with interest, advanced to protect the security of this Security Instrument under
<br /> the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance of
<br /> Borrower's covenants and agreements under this Security Instrument and the Contract.For this purpose,Borrower,
<br /> in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br /> power of sale,the following described property located in the COUNTY of HALL, State of Nebraska:
<br /> Address:4039 CANNON RD,GRAND ISLAND,Nebraska 68803-1514
<br /> Legal Description: LOT ONE (1), SUSSEX PLACE THIRD SUBDIVISION IN THE CITY OF
<br /> 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 final,non-appealable judicial opinions.
<br /> ©2004-2012 Compliance Systems,Inc:.CECA-7E49-20111,2.10.600
<br /> Consumer Real Estate-Secmity Instzument DL2036 Page 1 of 5 www.comphancesystems.com
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