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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 /> 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 22, 2013. The grantor is DAVID A
<br /> SKUTNIK, a single person, whose address is 423 CAMPBELL AVE, Doniphan, Nebraska 68832
<br /> ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Home Equity Line of
<br /> Credit Agreement, dated November 22, 2013 ("Contract"). The obligations of Borrowers who did not sign the
<br /> Contract are explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br /> Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand
<br /> Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand
<br /> Island, which is organized and existing under the laws of the United States of America and whose address is 221
<br /> South Locust Street, Grand Island, Nebraska 68801 ("Lender"). DAVID A SKUTNIK has entered into a
<br /> Contract with Lender as of November 22, 2013, under the terms of which Borrower may, from time to time,
<br /> obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING
<br /> PROTECTIVE ADVANCES)*** of Seventy Thousand and 00/100 Dollars (U.S. $70,000.00) ("Credit
<br /> Limit").Any party interested in the details related to Lender's continuing obligation to make advances to Borrower
<br /> is advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract with
<br /> Lender will be due on December 15, 2018. This Security Instrument secures to Lender: (a)the repayment of the
<br /> debt under the Contract,with interest, including future advances, and all renewals,extensions and modifications of
<br /> the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of this Security
<br /> Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and(c) the
<br /> performance of Borrower's covenants and agreements under this Security Instrument and the Contract. For this
<br /> purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to
<br /> Trustee, in trust,with power of sale,the following described property located in the COUNTY of HALL, State of
<br /> Nebraska:
<br /> Address: 423 CAMPBELL AVE,Doniphan,Nebraska 68832
<br /> Legal Description: LOT FIVE (5) IN AMICK ACRES SECOND SUBDIVISION, HALL COUNTY,
<br /> 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-1194-2011L2.10.600
<br /> Consumer Real Estate-Security Instrument DL2036 Page 1 of 5 www.compliancesystems.com
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