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<br /> DEED OF TRUST
<br /> (PREAUTHORIZED (OPEN END) CREDIT -FUTURE ADVANCES ARE SECURED
<br /> BY THIS DEED OF TRUST)
<br /> THIS DEED-0F TRUST ("Security Instrument") is made on February 12, 2014. The grantor is BRYAN P
<br /> POWELL and SUE ELLEN POWELL, husband and wife, whose address is 2015 N LAFAYETTE,
<br /> GRAND ISLAND, Nebraska 68803-2047 ("Borrower"). Borrower is not necessarily the same as the Person or
<br /> Persons who sign the Contract. The obligations of Borrowers who did not sign the Contract are explained further
<br /> in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The
<br /> trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802
<br /> ("Trustee"). The beneficiary is Home Federal Savings&Loan Associatiomof Grand Island,which is organized
<br /> and existing under the laws of the United States of America and whose address is 221 South Locust Street,
<br /> Grand Island, Nebraska 68801 ("Lender"). BRYAN P POWELL and SUE ELLEN POWELL have entered
<br /> into a Home Equity Line of Credit Agreement, dated February 12, 2014 ("Contract") with Lender as of
<br /> February 12,2014,under the terms of which Borrower may, from time to time, obtain advances not to exceed, at
<br /> any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)xx* of
<br /> Twenty-five Thousand and 00/100 Dollars (U.S. $25,000.00) ("Credit ''Limit"). Any party interested in the
<br /> details related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with
<br /> Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on
<br /> February 15,2019. This Security Instrument secures to Lender: (a)the repayment of the debt under the Contract,
<br /> with interest, including future advances, and all renewals, extensions and modifications of the Contract; (b) the
<br /> payment of all other sums, with interest, advanced to protect the security of this Security Instrument under the
<br /> 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:2015 N LAFAYETTE,GRAND ISLAND,Nebraska 68803-2047
<br /> Legal Description: LOT EIGHT (8) BLOCK EIGHT (8) IN SCARFF'S ADDITION TO WEST
<br /> LAWN,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 recard.
<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 Principai 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 /> Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br /> Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br /> At the request of Lender,Borrower shall proinptly furnish to Lender receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)
<br /> contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
<br /> Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br /> agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br /> part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give
<br /> �2004-2008 Copyright Compliance Systems,Inc.74ED-4AOF-2008.10239 www.compliaocesystems.com
<br /> Consumer Real Estate-Security Inswment DL2036 Pa�e 1 of 5 800-968-8522-Fax 616-956-1868
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