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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 /> LOAN ORIGINATOR COMPANY NAME: Home Federal Savings&Loan Association of Grand Island
<br /> NMLS COMPANY IDENTIFIER: 446443
<br /> LOAN ORIGINATOR NAME: Chris Kaskie
<br /> NMLS ORIGINATOR IDENTIFIER: 494668
<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 April 16, 2015. The grantors are TIMOTHY A
<br /> VAUGHN and JEAN M VAUGHN, HUSBAND AND WIFE, whose address is 2119 VIKING RD, GRAND
<br /> ISLAND,Nebraska 68803-2248("Borrower").Borrower is not necessarily the same as the Person or Persons who
<br /> sign the Home Equity Line of Credit Agreement, dated April 16, 2015 ("Contract"). The obligations of
<br /> Borrowers who did not sign the Contract are explained further in the section titled Successors and Assigns
<br /> Bound;Joint and Several Liability;Accommodation Signers.The trustee is Arend R.Baack,Attorney whose
<br /> address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal
<br /> Savings & Loan Association of Grand Island, which is organized and existing under the laws of the United
<br /> States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender").
<br /> TIMOTHY A VAUGHN and JEAN M VAUGHN have entered into a Contract with Lender as of April 16,
<br /> 2015, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br /> ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Twenty-
<br /> four Thousand and 00/100 Dollars(U.S. $24,000.00)("Credit Limit"). Any party interested in the details related
<br /> to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br /> paid earlier, the sums owing under Borrower's Contract with Lender will be due on May 15, 2020. This Security
<br /> Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest, including future
<br /> advances, and all renewals, extensions and modifications of the Contract; (b)the payment of all other sums, with
<br /> 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 Instrutnent 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:2119 VIKING RD,GRAND ISLAND,Nebraska 68803-2248
<br /> Legal Description: LOT FORTY THREE (43), LE I-IEIGHTS FOURTH SUBDIVISION, IN THE
<br /> 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 Properly against all claims and demands, subject to
<br /> any encumbrances of record.
<br /> Borrower and Lender covenant and agree as follows:
<br /> �2004-2014 Compliance Systems,Inc.FD60-F805-2013L2.10.1.895
<br /> Consumer Real Estate-Security Instrument DL2036 Page 1 of 5 �wwv.compliancesystems.com
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