|
N ~~ ~
<br />~~ ~
<br />~~
<br />C11 ~^
<br />~ ~
<br />~ ~^
<br />o~
<br />
<br /> m
<br /> T ~ ["> Cr.
<br />
<br />
<br />_ ~ ~~„ ~ ~ ~ -+~ c~ v
<br />
<br /> _ ~ ° ~' ° ~
<br />~
<br />
<br />
<br /> r,, r~n
<br />~ r ~
<br /> "~ c3 r- xy ~ ~
<br /> ~ ~ Cf'1 ~
<br />
<br /> ~
<br /> C
<br />a cs~ pp ~
<br /> W~
<br />LOAN NUMBER; 010060$620
<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 June 1, 2009. The grantor is DANIEL J NITZEL,
<br />A SINGLE PERSON, whose address is 2231 W 10TH ST, Grand Island, Nebraska 68803-3613 ("Borrower").
<br />Borrower is not necessarily the same as the Person or Persons who sign the Contract. The obligations of Borrowers
<br />who did not sign the Contract are explained further in the section titled Successors and Assigns Bound; Joint
<br />and Several Liability; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is
<br />P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan
<br />Association of Grand Island, which is organized and existing under the laws of the United States of America and
<br />whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"). DANIEL J NITZEL has
<br />entered into aEquity -Line of Credit ("Contract") with Lender as of June 1, 2009, under the terms of which
<br />Borrower may, from time to time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL
<br />AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Twenty Thousand and 00/100 Dollars (U.S.
<br />$20,000.00) ("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make
<br />advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due and payable on May 15, 2014. This Security Instrument secures to
<br />Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and all
<br />renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COUNTY of HALL, state of Nebraska:
<br />Address: 2231 W 10TH ST, Grand Islaud, Nebraska 68803-3613
<br />Legal Description: SEE ATTACHMENT
<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 />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 promptly 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 />
<br />R9 2004-2008 Copyright Compliance Systems, Inc. 74ED-7300 - 2008.1 D.2R9 www.cvmpliancesystems.cnm
<br />Consumer Real Esta[e • Security Instrument DL2036 Page I oF5 800-968-8522 -Fax 616.956-1868
<br />
|