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<br />LOAN NUMBER: 0100609953
<br />DEED OF TRUST
<br />(PREAUTHURIZED (OPEN END) CREDIT -FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security lnstn>ment") is made on July 1, 2009. The grantor is LEON D ROBY,
<br />HUSBAND AND WIFE, and JUDY A ROBY, HUSBAND ANA WIFE, whose address is Sl7 SATURN ST,
<br />Aldo, Nebraska 68810 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the
<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 F.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"). LEON D ROBY and JUDY A ROSY have entered into aEquity -Line of Credit ("Contract") with
<br />Lender as of July 1, 2009, under the terms of which Borrower may, from time to time, obtain advances not to
<br />exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE
<br />ADVANCES)*** of Three 'T'housand and 00/100 Dollars (U.S. $3,000.00) ("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 and payable on July 15, 2014. "Phis Security Instrument secures to Lender: (a) the repayment of the debt under
<br />the Contract, with interest, including future advances, and all renewals, extensions and modifications of the
<br />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. Far 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: 517 SATURN ST, Alda, Nebraska 68810
<br />Legal Description.: LOT ONE (1) PRAIRIELAND SUBDIVISION, AN ADDITION TO 'T'HE
<br />VILLAGE OF ALDA, HALL COUNTY, NEBRASKA.
<br />'T'OGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures ttow 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 CC'fVENANTS 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 />Harrower 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. Tf Lender determines that any
<br />(i~ 2004-2008 Copp'ighr Compliance Syste,ns, Inc. 74ED-C9E8 - 2008.10.289 www.compliancesyatetns.crnn
<br />Consumer Rcal Estate -Security Instrument UL2o36 Page 1 of S 800-968.8522 -Fax 616-956-1868
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