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<br /> LOAN NUMBER: 0100611044
<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 August 13, 2009. The grantor is WARREN T
<br /> NORMAN, HUSBAND AND WIFE, and DEBORAH J NORMAN, HUSBAND AND WIFE, whose address is
<br /> 2423 PIONEER BLVD, Grand Island, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as
<br /> the Person or Persons who sign the Contract. The obligations of Borrowers who did not sign the Contract are
<br /> 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"). WARREN T NORMAN and DEBORAH J
<br /> NORMAN have entered into a Equity - Line of Credit ("Contract") with Lender as of August 13, 2009, under the
<br /> terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a ***MAXIMUM
<br /> PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Twenty-eight Thousand and
<br /> 00/100 Dollars (U.S. $28,000.00) ("Credit Limit"). Any party interested in the details related to Lender's
<br /> continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not paid earlier,
<br /> the sums owing under Borrower's Contract with Lender will be due and payable on August 15, 2014. 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 Instrument 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: 2423 PIONEER BLVD, Grand Island, Nebraska 68801
<br /> Legal Description: LOT THREE (3), BLOCK "E", IN PARK-VIEW SUBDIVISION, LOCATED IN
<br /> THE NORTHEAST QUARTER (NE 1/4) OF SECTION TWENTY-NINE (29) AND IN THE
<br /> NORTHVJF-ST QUARTER (NW 1/4) OF SECTION TWENTY EIGHT (28), ALL IN TOWNSHIP
<br /> ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M. 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 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 /> ® 2004-2009 Compliance Systems, Inc. 3578-313E - 2009.04.57
<br /> Consumer Real Estate - Security Instrument DL2036 Page I of $ www,complianccsystcros.com
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