|
~o~,
<br /> ~ ~m
<br />N ~
<br />
<br />~~ }-{
<br />~ o t3
<br />9
<br /> ~ ~
<br />r
<br /> ,.
<br />~ ~
<br />
<br /> ~ .
<br />.~_
<br />~~
<br />~=
<br /> q
<br />N
<br /> m
<br />,., ~
<br />~ rn n
<br />. ''
<br />., ~
<br /> ~ "' ~
<br />
<br />Z n =
<br />~~'
<br />~ ~
<br />~'
<br />r~`' m
<br />n V. ~ ~ ~ ~
<br />~ rn ~ a
<br />
<br />-°'7 ~ ~ W D~ Q Z
<br />7C = Q
<br />.~, w T ~ ~ ~
<br /> ~
<br />cx
<br />- ~ c~i
<br />~ ~
<br />~ ^I
<br />~
<br /> r, r--~ ~ ~
<br />
<br /> r~
<br /> ~
<br /> ~ ~
<br />
<br /> o
<br />
<br />,~~- ~°
<br />LOAN NUMBER: 0100612113
<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 August 24, 2009. The grantor is STEVEN A
<br />WHITED, HUSBAND AND WIFE, and TINA L WHITED, HUSBAND AND WIFE, whose address is 4034
<br />INDIANHEAD DR, Grand Island, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the
<br />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"). STEVEN A WHITED and TINA L WHITED
<br />have entered into aEquity -Line of Credit ("Contract") with Lender as of August 24, 2009, under the terms of
<br />which Borrower may, from time to time, obtain advances not to exceed, at any time, a ***MAXIMUM
<br />PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Six Thousand and 00/100
<br />Dollars (U.S. $6,000.DO) ("Credit Lirnit"). Any party interested in the details related to Lender's continuing
<br />obligation to make advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums
<br />owing under Borrower's Contract with Lender will be due and payable on September 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: 4034 INDIANHEAD DR, Grand Island, Nebraska 68803
<br />Legal Description: LOT EIGHTEEN (18), INDIANHEAD SEVENTH SUBDIVISION, IN THE CITY
<br />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 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 fmal, 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 />® 20D4-2009 Compliance Systems, Inc. 3578-EF64 - 2009.04.57
<br />Consumer Real Estate -Security Insteumrnt DL2D36 Page 1 of 5 www.eomplianeesystems.eom
<br />
|