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~~ ~ , . <br /> <br /> L <br />m <br />fv ~ <br />~ ~ <br />~ T~ = <br />_ <br />_ <br />~ <br />h <br />1-~ o m rn <br />~ <br />_ <br />N """'^~ v+ ~ fi <br />N <br />W= ~ -~ ~ <br />r <br /> <br /> <br />~ n <br />^ <br />.~..,. <br /> ~- <br />- ~ <br /> <br /> N <br /> ~ m <br /> _ <br />Cd ~] ~ C7 <br />T rn <br />' ~ ~ CJ3 ~ Ta N <br />Z t <br />1 <br />~ = m ~, v ~ ^ o ~ <br /> ~ <br /> <br />° <br />v <br /> ~~ ©- © a <br /> ~, rv -n ~ c <br />C~ Cn <br /> o ~ ~ m . <br /> ~ ~ ~ ~ t~ ~ <br /> F ~ <br /> ~' r x~- ^~ ~1 <br /> %~ <br /> F--+ N ~ <br /> -~~ rv <br /> ~,' ~ z <br /> <br />0 <br />LOAN NUMBER: O100b11834 <br />(Space Above This Line For Recording Data) <br />DEED QF 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 26, 2009. The grantor is DONALD <br />GULZOW and SUE E GULZOW, HUSBAND AND WIFE, whose address is 6601 N SKY PARK RD, <br />Grand Island, Nebraska 68801-9115 ("Borrower"). Borrower is not necessarily the same as the Person or Persons <br />who sign the Contract. The obligations of Borrowers who did not sign the Contract are explained further in the <br />section titled Successors and Assigns Bound; Jolnt and Several Liability; Accommodation Signers. The <br />trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska b8802 ("Trustee"). <br />The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organized and existing <br />under the laws of the United States of America and whose address is 221 South Locust Street, Grand Island, <br />Nebraska b8801 ("Lender"). DONALD GULZOW and SUE E GULZOW have entered into aEquity -Line of <br />Credit ("Contract") with Lender as of August 26, 2009, under the terms of which Borrower may, from time to <br />time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING <br />PROTECTIVE ADVANCES)*** of Fifteen Thousand and 00/100 Dollars (U.S. $15,000.00) ("Credit Limit"). <br />Any party interested in the details related to Lender's continuing obligation to make advances to Borrower is <br />advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender <br />will be due and payable on September 15, 2014. This Security Instrument secures to Lender: (a) the repayment of <br />the debt under the Contract, with interest, including future advances, and all renewals, extensions and <br />modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of <br />this Security Instrtument under the provisions of the section titled Protection of Lender's Rights fn the Property; <br />and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Contract. <br />For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and <br />conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of <br />HALL, State of Nebraska: <br />Address: 6601 N 5KY PARK RD, Grand Island, Nebraska 68801-9115 <br />Legal Description: LOT ONE (1) IN GULZOW SUBDIVISION, 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 Froperty 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. A 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 />~r 2004-2009 Compliance Systems, Ire. 3578-99C3 - 2009.04.57 <br />Consumer Real Estate -Security Instnmtent DL2036 Page 1 of 5 www.compliattcesystems.eom <br />a~s~ <br />