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<br />LOAN NUMBER: 0100611796
<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 THOMAS A
<br />STRAND and BRENDA L STRAND, HUSBAND AND WIFE, whose address is 1607 GRETCHEN AVE,
<br />Grand Island, Nebraska 68803-6348 ("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; Joint and Several Liability; Accommodation Signers. The
<br />trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("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 68801 ("Lander"). THOMAS A STRAND and BRENDA L STRAND have entered into aEquity -
<br />Line of Credit ("Contract") with Lender as of August 24, 2009, under the terms of which Borrower may, from
<br />time to time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of Nineteen Thousand One Hundred and 00/100 Dollars
<br />(U.S. $19,100.00) ("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to
<br />make advances to Borrower is advised to consult directly with Tender. if not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due and payable on September 15, 2014. This Security Instrument
<br />secures to Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and
<br />all renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with interest,
<br />advanced to protect the security of this Security Instrument under the provisions of the section titled Protection of
<br />Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this
<br />Security Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the trust herein
<br />created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in the COUNTY of HALL, State of Nebraska:
<br />Address: 1607 GRETCHEN AVE, Grand Island, Nebraska 68803-6348
<br />Tegal Description: LOT FIVE (5), BLOCK TWO (2), may' DEE SUBDIVISION, BEING A PART
<br />OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER (SW1/45W1/4) OF
<br />SECTION TWENTY-ONE (21), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF
<br />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 4f 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 teen "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 bender 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 Tender; (b)
<br />contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
<br />tTr 2004-2009 Cvmplimce Systems, [ne. 3578-5867 - 2009.04.57
<br />Consumer Real Estate -Security Instrument PI,2036 Page I of 5 unvw.comptiancesyrtems.com
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