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<br />(Space Above This Line For Recording Data)
<br />LOAN NUMBF,R: 0100610382
<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 October 8, 2009. The grantor is BEVERLY J
<br />CHAMBERS, A SINGLE PERSON, whose address is 1025 SHERIDAN AVE, GRAND ISLAND, Nebraska
<br />68803 ("Borrower"). Borrower is not necessarily the sarrze as the Person or Persons who sign the Contract. The
<br />obligations of Borrowers who did not sign the Contract are explained further in the section titled Successors and
<br />Assigns Boand; Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baack,
<br />Attorney whose address is I'.O. Sox 790, Grand Island, Nebraska 68$02 ("7"rustee"). The beneficiary is Home
<br />Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws of the
<br />United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68$Ol
<br />("Lender"). BEVERLY J CHAMBERS has entered into aEquity -Line of Credit ("Contract") with Lender as
<br />of October $, 2009, under the terms of which Borrower may, from time to tune, obtain advances not to exceed, at
<br />any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTEC'T'IVE ADVANCES)*** of
<br />Five Thousand and 00/l00 Dollars (U.S. $5,000.00) ("Credit limit"). Any party interested in the details related
<br />to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br />paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on October 15, 2014.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest,
<br />including future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all
<br />other sums, with interest, advanced to protect the security of this Security Instrument under the provisions of the
<br />section titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants
<br />and agreements under this Security lnstrument and the Contract. For this purpose, Borrower, in consideration o.f
<br />the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />following described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 1.025 SHERIDAN AVE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: TIIE SOUTHERLY THIRTEEN AND FOUR TENTHS FEET (s13.4') OF LOT
<br />NINE (9) AND THE NORTHERLY FIFTY-TWO AND EIGIIT TENTHS FEET (N _52.$') OF LOT
<br />TEN (10), IN BLOCK ELEVEN (11), TN WEST PARK ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easenrzents,
<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 />Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br />~ 2004.20D9 Compliance Systems. Inc, 1 t3D2.9EF9 - 2009.07355
<br />Consumer Rcnl Eslffie -Security Instrument DL2036 Pagc I of.5 www.campliancesystcros.cum
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