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<br />(space Above This Line For Recordiltg Data)
<br />LOAN NUMBER: 0100612369
<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 9, 2009. The grantor is PHILIP S BURT,
<br />HUSBAND AND WIFE, and VICKI J BURT, whose address is 419 ORLEANS, GRAND ISLAND, Nebraska
<br />68803 ("Borrower"). Borrower is not necessarily the same 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 Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baack,
<br />Attorney whose address is P.O. Sox 790, Grand Island, Nebraska b8802 ("':Trustee"). 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 68801
<br />("Lender"). PHILIP S BURT and VICKI J BURT have entered into aEquity -Line of Credit ("Contrast") with
<br />Lender as of October 9, 2009, under the terms of which Borrower may, from time to time, obtain advances not to
<br />exceed, at any time, a ***MAXIMUM PRINCIPAIa AMOUNT' (EXChUD1NG PROTECTIVE
<br />ADVANCES)*** of Ten Thousand and 00/100 Dollars (U.S. $10,000.00) ("Credit Limit"). Any party interested
<br />in the details related to Lender's continuing obligation to make advances to Borrower is advised to consult directly
<br />with Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on
<br />October 15, 2014. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract,
<br />with interest, including fuhu-e advances, and all renewals, extensions and modifications of the Contract; (b) the
<br />payment of all other sums, with interest, advanced to protect the security of this Security Instrument under the
<br />provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and. the Contract. For this purpose, Borrower,
<br />in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the COUNTY of IIALL, State of Nebraska:
<br />Address: 419 ORLEANS, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT SIXTEEN (16) KALLOS SECOND SUBDIVISION, CITY OF GRAN.U
<br />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. Borrrower 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 I,aw" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (tl3at 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 lnstniment, 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 goad 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 />~ 200A-2009 Compliance Systems, Inc. I ED2-D960 - 2009.07.355
<br />Consumer Rcal Estate - Security Instrument DL2036 Page I of 5 www,compliancesystems.com
<br />~S5°
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