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<br /> (Space Above This Line For Recording Data) ~~, „SQ
<br /> LOAN NUMBER: 0100610439
<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 28, 2009. The grantor is JASON J
<br />LANGFORD, husband and wife, and DAWN M LANGFORD, whose address is 4145 SANDALWOOD DR,
<br />GRAND ISLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person ar 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; Acconunodation 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 Horae 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 ("Lender"). JASON J LANGFORD and DAWN M LANGFORD have entered into a Equity
<br />Line of Credit ("Contract") with Lender as of October 28, 2009, under the terms of which Borrower may, from
<br />time to time, obtaux advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of One Hundred Fifty Thousand and 00/100 Dollars (U.S.
<br />$150,000.00) ("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make
<br />advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sutras owing under
<br />Horrower's Contract with Lender will be due and payable on May 15, 2015. This Security Instrument secures to
<br />Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and all
<br />renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br />Rights iu the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Contract. For this purpose, Harrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COUNTY of HALL, State of Nebraska:
<br />Address: 604 SWEETWOOD DR, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT NINE (9) WESTWOOD PARK FOURTH 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 Horrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and ccnvyy the Property and t'xat the Property is unencumbered, except for encu>brances 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 />Horrower 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 />~ 2004-2009 Compliance Syatema. Inc. I8-2---FA - 2009.07.355
<br />Consumer Real Eatate -Security Instrument DL2036 Page I of 5 www.compliancesyatems.com
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