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<br />LOAN NUMBER: 0100613373
<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 December 14, 2009. The grantor is ARLEN G
<br />HILGENKAMP, husband and wife, and SUSAN M HILGENKAMP, whose address is 1820 N HUSTON
<br />AVE, GRAND ISLAND, Nebraska 68803 -2746 ( "Borrower "). Borrower is not necessarily the same as the Person
<br />or Persons who sign the Contract. The obligations of Borrowers who did not sign the Contract are explained
<br />further in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska
<br />68802 ("Trustee"), The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is
<br />organized and existing under the laws of the United States of America and whose address is 221 South Locust
<br />Street, Grand Island, Nebraska 68801 ( "Lender "). ARLEN G HILGENKAMP and SUSAN M
<br />HILGENKAMP have entered into a Equity - Line of Credit ( "Contract ") with Lender as of December 14, 2009,
<br />under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />** *MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES) * ** of Thirteen
<br />Thousand Six Hundred and 00 /100 Dollars (U.S. $13,600.00) ( "Credit Limit "). Any party interested in the
<br />details related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with
<br />Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on
<br />December 15, 2014. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract,
<br />with interest, including future 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 HALL, State of Nebraska:
<br />Address: 1820 N HUSTON AVE, GRAND ISLAND, Nebraska 68803 -2746
<br />Legal Description: LOT TWENTY THREE (23) AND THE NORTH THREE (3) FEET OF LOT
<br />TWENTY -FOUR (24), WEST LAWN ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />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. 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 -2009 Compliance Systems. Inc. IBD2 -17C8 - 2009.07.355
<br />Consumer Real Estate - Security Instrument OL2036 Pagel of5 www.complianemystems.com
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<br />(Space Above This Line For Recording Data)
<br />LOAN NUMBER: 0100613373
<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 December 14, 2009. The grantor is ARLEN G
<br />HILGENKAMP, husband and wife, and SUSAN M HILGENKAMP, whose address is 1820 N HUSTON
<br />AVE, GRAND ISLAND, Nebraska 68803 -2746 ( "Borrower "). Borrower is not necessarily the same as the Person
<br />or Persons who sign the Contract. The obligations of Borrowers who did not sign the Contract are explained
<br />further in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska
<br />68802 ("Trustee"), The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is
<br />organized and existing under the laws of the United States of America and whose address is 221 South Locust
<br />Street, Grand Island, Nebraska 68801 ( "Lender "). ARLEN G HILGENKAMP and SUSAN M
<br />HILGENKAMP have entered into a Equity - Line of Credit ( "Contract ") with Lender as of December 14, 2009,
<br />under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />** *MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES) * ** of Thirteen
<br />Thousand Six Hundred and 00 /100 Dollars (U.S. $13,600.00) ( "Credit Limit "). Any party interested in the
<br />details related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with
<br />Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on
<br />December 15, 2014. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract,
<br />with interest, including future 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 HALL, State of Nebraska:
<br />Address: 1820 N HUSTON AVE, GRAND ISLAND, Nebraska 68803 -2746
<br />Legal Description: LOT TWENTY THREE (23) AND THE NORTH THREE (3) FEET OF LOT
<br />TWENTY -FOUR (24), WEST LAWN ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />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. 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 -2009 Compliance Systems. Inc. IBD2 -17C8 - 2009.07.355
<br />Consumer Real Estate - Security Instrument OL2036 Pagel of5 www.complianemystems.com
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