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<br />(Space Above This Litte F'or Recording Data)
<br />DEED OF TR~J~T
<br />(PREAUTHORIZED (OPEN END) CREDIT -FU'T'URE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is trade on February 26, 2010. The grantor is ANITA S
<br />LECHNER, F/K/A ANITA S DANKLESEN, A SINGLE PERSON, whose address is 715 W DIVISION,
<br />GRAND ISLAND, Nebraska 68801 ("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; .Ioint 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 ("Lender"). ANITA S LECHNER has entered into aEquity -Line of Credit ("Contract") with
<br />Lender as of February 26, 2010, under the tertns of which Borrower may, from time to time, obtain advances not
<br />to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE
<br />ADVANCES)*** of Five Thousand and 00/100 Dollars (U.S. $5,000.00) ("Credit Limit"). Any party interested
<br />in the details related to Lender's continuing obligation to make advances to Borrower is advised to consult dixectly
<br />with Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on
<br />March I5, 2015. 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 modiftcations 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 ProteetIon 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: 715 W DIVISION, GRAND ISLAND, Nebraska 6$$01
<br />Legal Description: THE WESTERLY SEVENTEEN FEET• (W17') OF LOT TWO (2) AND THE
<br />EASTERLY THIRTY-THREE FEET (E33') OF LOT THREE (3), ALL IN BLOCK ONE
<br />HUNDRED TWO (102) IN KOENIG AND WIEBE'S 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 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 warrant_Q 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 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 Lender; (b)
<br />contests in good faith the lien by, or defends against enforcement of the lien itt, 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 Complimce Systems, Inc. 002D-85E5 - 2009.12.368
<br />Consumer heal Estste -Security Instrument DL2036 Page 1 of 5 www.comptiancesystems.com
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