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<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 Instniment") is made on March 23, 2010. The grantors are LYNN A
<br />GARDIENT and. JENNIFER A GARDIENT, husband and wife, whose address is 648 LINDEN AVE,
<br />CRAND 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 @xplained further in fire
<br />section titled Successors and Assigns Bound; Joint 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 ("Leader"). LYNN A GARDIENT and JENNIFER A GARDIENT have entered into aEquity -
<br />Line of Credit ("Contract") with Lender as of March 23, 2010, under the teens of which Borrower may, from
<br />time to time, obtain advances not to exceed, at any time, a ***MAXIMUM PRLNCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of Twelve Thousand and 00/100 Dollars (U.S. $1.2,000.00)
<br />("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make advances to
<br />Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract
<br />with Lender will be due and payable on April 1S, 2015. This Security Instrument secures to mender: (a) the
<br />repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions and
<br />modifications of the Contract; (b) the payment of all other sums, with interest, advanced to pmtect~ the security of
<br />this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property;
<br />and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Contract.
<br />For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 648 LINDEN AVE, GRAND ISLAND, Nebraska 68801
<br />Legal Description: LOT ONE (1), EAGLE SUBDIVISION, HALL COUNTY, NEBRASKA
<br />"1"OGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of die 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 L_aw" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (diet 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 Instniment, 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 unlr•Ss 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 proceedit7gs which in the
<br />Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the laolde~ of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender deter mines that any
<br />part of the Property is subject to a lien which may attain priority over this Security Instrument, L.: nder may give
<br />H~ 2004-2009 Crnnplia~tce Systems, Inc. 0020-2468 - 2009,1236A
<br />Consumer Renl Pstate -Security Instrument DL2036 Page I of 5 wwu.eornplinncesystems.crnn
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