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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 Instrument") is made on May 21, 2010. The grantors are CYNTHIA L
<br /> THOMPSON and MARK L THOMPSON, WIFE AND HUSBAND, whose address is 822 N ELM, GRAND
<br /> ISLAND, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign
<br /> the Contract. The obligations of Borrowers who did not sign the Contract are explained further in the section titled
<br /> Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend
<br /> R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary
<br /> is Home Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws
<br /> of the United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br /> ("Lender"). CYNTHIA L THOMPSON and MARK L THOMPSON have entered into aEquity -Line of
<br /> Credit ("Contract") with Lender as of May 21, 2010, under the terms of which Borrower may, from time to time,
<br /> obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING
<br /> PROTECTIVE ADVANCES)*** of Twenty-one Thousand and 00/100 Dollars (U.S. $21,000.00) ("Credit
<br /> Limit"). Any party interested in the details related to Lender's continuing obligation to make advances to Borrower
<br /> is advised to consult directly with Lender- If not paid earlier, the sums owing under Borrower's Contract with
<br /> Lender will be due and payable on June 15, 2015. This Security Instrument secures to Lender: (a) the repayment
<br /> 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 protect the security of
<br /> this Security Instrument under the provisions of the section titled Protectiou of Lender's Rights in the Property;
<br /> and (c) the performance of $orrower'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: 822 N ELM, GRAND ISLAND, Nebraska 68801
<br /> Legal Description: THE NORTHERLY ONE HALF (N 1/2) OF LOTS ONE (1) AND TWO (2),
<br /> BLOCK NINE (9) IN H.G. CLARK'S 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 />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br />d> 2004-2009 Compliance Systems, Inc. 002D-8B9F - 2009.12.368
<br />Consumer Real Estate -Security Instrument DL.2036 Page 1 of 5 www.cvmpliancesystems-com
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