|
~~
<br />~~ ~
<br />~
<br /> O~A~
<br />N-
<br />~ ~~ M ~
<br />~ ~o rn
<br />~ rww~~ 0 ~ ~
<br />r
<br />N n
<br />~
<br />~ ~
<br />~~
<br />~..
<br />~
<br />
<br />.~ -- - q
<br />~
<br />('
<br />>.. ,~ ,a ~ :, ~, a
<br />,.- <'
<br />n
<br />n
<br />
<br /> r.: ~
<br />
<br />~ ~ h
<br />
<br />c
<br />n is
<br />t
<br />z
<br />~ r~. ~
<br />~~.
<br />._._' x ~ ru
<br /> x ' ~ ' ~ ~ ° ~
<br />v ;
<br />
<br />cn
<br />o
<br />` ~, r-~ ~
<br /> co ~., ~ cn
<br /> ~
<br /> m ~ ~ C~ ~
<br />
<br />3 ~ -
<br />-I
<br /> ~ r v ....~- ~C]
<br /> ~ Cn C
<br /> 1--~ ~ ~
<br /> ~
<br />
<br /> rv ~ ~ ~
<br />
<br /> CJ
<br />(space Above This Line For Recording Data)
<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 June 28, 2010. The grantors are TIMOTHY D
<br />PFEIFER and SUSAN E PFEIFER, HUSBAND AND WIFE, whose address is 3815 MARY LN, GRAND
<br />ISLAND, Nebraska 68803-6020 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br />sign the Contract. The obligations of Borrowers who did not sign the Contract are explained further in the section
<br />titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska b8802 ("Trustee"). The
<br />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 68$01 ("Lender"). TIMOTHY D PFEIFER and SUSAN E PFEIFER have entered into aEquity -
<br />Line of Credit ("Contract") with Lender as of June 28, 2010, under the terms of which Borrower may, from time
<br />to time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING
<br />PROTECTIVE ADVANCES)*** of Ten Thousand and 00/100 Dollars (U.S. $10,000.00) ("Credit Limit").
<br />Any party interested in the details related to Lender's continuing obligation to make advances to Borrower is
<br />advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender
<br />will be due and payable on July 15, 2015. This Security Instrument secures to Lender: (a) the repayment of the
<br />debt under the Contract, with interest, including future advances, and all renewals, extensions and modifications of
<br />the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of this Security
<br />Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Contract. For this
<br />purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located in the COUNTY of HALL, State of
<br />Nebraska:
<br />Address: 3815 MARY LN, GRAND ISLAND, Nebraska 68803-6020
<br />Legal Descrliption: LOT FIFTEEN (1S), MARYLANE SUBDIVISION, 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 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 an 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, ar 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 />part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give
<br />~ s. Sa
<br />® 2004-2009 Compliance Systems, Inc. 002D-CEOP - 2009.12.368
<br />Consumer Real Estate -Security Instrument DL2036 Page 1 of 5 www.compliaucesystems.cam
<br />
|