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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 July 12, 2010. '1"he grantors are CLARK
<br />KALKOWSKI and PAZ"SY A KALKOWSKI, HUSBAND AND WIFE, whose address is 820 WYANDOTTE,
<br />GRAND ISLAND, Nebraska 68801-7675 ("Borrower"). Borrower is not necessarily the same as the Person. or
<br />Persons wha sign the Contract. The obligations of Borrowers who did not sign the Contract are explained further
<br />in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. "The
<br />trustee is Arend R. Baack, Attorney whose address is F.O. Box 790, Grand Island, Nebraska 68802 ("Trustee").
<br />The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organi?ed 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"), CLARK KALKOWSKI and PATSY A KALKOWSKI have entered into a
<br />Equity -Line of Credit ("Contract") with Lender as of July 12, 2010, under the terms of which Borrower may,
<br />from time to time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of Twenty-five Thousand and 00/100 Dollars (U.S.
<br />$25,000.00) ("Credit Limit"). Any party interested in the details related to bender's continuing obligation to make
<br />advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due and payable on August 1.5, 2015. This Security Instrument secures to
<br />Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and all
<br />renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with interest, advanced
<br />to protect the security of this,Security Instrument under the provisions of the section titled Frotection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COUNTY of HALL, State of Nebraska:
<br />Address: 52U WYANDOTTE, GRAND ISLAND, Nebraska 68801-7675
<br />Legal Description: LOT SIX (6), RE-SUBDIVISION OF BLOCK FOUR (4), IN "SECOND
<br />ADDITION TO IIOLCOMB'S HIGHWAY HOMES SUBDIVISION", BEING A PART' OF' THE
<br />NORTHEAST QUAR'T'ER OF THE NORTIEAST QUARTER (NE 1/4 NE 1/4) OF SECTION
<br />TWENTY-EIGhIT (28), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST OF 'CHE
<br />6TH P.M.
<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 (drat 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 />~'~ 2004-2009 Compliance Systems, Inc. 002D-9847 - 2009.12.368
<br />Consumer Real Estate -Security Instn~menl. DL2036 Page 1 of 5 auw.complianecsystems.com
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