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~.~ ~ , <br /> <br />~ , <br />3, <br />_ <br />@ ~~ <br />~~ <br /> <br />~~ <br />,~.~.,. a <br />~ <br /> <br />cn ..~..,~,,.. <br />N_ ^ ~ <br /> <br />r, <br />~ ..~~~"" <br />1^~^r~ <br />....~ <br />.~~ <br />~^ <br /> <br /> ~~ <br /> ~ ~ -1 <br /> 1"1'1 ~v ~ ~ ~_ <br />-~ ('ft N T <br /> n = P"~ l ~ r -'-i ~ <br />n Z ~ `~ ~ ~' ~` ~ v <br /> ~ <br /> ~ ca cn <br />~ <br />x ~ ~~ <br />'~ ~ ~ ca z <br /> ~ ~ <br /> <br /> " ~ M._.. ~ rv ~ <br /> d ~ m <br /> ~ ~ w <br /> -~ cn © -,~ <br /> ~. <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 July 8, 2010. The grantors are BRIAN R <br />DURNING and MARY D DURNING, HUSBAND AND WIFE, whose address is 2227 ATLANTA ST; <br />GRAND ISLAND, Nebraska 68803-2376 ("Borrower"). Borrower is not necessarily the same as the Person or <br />Persons who 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 LlabIIity; Accommodation Signers. The <br />trustee is Arend R. Baack, Attorney whose address is P.Q. 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 68$01 ("Lender"). BRL~N R DURNING and MARY D DURNING have entered into aEquity - <br />Line of Credit ("Contract") with Lender as of July 8, 2010, under the terms of which Borrower may, from time to <br />time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING <br />PROTECTIVE ADVANCES)*** of Fifteen Thousand and 00/100 Dollars (U.S. $15,000.00) ("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: 2227 ATLANTA ST, GRAND ISLAND, Nebraska 68803-2376 <br />Legal Description: LOT SEVENTEEN (17) JEFFREY OAKS FIFTH SUBDIVISION IN THE CITY <br />OF GRAND 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 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 aver 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 />part of the Property is subject to a lien which may attain priority aver this Security Instrument, Lender may give <br />® 2004-2009 Complimce Systems, Inc. 002D-4183 - 2009.12.368 <br />Consumer Real Estate -Security Instrument DL2036 Page 1 of5 www.compliancesystems.com <br />~ 5 ya <br />