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<br />DEED OF TRUS'T'
<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 September 14, 2010. The grantors are KEVIN E
<br />BREHM and WENDY E BREHM, HUSBAND AND WIFE, whose address is 4321 CLAUSSEN RU,
<br />GRAND ISLAND, .Nebraska 68$03-1019 ("Borrower"). Borrower is not necessarily the szzzze as the Person or
<br />Persons.,urhn..signxhe Contract. The obligatiozzs 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 P.O. Box 790, Grand Island, Nebraska G8802 ("Trustee").
<br />The beneficiary is Home Federal Savings & Loan Association of Crand 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 Lsland,
<br />Nebraska 68801 ("Lender"). KEVIN E BREHM and. WENllY F, BR~:HM }nave entered into aEquity - Lzne of
<br />Credit ("Contract") with Lender as of September 14, 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 (EXCLUUINC
<br />PROTECTIVE ADVANCES)*** of Five Thousand Five Hundred and 00/100 Dollars (U.S. $5,500.00)
<br />("Credit Limit"). Any party interested in the details related to L.ender'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 September I5, 2015. 'his Security Instrument secures to Lender: (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 protect 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 InstrumenC 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 />IIALL, Stag of Nebraska:
<br />Address: 4321 CLAUSSEN RD, GRAND ISLAND, Nebraska 68803-1019
<br />Legal Description: LOT TWO (2), IN CLAUSSEN SUBDIVISION, IN THE CITY OF GRANT)
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />"'TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and f`ixhires 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 enctunbrances 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 atzd late charges or any other fees and charges due under the Contract.
<br />Applicable Law. As used in this Security Instnunent, 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; Lieus. Borrower shall pay all taxes, aSSeSSmetlts, 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 uzzless 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 over this Security Instrument, Lender may give
<br />es9 2004.2009 Complinm-e Sysletns. Inc, U02Ud~)A03 •2009.12.368
<br />Consumer Rcal Eslflle -Security Insnvment DL2036 Pflgc I of 5 w~ww,cnmpliancesystems.com
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