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<br />(Space Above This [.ine For Recording Data)
<br />DEED OF TRUST
<br />(PREAUTHORTZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DE�D OP TRUST ("Security Tnstrument") is rnade on September 30, 2010. The grantors are RICHARD
<br />J RADKE and LORI K RADKE, HUSBAND AND WIF�, whose address is 609 WHITE AVE, GRAND
<br />ISLAND, Nebraska 68803-4b59 ("Borrower"). $orrower is not necessarily the same as the Person or Persons wha
<br />sign the Contract. The obligations af 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 68802 ("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 Isiand,
<br />Nebraska 68801 ("Lender"). RICHARD J RADKE and LORI K RADKE have entered into a Equity - Line of
<br />Credit ("Cantract") with Lender as of September 30, 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 />PROTECTIV� 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 malce 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 October 15, 2015. 'T'his Security Instrument secures to Lender: (a) the repayrnent 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 Pratection af 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 lxust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the fallowing described property located in the COiTNTY of HALL, State of
<br />Nebraska:
<br />Address: b09 WHITE AVE, GRAND ISLAND, Nebraska 68803-4659
<br />Legal Description: LOT SEVEN (7), IN SLOCK ONE (1), IN PACKER AND BARR'S ADDITION
<br />TO THE CITY OF GRAND �5LAND, HALL CDUNTY, NEBRASKA.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easernents,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />cavered 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 encurnbrances af 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 />Fayment of Principal and Interest; Other Charges. Sorrower shall promptly pay when due the principal of and
<br />interest on the debt awed under the Contract and late charges or any other fees and chaa'ges 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 m�ay attain priority over this Security Instruznent, and leasehold payments or ground rents, if any.
<br />At the request of I.ender, 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 />a�rees in writing to the payment of the obligation secur�d 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 opinian operate to prevent the enfarcement 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 rnay attain priority over this Security Instrument, L.ender may give
<br />aJ 2004-2009 Compliance Systcros, Inc. 002D-8066 - 2009.12.388
<br />Consumer Rcal Estate - Sccurity Instn�ment PI,2036 Pagc I of 5 wevw.compGencesystems.com
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