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<br />DEED OF TRUST
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<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />TIIIS DE�U OF TRUST ("Security Instrumcnt") is made on Octaber 18, 2010. Th� �rantors are RANDY S
<br />W�STFALL, A MARItIED COUPLE, and LAURI J WESTFALL, A MARRI�ll COUPLE, who5e address is
<br />1528 ALLEN AVE, GRANll 1SLAND, Nebraska 6$8Q3-29z9 ("Borrower"J. Borrower is not necessarily the
<br />same as the Person or Persons who sign the C�ntract. The obligations of Borrowers who did not sign the Contract
<br />are explained further in th'e seclion titled Successors and Assigns Sowid; Joint and Several Liability;
<br />Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address i5 P,U. Box 790, Grand
<br />Island, Nebraska 6$802 ("Trustee"). The beneficiary is Home Feder$1 Savings & Loan Association of Grand
<br />Island, which is organized and existing under the laws of the United States of America and whose address is 221
<br />South Locust Street, Grand Island, Nebraska 68801 ("Lender"). RANDY S WESTFALL and LAi1RI J
<br />WES"I'FALL have entered into a Equity - Line of Credit ("Contract") with Lender as of (7ctober 18, 2010, under
<br />the tenns of which Borrower may, fro�n time to time, obtain advances not to exceed, at any time, a
<br />***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTiVE AllVANCES)*** of Eight
<br />Thousand and 00/1p0 Dollars (U.S. $$,000.00) ("Credit Limit"). Any party interested in the details related to
<br />Lender's continuing obligation to make advances to Borrower is advisad to consult directly with Lender. If not
<br />paid earlier, the sums owing under Borrower's Contract witl� Lender will be due and payabl� c>n November 15,
<br />2015. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest,
<br />including future advances, and all renewals, extensions and modi�cations of the Contract; (b) the payment of all
<br />other su«�s, with interest, advanced ta prc7tect the security of this Security Instrument under the provisions of the
<br />section titled Protection of Lender's Rights in the Property; and (c) the performance of Barrower's covenants
<br />and agreements under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of
<br />the debt and the trust herein created, irrevocably grants and conveys to 'I'rustee, in trust, with power af sale, the
<br />following described property located in the COUNTY of I�ALL, State qf Nebraska:
<br />Address: 1528 ALLEN AVE, GRANU ISLAND, Nebraska 68803-2929
<br />Legal Description: lot twenty-fonr (24), R. & B, subdlvislon In the city of Grand lsland, Nebraska,
<br />Hall Caunty
<br />TOGETHER WITH all the vmprovements now or hereaf'ter erected c>n tlie property, and all easec�:�ezats,
<br />appurtenances, and fixtures now or lxereafter a part of the property. All replacements and additions shall also be
<br />covered by this Securily Instrumcnt. All of the foregoing is ceferred to in this Security Instrumenl as lhe
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfulty seised of the estate hereby conveyed and has the right to
<br />�rant 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 Praperty against all claims and demands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and agree as fi�llnws;
<br />Payment of �rincipal and Interest; Othear 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 lnstrument, the tartn "Applicable Law" shall mean all coiitr�lling
<br />applicable federal, state and local statutes, regulations, ordinances and admia�istrative rules and orders (that have
<br />the effect of 1aw) as well as all applicable final, non-appealable judicial opinions.
<br />Charges; Liens. �3orrower shall pay all taxes, assessrnents, charges, lines and icnpositions attributable to the
<br />Property which may attain priority over tkais Security Instniment, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Bot't'ower shall promptly funiish to Lender receipts evidencing the payinents.
<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 tlie obligation secured by the lien in a manner accep�able to Lender; (b)
<br />contests in gpod faith tlie lien by, or defends against enforcemez�t of the lien in, legal proceedings which in the
<br />Lender's opinion operate to prevent the enforcement c�f the li�n; or (c) secures from the laolder of tl�e lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security lnstrument. If Lender determines that any
<br />part of the Property is subject to a lien whicla may attain priority over this Security Instrumez�t, l,e��der may give
<br />2� 20044009 Compliancc Systcros, Inc. 002�-9874 - 2009.12.368
<br />Consumcr Rcal Estatc - Sccw�ity instrumenl DI..2O36 Page I nf 5 , www.compliancesystcros.com
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