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<br />(Spacc Above This Line For Recording Data)
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDI'i' - F"UTURE AllVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("5ecurity Instnlment") is made on November 3, 2010. The grantors are GUY
<br />STIENIKE and NELLIE VELASQUEZ STIENiKE, HUSBAND AND Wik'E, whose address is 4215 W
<br />CA�ITAL AVE, (GRAND ISLAND, Nebraska 68803-1412 ("Borrower"). Borrower is not necessarily the same
<br />as the Person or Persons who sign the Contract. The obligations af Borrowers who did �►ot sign tlie Contract are
<br />explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodatian Signers. '1'he trustee is Arend R. Baack, Attorney whose address is P.O. Sox 79U, Grand
<br />Island, Nebraska 68802 ("TrusCee"). The beneficiary is Home Federal Savings & Loan Association of Grand
<br />Island, which is organized and existing under die laws of the United States of Arnerica a�ad wlaose address is 221
<br />South L,oeust Street, C�rt�nd Istand, Nebraska C$$O1 ("Lender"). GUY STIENIKE and NELLIE
<br />VELASQUEZ STIENIKE have entered into a Equity - Line of Credit ("Contract") with I.ender as of
<br />Novenrtber 3, 2010, under the terms of which Borrower may, from time to time, abtain advances nor to exceed, at
<br />any tizne, a***MAXNMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)��* of
<br />Ten Thousand and UI)/100 llollars (U.S. $10,000.00) ("Credit I..imit"). Any party ipterested in the details relaled
<br />to Lender's continuing obligation to make advances to Bnrrc7wer is advised to consult directly with I.ender. lf ��ot
<br />paid earlier, the sums owing under Borrower's Contract with l.ender will be due and payable on November 15,
<br />2015. 'I'his 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 modifications of the ContraCt; (b) the payment of all
<br />other sums, with interest, advanced to protect 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 Borrower's covenants
<br />and agreements under this Security Instrument and the Contract. For this purpose, $ocrower, in consideration c�f
<br />the debt and the trust herein created, irrevncably grants and convey� to 1'rustee, in trust, witlx pc�wer af sale, the
<br />follawing described�properly located in the COUNTY of HA[�L, State of Nebraska:
<br />Address: 4215 W CAPITAL AV�, GRAND ISLAND, Nebraska 68803-1412
<br />Legal Uescription: LOT FOi7R (4) IN ROSS FIRST SUBDIVISION IN TIIE CITY OF GRAND
<br />ISLAND, �IALL COLTNTY, NEBRASKA
<br />TOGETHER WITII all the improvements now or hereafter erected on the �rc>�erty, and all easements,
<br />appurtenances, and �xtures nc�w or hereafter a part of the property. All replacements and additioc�s s}�all also be
<br />covered hy this Security lnstrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS i}�,at.�3oxrpwer.is lawfi�lly seised tlic estate hereby conveyed and has the right Co
<br />grant and convey the Property and that the Property is unencumbered, except for er�cumbrances af record.
<br />Bocrower warrants and will defend generally the title to the Property agair�st all claims and demands, subject tc�
<br />any encumbrances of record.
<br />Borrower and �,ender covenant and agree as follows:
<br />Payment of Yri�tcipal and Interest; Other Cliarges. Borrc�wer 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 charges due under the Contract.
<br />Applicable Law. As used in this Security InstrumenC, the term "Applicable Law" s}aall mean all controlling
<br />applicable federal, state and 1oca1 statutes, regulations, ordinances and adminastrative rules and orders (thal have
<br />thc effect of law) as well as all applicable �nal, non�appealable judicial opinion�.
<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 lea�ehold payments or ground rents, if any.
<br />�t the request of Lender, Borrower shall prpmptly furnish to l,ender 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 d�e lien by, or defends against enfarcement of the lien in, legal proceedings which iu tl�e
<br />Lender's opinion operate to prevent the enForcement of tlae lien; or (c) secures from the holder of the lien an
<br />agreemetat satisfactory to Lender subordinating tlte lien to this 5ecurity Instrument. If Lender determines that any
<br />part of the Property is subject Co a lien wl�ich may attain priority over this Security [nstrument, Lender may give
<br />4:r 2004-2D09 Camplipnee Sys�n�ns, Inc. 002D-GESB - 2009.12.36R
<br />Cvnsumcr Rcal Eslflle -$ecurity �nstrumcnt �L2036 Pn6e I nf 5 www.cnmpliancesystcros.com
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