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<br />llEED OF TRUST
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<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />SY THIS DEED QF TRUST)
<br />'THIS DEED OF TRUST ("Security Instrument") is made on Nave.mber 5, 2010. Tlte grantors arc RORY L
<br />DJERN�S and LORI P�)JERNES, HUSSAND ANb WIFE, whose address is 594 EAST 20TII, GRAN1]
<br />ISLAND, Nebraska 688U1-2405 ("$orrawer"). Borrower is not necessarily the same as the Person or.Persons who
<br />si�n the Conlract. `1'he obligation� of Borrowers who did nol �ign tlie Co�atract are explained furtl�er in the sectio�i
<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 b88U2 ("Trustee"). '1'l�e
<br />beneficiary is Home Federal Savit�gs & Loan Association oF Grand .Island, which is organized and exititing
<br />under the laws of tlie United States oP America and whose address is 221 South Loe��st Street, Grt�nd island,
<br />Nebraska 68801 ("Lender"). RORY Ia llJERNES and I,ORI P DJERNH S l�ave entered into a Fquity - Line of
<br />Credit ("C.ontract") with I:.ender as of November _5, 2010, under the terms of which I3orrower may, fro�n time to
<br />time, obtain advances not to exceed, at any time, a�**MAXiMUM PRINCIPAI, AMOUNT (FXCI.,UDING
<br />PRC)1'ECTIVE ADVANC,� S)*** of 'Thirty-�ve Thousand and UO/100 DollArs (U.S. $35,000.00) ("Credit
<br />Limit"). Any party interested in Che details related to Lender's continuing obligation to make advances to I3orrower
<br />is advised to consult directly with Lender, lf not paid earlier, the sums owing under 13orrower's Contract with
<br />l.,ender will be due and payaUle on ]Vovember 15, 2p]S, This Security lnstrument secures to Lender: (a) the
<br />repayrnent of the debt under tlie Concracc, with interest, including future advances, and all renewals, extensians and
<br />modifications c>f tl�e Contract; (b) the payment of all ather 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 perfot'tt�ance of Borrower's covenants and agreecnents under this Security i��strument and the Contract.
<br />Far this purpose, Borrc�wer, in consideration of the debt and tlie trust herein crealed, irr�vocably grants and
<br />conveys to Trustee, in trust, with power of sale, the £qllowing described property located in the COUN7"Y of
<br />HALL, State of Nebraska:
<br />Address: 594 EAS'r 20'I'H, GRAND ISLANU, Nebraska 68801-24QS
<br />Legal Description: THE SOU'I'H ONE HIJNDREb E1GI3TY-THREF ANll FOUR TENTHS FEE'1'
<br />(1$3.4') UF TIIE NOR'CH '['HREE HUNDREll S1XTY-SIX AND E[GHT '1'E1V'I'HS (366.8') FEE'C
<br />OF LOT NIN�' (9) 1N GEER SUBUIVISION BEING PAR'I' Ok' '1'HE NORTfIEAST QUAR1'ER OT
<br />S�,C1'lON NIN� (9), 7'OWNSHIP ELEVEN (lI) NORTH, RANGE NINE (9) WFST OF TIIE 6TFI
<br />P.M. IN GRAN.b I:SLAND, I�ALL COLJN'I'Y, NESRASKA
<br />TOGETH.ER Wl'TH all the improvements now or hereaftear erected on the property, a»d all easements,
<br />appurtenances, and tixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security lnstrument. All pf the foregoing i� referred to in this Security Instrument as the
<br />��Property."
<br />130RROWER C�VENANTS that Borrower is lawfully seised of the estace hereby conveyed ar�d has the right to
<br />grant and convey the Property and thal the Property is unencumbered; except for encumbrances of record.
<br />Borrow�r warrants and will defend generally the title to the Property against all claims and detnands, subject to
<br />any encumbrances of recc>rd. �
<br />Borrower and Lender covenant and agree as follows:
<br />Payment af Principal and I��terest; Other Charges. Borrower shall pto�nptly pay when due tlie principal af and
<br />interest oca t}�e debt owed under clie Cantract and late charges or any other fees and charges due under the Contract.
<br />Applicable Law. As used in this Security Instrument, the terna "Applicable I.,aw" shall mean all c�ntrolling
<br />applicable federal, state and local statutes, regulatioi�s, ordinances and adrninistrative rules and orders (tl�at have
<br />the effect of law) as well as al) applicable final, non-appealable judicial opinions.
<br />Charges; Liens. f3orrower shall pay all taxes, assessments, cliar�es, fines and inipositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if` aa�y.
<br />At the request of Lander, Borrower shall prcnnptly furnisl� to Lender receipts evidencing the payments.
<br />Borrower shall promptly dischar�e any lien which has priority over this Security Instrumez�t unless Borrower: (a)
<br />a�rees in writing to the payxnent of the obligation secured by the lien in a manner accepcable ta Lender; (b)
<br />contesCs in good faith the lien by, or defends against e��forcement of the lien in, legal proceedings which in t.he
<br />r? 2004-2009 Compliancc fiystems, Inc. 002U-50A2 - 2009.123(ift
<br />Consumer Rcal Estxte - Security Instrumenl DL203ti Page I of 5 ww�v.cnmpliancesystems.cnm
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