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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 TRIIST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on December 8, 2010. The grantors are KRISTINE A
<br />COATES and LAWRENCE D COATES, WIFE AND HUSBAND, whose address is a08 1pTH ST, Chapman,
<br />Nebraska 68827-0235 ("Sorrower"). Barrower is not necessarily the same as the Person or Persons who sign the
<br />Contract. The abligations of Borrowers who did not sign the Contract are explained further in the sectian titled
<br />Successors and Assigns Bound; Jaint and Several Liability; Accornmodatlon Signers. The trustee is Arend
<br />R. Baaek, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary
<br />is Home Federal Savings & Loan Associadon of Grand Island, which is organized and existing under the laws
<br />of the United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). KRISTINE A COATES and LAWRENCE D COATES have entered into a�quity - Line of Credit
<br />("Contract") with Lender as of December $, 2010, under the terms of which Borrower may, from time to tirne,
<br />obtain advances not to �XCCEd at any time, a***MAXIM[TM PRINCIPAL AMOUNT (EXCL[TDING
<br />PRUTECTIVE ADVANCES)*** of Thirty-three Thousand and 00/100 Dollars (U.S. $33,000.00) ("Credit
<br />L'unit"). Any party interested in the details related to Lender's continuing obligation to make advances to Borrower
<br />is advised to consult directly with Lender. If not paid earlier, thc sums owing under Sorrower's Contract with
<br />Lender will be due and payable on December 15, 2015. This 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 paymant of all other sums, with interest, advanced to protect the security of
<br />this Security Instrurnent under the provisions of the section titled Protection. of Lender's Rights in the Prope.rty;
<br />and (c) the performance of Sorxower's covenants and agreements under tY►is Security Instrument and the Contract.
<br />For this purpose, Borrower, in consideration af the debt and the trust herein created, irrevocably grants and
<br />conveys to Trustee, in trust, with power af sale, the following described property located iux the CO[TNTY of
<br />HALL, State of Nebraska:
<br />Address: 2410 PIONEER BLVD, GRAND ISLAND, Nebraska 68801
<br />Legal Descriptian: LOT FOUR (4), BLOCK D, PARK-VI�W SUSDNISION IN THE CITY OF
<br />GRAND ISLAND, HALL COiTNTY, NEBRASKA, EXCEPTING A CERTAIN TRACT MORE
<br />PARTICLTLARI.Y DESCRIB�D IN WARRANTY DEED RECORDED AS DOCUMENT NO. 98-
<br />10425'1
<br />TOGETHER WITH all the irnprovements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now ar hereafter a part of the property. All replacemants and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instnunent as the
<br />"1'roperty."
<br />BORROWER COVENANT5 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 />Sorrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of recard.
<br />Borrower and Lander covenant and agree as follows:
<br />Payment of Priucipal and Interest; Other Charges. Borrower shall promptly pay when due the principal of and
<br />inter�st on the debt owed under the Contract and lats charges or any ather fees and charges due u.zzder the Contract.
<br />Appl3cable Law. As used in this Security Instrunlent, 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 />Froperty which may attain priority over this Security Instrument, and Isasehold payments or ground rents, if any.
<br />At the request of I,ender, Sorrower shall promptly furnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instiument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable ta Lender; (b)
<br />contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
<br />I.ender's opinion operate to prevent the enforcement of the lien; or (c) secures frorn the holder of the lien an
<br />� 20D4-2009 Compliance Syateme, lnc. 002b-28t9 - 2009.12368
<br />Consumer Reel Eatate - Security instrumcnt DL2036 Page 1 of 5 www.complianceaystema.com
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