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<br />(5pace Above This Line For Recording Data)
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRU5T ("Security Instrument") is made on November 29, 2010. The grantors are CHARI�ES
<br />E TFIOMPSON and PATRICIA A THOMPSON, Husband and Wife, whose address is 821 E 7TH ST,
<br />GRAND ISLAND, Nebraska 68801-2723 ("Borrower"). Borrower is not necessarily the same as the Person or
<br />Fersons who sign the Contract. The obligatians of Borrowers who did not sign the Contract are explained further
<br />in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The
<br />trustee is Arend R. Baack, Attorney whose address is P.Q. Box 790, Grand Island, Nebraska 68802 ("Trustee").
<br />Thc beneficiary is Home �'ederal Savings & Loan Association of Grand Island, which is organized and existing
<br />under the laws of the United States of Annerica and whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 6$801 ("Lender"). CHARLES E THOMPSUN and PATRICIA A THOMPSON have entered into a
<br />Equity - Line of Credit ("Contract") with Lender as of Novetnber 29, 2010, under the ternis of which Sorrower
<br />may, from time to time, obtain advances nat ta exceed, at any time, a***MAXIMiJM PRINCIPAL AMOiTNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of Fifteen Thousand Eighty and SO/100 Dollars (U.S.
<br />$15,080.50) ("Credit Lixnit"). Any party interested in the details related to I,ender's continuing obligation to make
<br />advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due and payable on Deeember 15, 2015. This Security Instrument secures
<br />to Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and all
<br />renewals, extensions and modifications of the Contract; (b) the payment of all othsr sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection af Lender's
<br />Rights in the Property; and (c) the performance of Borrower's cavenants and agreements under this Security
<br />Instxurnent and the Contract. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described praperty located in
<br />the COiJNTY of HALL, State of Nebraska:
<br />Address: 821 E 7TH ST, GRAND ISLAND, Nebraska 68801-2723
<br />I,egal Description: FRACTIONAL LOT ONE (1), IN FRACTIONAL BLOCK TWELVE (12), IN
<br />JOHN VOITLE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />AND ITS COMPLIMENT TO WIT: FRACTIONAL LOT ONE (1) IN FRACTIONAL BLOCK
<br />THREE (3) OF EVANS' ADDITION TO THE CITY OF GRAND ISLAND, HAI�I, COUNTY,
<br />NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected an the property, and all easernents,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacernents and additions shall also be
<br />covered by this Security Instrument. All af the faregoing is refarred ta 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 encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Froperty against all claims and demands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />Payment of Principal and Interest; Other Charges. Borrower shall promptly pay when due the principal of and
<br />interest an 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 Instrument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ardinancas and administrative rules and orders (that have
<br />the effect of law) as well as all applicabls final, non-appealable judicial opinions.
<br />Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositians attributable to the
<br />Property which may attain priority over this Security Tnstrument, 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 />Borrawer shall promptly discharge any lien which has priority over this Security Tnstrument unless Borrower: (a)
<br />agrees in writing to the payrnent of the obligation secured 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 />� 2004-2009 Complinnce Syetema, lnc. 002U-ASC8 - 2009.12.368
<br />Consumer Real Estate - Security Instrument DL2036 Page 1 of 5 www.complianccsystcros.com
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