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<br />(Spflce Above'1'his Line Fo�• Recording llata)
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT �- FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
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<br />TH1S DEED QF TRLIS'l� ("Security Instrument") is made qn December l7, 201�. The �rantors are 13RADLEY
<br />_ _..
<br />A KLINGINSMITH and SAYWARD � KLINGINSMITH, HUSBAND AND WIFE, whose address is 703 N
<br />WHITE AVF, GRAND ISLAND, Nebraska 68803-4446 ("Borrower"). E3orrower is not necessarily the same as
<br />tlie Yereon or Persons wlxo sign the Contract. The obligations of 13orrower's wha did not'sign the Contract are
<br />explained further in the section titled Saccessors �nd Assigns Bvund; Joi�xt and Several Liability;
<br />Accon�modation Signers. The trustee is Areatd 1Z.. Baack, Attorney whose address is P.O. Box 790, Cra�ad
<br />Island, Nebraska 68802 ("Trustee"). 'I'he bene�ciary is IIome FederAl Savings & Loan Association of Crand
<br />Island, w}aich is organized and existin� under the laws of the United States of America and whose address is 221
<br />Soath Locust Street, Grand lsland, Nebraska 6$801 ("Lender"). 13RADI.�� Y A KLINGINSMITH a�id
<br />SAYWARD E KLINGINSMITH have entered ix�to a Equity - Line of Credit ("Co�itract") with Lender as of
<br />llecember 17, 2010, under the tenns of which Borrower may, from ti�ne to time, obtain adv�nces not to exceed, at
<br />any time, a***MAXIIVIUM 1'l�1NCIPAL AMOUNT (EXCLUDING NRO'I'k:CTIV� ADVANCES)**� of
<br />Twelve '1'housand and 00/lUU Dollars (U.S. $12,000.00) ("Credit Limit"). Any party i�terested in the details
<br />relaled to Lender'� continuin� ohligation to n�ake advances to Borrower i� advised to consult directly with Lender.
<br />If not paid earlier, the sums owing under Borrow�r's Cox�tract with Lender will be due and payable on January
<br />15, 2016. This Security Instrument secures to I.,endec: (a) the repa}nnent of the debt under tlie Contract, with
<br />interest, includang future advances, and all renewals, Extensiozas and modifications of the Contract; (b) the payment
<br />of all otlier sums, with interest, advanced Co protact tlie security of this Security Instrument uttder the provisions of
<br />the section titled Protection of Lender's Rights in the Yroperty; and (c) tt�e performance of Borrower's
<br />covenants and agr�ements under this Security Instrument and the Contract. For tliis purpose, I3orrower, in
<br />consideration of the debt azid the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the f�>llowing des�ribed property located in the COUNTY of IIALL; State af Nebraska:
<br />Address: 703 N WIIITE AVE, GRAND ISLANI�, Nebraska 68$03-444C►
<br />Legal Uescription: I:UT E1GIIT (8), IN BLOCK THREE (3), OF I,AMBEIt'f'S SECUND
<br />AllDITION "I'Q THE CI'I'Y OF GRANll 1SLAND, HALL CULINTY, NEBRASKA
<br />TOGE`i`HER Wl'I'H all tl�e improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and tixtures ncyw or hereafter a part of t}�e property. All replacements and additioas sh�ll also be
<br />covered by this Security lnstrument. All of the foregoing is referred lo in this 5ecurity Instrunient as tha
<br />„ Property.��
<br />BO.RItOWEIt COVENAN'I"S tliat Borrower is lawfully seised of the estate laereby conveyed and has t}ae cight to
<br />�rat�t and coz�vey the Nroperty azid t1�at the Nroperty is u��encurnbered; except for encumbrances of record.
<br />Borrower warrants a��d will defend generally the title tc� the Prc�perty against all claims and demands, subject to
<br />any encumbrances ol'record.
<br />Borrower and Lender covenant and a�ree as follpws:
<br />Payment of Principal and lnterest; Other ChArges. Borrc�wer shall prompCly pay when due the principal of and
<br />interest on the debt awed under the Contract and late cliarges or any other fees and char�es due under the Contract.
<br />Applicable Law. As used in this Security Instruznent, the term "Applicahle Law" sliall mean all controlling
<br />applicable federal, state and local stat�rt�s, regulatians, ordinances and administrative niles 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 />Pr�perty which may attain priority over this Security Instrument, and leasehold paymentti or ground rents, if any.
<br />At the request of Lender, Borrower shall�promptly furnish to Lender receipts evidencing the payinents.
<br />Borrower shall promptly discharge any lien which has priority over this 5ecurity lnstrument unless 13orrower: (a)
<br />agrees in writin� to tlie payment of the obligation secured by thc lien in a mantier acceptable to I.ender; (b)
<br />contests in g��od faith t�ie lien by, or defends against enforcement of the lien in, legal prc�ceedings wliich in the
<br />Lender's opinion operate tcy prevent the enforcement of tl�e lien; or (c) secures froin tlie holder of the lien an
<br />agreement satisfactory to Lender subordinatin� the lien to this Security Instrument. If Lend : r determines thac any
<br />part of the Property is subject to a lien which inay attain priority over this Security I��stnurient, Lender may give
<br />89 2(IU4-21109 Cnmpliancc Systcros. Inc, pU2D-O3('13 - 2U09.123(i8
<br />(.'nnsumer Iteal Estatc • Sccurity Insirnmenl UI �03C PFlge � of 5 .. . www.complianccsystcros.com
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