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<br />(Spacc Abqve This Line For Recording Dal�)
<br />DEEll OF 1 RUST
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<br />(PREAUTHQRIZED (OPEN END) CREDIT - FUTURE AllVAIVCES ARE SECURGD
<br />BY THIS DEED OF TRUST)
<br />TIII� .D�ED OF 'I"KUST ("Sectuity Instrurnent") is made on December l6, 2010. 'i'he grantors are WII,I,IAM
<br />R BARTUNEK nnd KATIIY A BARTUNEK, liusband and wife, whose acidress is 23U3 W UIVISION,
<br />G�ND ISLAND, Nebraska 68803-5334 ("Barrower"). Borrower is nat �ieeessarily the same as llie Person ar
<br />Personti who sign the Cozitract. The obligalians c�f Borrowers who did not sigra the Contract are explained further
<br />in the tiection titled Successors �nd Assigns Bound; doint and Several LiAt�ilit,y; Accommodatio�a Signers. The
<br />trustee is Are��d R. I3�ack, Attorney whose address is P.Q. Bcrx 79(l, Grand Isl�nd, Nebraska (iR8U2 ("Trustee").
<br />Tk�e beneliciary is Home Federal Savings &�,oan Assp�iation of Grand Island, which is organized and existing
<br />under the laws of the United States of America and wl�ose address is 221 South Locnst Street, Grand l.sland,
<br />Nebraska G$801 ("Lender"). WILLIAM R BAR'TUIVEK and KATHY A BAR'1'111�i�;K hav� entered into a
<br />Equity - Line of Credit ("Contract") with Lencler as ot ]:)ecember lb, 2010, under the tez�►ias of which Iiorrower
<br />may, from time to time, c>htain advances not to exceed, at az�y time, a***MAX.IM[JM PRINCIPAL AMOUNT
<br />(EXCi.LTD1NG PRO'I'FC'1'1VE AnVANCES)*** ��f 'I'hirty Tl�ousand a�id UU/100 1)oNl�rs (U.S. $3U,UUU.00)
<br />("Credit I.,imic"). Any party interested in tlae details related to Lender's cotztinuing obligatio» to rnake advances to
<br />$orrower is advised to cottsult directly witl� Lender. If not paid earlier, the sums owing under Borrower's ContracC
<br />with Lender will be due and payable on .Tanuary 15, 201(►. '1't�is Security Instruinent SecurES to Lender: (a) tk�e
<br />rcpayment of the debt under the Contract, with interest, including future advatices, and all renewals, exten�ions and
<br />rtzodificalions of the C.ontract; (b) the payment of all other swns, with interest, advanced to protect the security of'
<br />tl�is Security Instrument under the provisions of the sect.ion titled Nrotection of Lender's Rigl�ts in tl�c Property;
<br />aud (c) the performance of Borrower's covenants and agreements under this Secin Lnstrument and the C"ontract.
<br />For this purpose, 13orrower, in cantiideratioiz of the debt and the trust herein cre�ted, irrevocab]y grants and
<br />couveys to Trustee, in trust, with power of sale, tkie following described property located in the C'C)UN'1'Y ol'
<br />IIALL, State of Nebraska:
<br />Address: 2303 W DIVISION, GRAND ISL,AN.U, Nebraska C88U3-5334
<br />Legal Description: NItACTIONAL LO'I' ONE(I), IN FRACTIONAI. BLC)CK TWO (2), 1N ASIITON
<br />PLACE AND ITS COMPI,EMENT 1'O WIT: ALL OF I�RACTIONAL BLC)CK 28, IN BAKER'S
<br />ADDITION, BO'1'H BEING ADI)1TIUNS TO THE Cl'TY OI+ GRAND IS.[,AND, I�ALI, C'O[INTY,
<br />N � BI�iASKA
<br />TOGETIIER WI'1'H all the improvements now or hereafter erected on the property, and all easemerats,
<br />appurtenances, and #ixtures now or hereafter a part of the properfy. All replaceinents and addition5 sl�all also be
<br />covered by this Security Instrument. All of the ti>regoing is referred to in this Security Instrument as t1�e
<br />��Yropert.y." .
<br />BORROWER CQVF.NAN"I'S that Borrowar is lawfi�lly seised of the estate hereby conveyed and has tlae right to
<br />grant and convey the Property and tk�at the Property iti unencunabered, except for encumbrances of recorel:
<br />13orrower warrants and will defezad gen�rally the title to tk�e Property against all claims and deiii�ncis, subjcct to
<br />any encumbrances of record.
<br />13orrower and Lettder covenant and agree as fc�llows:
<br />PayrM�ent of Principal flnd I��terest; Otl�er Charges. Borrower shall �roiz�ptly pay when due the principal of and
<br />interest on die debt owed under the Contract and late charges or any C�ther tees aa�d cliarges due under the Contract.
<br />Applicable Law. As used in tkiis Security Instruixient, the tern� "Applic�ble Law" shall �neatt all c�ntrolling
<br />applicable federal, st�te and local st.atutes, regulativns, ordinances ar�d administralive rules and orders (thflt have
<br />the effect of law) as well as all applicable tinal, non-appealable judicial opinions:
<br />Charges; Liens. Borrower shall pay all taxes, assessments, cliarges, f��es and impositions attributable to fhe
<br />Property which may attain priority over this Security Instrument, and leasehcrld payinentG or ground reuts, if any.
<br />At the request of Lender, Borrower shall promptly f'urnish to i,ender receipts evidencing tlie payment�.
<br />Borrower shall promptly discharge any lien which I�as priority over this Securiky l��strumeiit unless Bvrrower: (�)
<br />agrees in writing to t�ie payment oF the obli�ation secured by the lien in a maimer acceptable to I..ender; (b)
<br />ccmtests in good faith the lien by, or defends against enF��rceaneait of tkie lien in, legal proceedings which in tlie
<br />Lender's opinioi� operate tv prevent the enforcement of tlie lien; or (c) secures I:rvm the holder of the lien an
<br />�� 2004-2009 Cornpliancc Systcros, 7nc. 002D-6B88 • 2009. � 23(iR
<br />Consurner Rexl Estate - Secutity Instrun�ent DL:2036 Pa.ge I nf 5 � �vN��v.compliancc�ystcros.cnm
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