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<br />(Space Above Tl�is Line I'or Recnrding Data)
<br />DE�ll OF TRUST
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<br />(PREAUTHORIZED (OPEN ENll) CREDiT - FU'TURE ADVANCES ARE SECURED
<br />BY THIS DEED Or TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is �uade on December 27, 2010. The grantors are 1,ARIZY S
<br />KUTA and kLIZABETII A KU'1'A, husband and wife, whose address is 4069 HORSH;SHOE PL, GRANU
<br />1SLAND, Nebraska G8803-1517 ("Borrower"). Borrower is not necessarily tl�e same as the Person or Persons who
<br />sign the Equity - Line of Credit ("Contract"). The obligations of Borrc�werti who did i�ot sign ttie Cotttract are
<br />ex�laixaed furttier in the section titled Successors flnd AS51g115 Baund; Joint and Several I�iability;
<br />Accommodation Signers. The trustee is Arend It. Saack, Attorney whose address is P.O. Box 79p, C:ra�ad
<br />island, Nebraska b$$U2 ("'1'rustee"). The beneticiary is Home Federal Savings & Lofln Associatian of Grand
<br />Island, whicli is organized and exititing under the laws of the United States of America aud whose address is 221
<br />Soath Locust Street, Grand lsia�xd, Nebraska 68801 ("Lender"). �,ARRY S KUTA and ELIZABE"i'H A KU'1'A
<br />have entered into a Contract with Lender as of December 27, 2010, under the terms pf which Borrower may, from
<br />time to time, obtain advances not ta exceed, at any time, a***MAXIMUM 1'121NCIPAL AMOUNT
<br />(EXCLUDING PRO'I'ECTIVE ADVANCES)*** of Fifteen '.1'housand and UU/100 Dollars (U.S. $i5,00U.00)
<br />("Credit l,imit"). Any party inter�sted in the details related ta Lender's c�mtinuing obligation to make advances to
<br />Borrower is advised to consult directly with L�nder, if not paid earlier, Ctie sums owing under Borrower's Contract
<br />witl� Lender will be due and payable o�� Jaaxuary 15, 2016. Tlus Security Instrume��t secures to Lender: (a) the
<br />repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions and
<br />mpdifications of the Contract; (b) the payment of all other sums, with interesC, advanced to prc�tect the security of
<br />this Security Instrumer�t under tlie provisions ol the section titled Protection of I,ender's Rights in the Property;
<br />and (c) the performance of Borrower's covenants axid agreemenls under this Security Instruznexat and the ConCract.
<br />Far this purpose, E3orrower; in consideration of the debt and the trust herein created, irrevocably grants and.
<br />conveys to Trustee, in trust, with power of sale, the following described property located in thc COUN'1'Y of
<br />HALL, State ofNebraska:
<br />Address: 4069 HORSESHOE PL, GRAND ISLAND, Nebraska 68803�1517
<br />Legal Description: LOT TWELVE (12) IN R& B SECOND SUBll1V1SION IN 'TIIE CITY OF
<br />CRANI)1SLAND, HALL COUNTY, NEBRASKA
<br />'TOGETI�ER WITH all the improvements n�w or hereafter erected on tl�e property, and all easements,
<br />appurtenances, and �xtures z�ow or liereafter a part of the property. All replacemenls and additians shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in thi5 Security lnstnuYaent as tl�e
<br />"Property."
<br />BORRQWER COV�NANTS that Borrower is lawfully seised of tl�e estate l�ereby conveyed and has the right to
<br />grarit and convey the Property and that the Prop�rty is unencumbered, except for EttClll]1hCd17C�5 of recbrci.
<br />Borrower warrants and will dafend generally the title to the Property against all claims and deznands, subject to
<br />�ny encuItibrauces oFrecord.
<br />I3�rrower and i..et�dear covenax�t a��d agree as follows:
<br />Yayment of Yrincipal and Interest; Other Charges. Borrowez sM�all promptly pay when due tlie principal af and
<br />int�rest on the debt owed under the Contract and laCe charges or any other fees� and ch�rges due ux�der the Contract.
<br />Applicable Law. As used in Chis Security Instrument, the term "Applicable [,aw" shall mean all controlling
<br />applicable federal, state and local stahites, regulations, ordinances and administrative rules and arders (lhat have
<br />the effect of law) as we11 as all applicable linal, non-appealable judicial opinions.
<br />Charges; Liens. Borrpwer shall pay. all taxes, assessments, charges, fines and iinposi±ioi�s attributable to tl�e
<br />Property which may attain prioriCy over this Security Instrument, and leasehold payments or �row�d rents, if any.
<br />At the request of Lender, Borrower shall promptly furnish to Lender receipts evidencing the payrr.ients.
<br />Borrower shall promptly discharge any lien which has priority over tl�is Security Instru�yient unless Borrawer: (a)
<br />agrees in wriling lo the paytne�at of the obligation secured by the lieu in a maiuier acceptable to I,ender; (b)
<br />contests in gc�c�d faith the lien by, or defends against enforcernent of the lien in, legal proceedings which in the
<br />Lender's opinion operate to prevent the enforcement c�f the lien; or (c) secures fmm the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien lo this Security Instrument. If' Lender determines thal any
<br />part of the Property is subject to a lien which may atlain prioriCy over this Security Instrument, Lender may give
<br />C�'r 2004-2010 Compliencc Sy�tcros, Inc. [IiOR-R49D - 2010,0337ft
<br />Consumcr Real Esinte - Sccurity In5lrument U1.203(i � � � Pege l of 5 www,compliancesyslett�s.com
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