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<br />(5pace Ahqve This Line For Recording pala)
<br />llE�ll OF TRUST
<br />(PREAUTHOKIZED (ONEN END) CREUIT — FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUS1')
<br />T"HIS UHEU GH' '1'RUS'l' ("Security Inst�ument") is made on January 3, 2011. '1'he grantors are CALVIN G
<br />IIUBBARD and SAMANTHA .T HUBBARD, HUSBANll AND WIFE, whose address is 1905 W KOENIG ST,
<br />GRAND 1SLAND, Nebraska 6$$U3-5438 ("Borrower"). Borrower is not necessarily the sazrie as tlae Persox� or
<br />Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did noC sign the
<br />C;ontract are explained fiu�ther in the aection titled Success��rs xnd Assigns l3ound; Jofnt and Several Liabilily;
<br />Accommodal'ron Signers. The trustee is Arend R. Baack, Atlorney whose address is P.O. Box 790, Grand
<br />island, Nebraska 68802 ("Trustee"). Tlie beneficiary is Horne Federal Savings & Lnan Association of Grand
<br />Island, which is organized and exis�ing under the laws of the United States of Arnerica and whose address is 221
<br />South Lacust Street, Grand Island, Nebraska 68801 ("Lender"). CALVIN G HUBI3AItI) and SAMAN'I'HA .I
<br />HUBBARD l�ave entered into a Contract with Lender as of January 3, 2011, under the terms of which Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a***MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTEC"1'IVF AUVANCES)**'" of Twenty Tliousand and UU/lUU Dollars (U.S. $2,U,ODU.OU)
<br />("C:redit Limit"). Any party interested in the details related to Lender's contin�,iing obli�;ation to makc advanccs to
<br />13orrower is advi::ed to consult direetly witli Lender. If not paid earlier, the sums owing under Bc>rrc7wer's Contract
<br />with Lender will be due and payable or� January 15, 20](i. '1'his Sccurity Instrumeiit secures to I...ender: (a) the
<br />repayment of the debt wlder the ContracC, witli interest, including future advances, and all rcnewals, exlensions and
<br />madilications oF tlie Coz�tract; (b) fhe payment of all other sums, wiCh inLerest ?dvanced to protect the 5ecurity of
<br />tliis Security Instrument under the provisions of th� secCion titled Protection of l.,e�ader's lZights in the Property;
<br />and (c) tl�e perfor�nance of Borrower's covenants and agreeniezats under this Security Instrument and the Contract.
<br />For this purpose, Borrower, in consideration of the debt and the trus( herein created irrevocably grantti and
<br />conveys to Trustee, in trust, with p�>wer of sale, the following described property located in ihe COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 1905 W KOENIG ST, GRAND iSI.ANI), Nebraska ($803-_5438
<br />I.,egal Description: LO'1' ON�; (1), I3I�QCK EIGIITEEN (18), 1N CHARI�F.S WASMER'S ADDITIUN
<br />TO TIIE CITY OH Cl2ANU ISLAND, IiALL COUNTY, NH��3RASKA
<br />TOG�THER WITH all tlae improvements now or herea.fter erected on the property, and all easements,
<br />appurtenances, and fixturc;s now or hereafter a part of tl�e properly. All replacernea�ts and additions sliall also be
<br />covered by this Sccurity Instrument. All of the forcgoing is referred to in this Security Instrunient as the
<br />"Property."
<br />BORRqWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has tlie right to
<br />grant and convey the ProperCy and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants Znd will deiend generally the title to the Property agaiiist all claims and dea��and5, subject to
<br />at�y encurnbrances o1'recot'd. '
<br />Borrawer and Lender covenant and agree as follows:
<br />Payment of 1'rincipal and Interest; Other Charges. Borrower shall promptly pay when due the principal of and
<br />ir�terest on the debt owed under the Contract ax�d late charges or any other fees and charges due under the Cantract.
<br />Applicable Law. As used in this Security InsCrument, tlae term "Applicable Law" shall meax� all cc�ntrolling
<br />applicable federal, atate and local statutes, regulations, ordinances and adrnini�trative rules and orders (that have
<br />the effect ��£ law) as well as all applicable final, non-appealable judicial opinions.
<br />Cl�ar�es; Liens. Borrowcr shall pay atl taxes, assessments, charges, �nes and impositic�ns zttributable to the
<br />Property which may attain priority over this Security Instrucnent, and leasehold payments or �round rents, if any.
<br />At the request of Lender, Borrower shall promptly ftirnish to Lender receipts evidencing tl�e payment.s.
<br />Borrower shall promptly discharge any liez� whicli has priority over this Security Instrumenl unless Borrower: (a)
<br />agrees i�� writing to the payrnent of the obligation secured by lhe lien in a manner acceptable to Lender; (b)
<br />contests in good faith the lien by, or defends against enfarceme»t of the lieti in, legal proceedings which in lhe
<br />Lender's opittic�n operate to prevent the enforcement of the lien; or (c) secureti from the }�older of the lien an
<br />agreement satisfactory to Lender subordinating the lien to tltis Security lnstrument. If Lender de�ermines tl�at any
<br />parC of the Pro�erty is subject to a lien which may attain priority over this Security Instrun�ea�t, Lender may give
<br />h'1 :()��-2() I() C��III�)II:i11CC S}'S�Clnti. Inc'. I_E�)�����IC �- zOI �,()j.,$�K
<br />('nnsumer Itcal Eslxlc - Seauity Instrmncnt I7[.2036 Pagc I of 5 www.complianccsysfems.cUm
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