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<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instniment") is made on January 25, 2011. The grantors are GLEN R
<br />GARTNER and TRACY L OVERSTREET GARTNER, HUSBAND AND WIFE, whose address is 516 W
<br />KOENIG ST, GRAND ISLAND, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the
<br />Person or Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not
<br />sign the Contract are explained further in the section titled Successors and Assigns Bound; Joi�rt and Several
<br />Liability; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790,
<br />Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of
<br />Grand Island, which is organized and existing under the laws of the United States of America and whose address
<br />is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"). GLEN R GARTNER and TRACY L
<br />OVERSTREET GARTNER have entered into a Contract with Lender as of January 25, 2011, under the terms of
<br />which Borrower may, from time to time, obtain advances not to exceed, at any time, a***MAXIMUM
<br />PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Twenty-�ve Thousand and
<br />00/100 Dollars (U.S. $25,000.00) ("Credit Limit"). Any party interested in the details related to Lender's
<br />continuing obligation to make advances to Borrower is advised to consult dixectly with Lender. If not paid earlier,
<br />the sums owing under Borrower's Contract with Lender will be due and payable on February 15, 2016. This
<br />Security Instrument secures to Lender: (a) the repayment of fhe debt under the Contract, with inYerest, including
<br />future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all other sums,
<br />with interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Protection of Lender's Riglits in the Property; and (c) the performance of Borrower's covenants and agreements
<br />under this Securiry Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the
<br />trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 516 W KOENIG ST, GRAND 1SLAND, Nebraska 68801
<br />Legal Description: THE WESTERLY TWENTY (20) FEET OF C,OT S�VEN (7) AND ALL OF LOT
<br />SIX (6), IN BLOCK ONE HUNDRED (100), RAILROAD ADDITION TO THE CITY OF GRAND
<br />ISLANll, HALL COUNTY, NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, aiid fixtures now or hereafter a part of the property. All replacements and additions sliall also be
<br />covered by this Security Instrument. All of the foregoing is referred to 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 Property 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 on 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, ordinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable final, -non-appealable judicial opinions.
<br />Cliarges; Liens. Borrower �shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Borrower shall promptly funlish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which lias priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment 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 />Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br />C�.� 2004-2010 Compliance Systems, Ina EE06-2F94 - 2010.03.378 .
<br />Consumer�Real Estate- Securitylnstrument DL2036 Page I of5 � _ www.wmpliancesystems.com
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