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<br />DEED OF TIZUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DE�D OF TRUST ("Security Instrument") is made on January 25, 201L The grantors are KEN B
<br />MOFFETT and SU Z MOFFE'TT, HUSBANll ANll WIFE, whose address is 1422 S SYLVAN, GRAND
<br />ISLAND, Nebraska b8801 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign
<br />the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are
<br />explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand
<br />Islaud, which is organized and existing under the laws of the United States of America and whose address is 221
<br />South Locust Street, Grand Island, Nebraska 68801 ("Lender"). KEN B MOFFETT and SU Z MOFFETT
<br />have entered into a Contract with Lender as of January 25, 2011, under the terms of which Borrower may, from
<br />time to time, obtain advances not to exceed, at auy time, a*r*MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*�� of Sixty-four Thousand and 00/100 llollars (U.S.
<br />$64,000.00) ("Credit Limit Auy party interested in the details related to Lender's coutinuing obligation to make
<br />advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due and payable on February 1_5, 2016. This Securiry Instrument secnres
<br />to Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and all
<br />renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection of Le�►der's
<br />Rights iu the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and tl�e trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described properry located in
<br />the COUNTY of HALL, State of Nebraska:
<br />Address: 1422 S SYLVAN, GRAND ISLAND, Nebraska 68801
<br />Legal Description: TfIE SOUTHERLY FORTY-SEVEN (47} FEET OF THE EASTERLY ONE
<br />HUNDRED THIRTY-TWO (132) FEET OF BLOCK TWELVE (12) IN PLEASANT HOME
<br />SUBDIVISION OF A PART OF THE EAST HALF OF THE SOUTHEAST QUARTER (E 1/2 SE1/4)
<br />OF SECTION TWENTY-ONE (21), TOWNSHIP ELEVEN (11) NORTH, RANGE N1NE (9) WEST
<br />OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA; AND THE NOIZTHERLY FORTY-
<br />SEVEN(47) FEET OF THE SOUTH NINETY-FOUR (94) FEET OF THE EAST ONF. HUNDRED
<br />�� TI��IRTY-TWO (132)FEET OF THE SOUTH HALF �(Sl/2)OF BLOCK TWELVE (12) IN
<br />PLEASANT HOME SUBDNISION OF A PART OF THE EAST HALF OF �'fIE 50UTHEAST
<br />QUARTER (E1l2SE1-4) OF SECTION 'TWENTY-ONE (21), TOWNSHIP ELEVF.N
<br />(11)NORTH,RA.NGE NINE (9)WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. A11 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 tlie 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 Properry 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" sha11 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 />C9 2004-2010 Compliance Systems, Inc. EE06-2FSE - 20I0.03378
<br />Consumer Real Estate - Security Instrument DL2036 Page 1 of 5 www.compliancesystems.com
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