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<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST) ,Z S
<br />THIS DEED OF TRUST ("Security Instrument") is made on February 24, 2011. The grantors are STEVEN R
<br />HAMELOTH, a/k/a STEVEN HAMELOTH, and CONSTANCE D HAMELOTH, HUSBAND AND WIFE,
<br />whose address is 1415 STAGECOACH RD, GRAND ISLAND, Nebraska 68801-7374 ("Borrower"). Borrower
<br />is not necessarily the same as the Person or Persons who sign the Equity - Line of Credit ("Contract"). The
<br />obligations of Borrowers who did not sign the Contract are explained further in the section titled Successors and
<br />Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend R Baack,
<br />Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home
<br />Federal Savings & Loan Associarion of Grand Island, which is organized and existing under the laws of the
<br />United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"). STEVEN R HAMELOTH and CONSTANCE D HAMELOTH have entered into a Contract with
<br />Lender as of February 24, 2011, under the terms of which Borrower may, from time to time, obtain advances not
<br />to exceed, at any time, a***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE
<br />ADVANCES)*** of Ten Thousand One Hundred and 00/100 Dollars (U.S. $10,100.Q0) ("Credit Limit"). Any
<br />party interested in the details related to Lender's continuing obligation to make advances to Borrower is advised to
<br />consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender will be
<br />due and payable on March 15, 2016. This Security Instrument secures to Lender: (a) the repayment of the debt
<br />under the Contract, with interest, including future advances, and all renewals, extensions and modifications of the
<br />Contract; (b) the payment of all other sums, with interest, advanced to protect the security of this Security
<br />Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Contract. For this
<br />purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located in the COUNTY of HALL, State of
<br />Nebraska:
<br />Address: 1415 STAGECOACH RD, GRAND ISLAND, Nebraska 68801-7374
<br />Legal Description: VILLA NO. 4 IN FAIRWAY VILLAS CONDOMINIUM PROPERTY REGIME
<br />I, GRAND ISLAND, HALL COLTNTY, 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. All of the foregoing is referred to in this Security Insm�ment as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the rig�t 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 Properiy against all claims and demands, subject to
<br />any encumbrances of record.
<br />Borrower and I,ender 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 />Charges; 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 paylnents or ground rents, if any.
<br />At the request of I.Ender, Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Bonower: (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 />� 2004-2010 Complimce Systems, Inc. EEOB-3COA - 2010.03.378
<br />Cousuma Real Estate - Security Instrumrnt DL2036 Page 1 of 5 www.compliaecesystems.wm
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