|
�
<br />��
<br />��
<br />.��.
<br />N �
<br />0 �
<br />0
<br />N ��
<br />� —
<br />B =
<br />��
<br />���
<br />��
<br />�
<br />� �;
<br />fa �
<br />�
<br />� �
<br />S�
<br />ro
<br />�
<br />�
<br />i�
<br />�
<br />C
<br />n Z
<br />^ N N
<br />7C =
<br />_ �
<br />A
<br />��
<br />x�
<br />D
<br />r �
<br />� '''-'
<br />� � �_�..
<br />rn
<br />�
<br />�
<br />�
<br />rn
<br />�
<br />o ��';��
<br />O r ":__
<br />� �
<br />m
<br />v
<br />�
<br />�
<br />�-_,
<br />�
<br />�3
<br />�
<br />�
<br />C'V
<br />C.�J
<br />�
<br />�
<br />t—�
<br />i--�
<br />�
<br />�
<br />c3 v:
<br />o --�
<br />C D
<br />z �
<br />��
<br />� c
<br />O �?
<br />� �
<br />z rn
<br />n m
<br />r �
<br />r n
<br />cr�
<br />�
<br />n
<br />�
<br />v�
<br />(Space Above This Line For Recording Data)
<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 Instrument") is made on March 15, 2011. The grantors are GREG A
<br />SANCHEZ and MARTHA F SANCHEZ, HUSBAND AND WIFE, whose address is 1128 SAGEWOOD DR,
<br />GRAND ISLAND, Nebraska 68803 ("Borrower"). Bonower is not necessarily the same as the Person or Persons
<br />who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract
<br />are 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 />Island, 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"). GREG A SANCHEZ and MARTHA F
<br />SANCHEZ have entered into a Contract with Lender as of March 15, 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 PROTECTIVE ADVANCES)*** of Twenty Thousand and 00/100 Dollars (U.S. $20,000.00)
<br />("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make advances to
<br />Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract
<br />with Lender will be due and payable on April 15, 2016. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions and
<br />modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of
<br />this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property;
<br />and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Contract.
<br />For this purpose, Borrower, 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 the COiJNTY of
<br />HALL, State of Nebraska:
<br />Address: 1128 SAGEWOOD DR, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT ONE HUNDRED THIRTl' SEVEN (13'n, LARUE SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, 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 Insm�ment. All of the foregoing is referred to in this Secwity Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Bonower 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 chazges 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 />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 payments or ground rents, if any.
<br />At the request of Lender, Borrower shall promptly fizrnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payrnent 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 />part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give
<br />� 2004-2010 Compliance Systems, Iuc. EEOB-FD02 - 20t0.03378
<br />Consumer Real Estate - Security Instrumeut DL2036 Page 1 of 5 www.complisucesystems.com
<br />O
<br />[V
<br />0
<br />F--'
<br />F-�
<br />0
<br />N
<br />N
<br />co
<br />0
<br />f�
<br />Z
<br />�
<br />v
<br />�
<br />�
<br />�
<br />C
<br />�
<br />�
<br />��
<br />�S" .--
<br />
|