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<br />(PREAUTHORIZED (OPEN
<br />THIS DEED OF TRUST ("Security
<br />SCARBOROUGH and SUSAN E SC
<br />JOHN ST, GRAND ISLAND, Nebrasl
<br />Person or Persons who sign the Equity
<br />sign the Contract are explained further :
<br />Liability; Accommodation Signers. Tl
<br />Grand Island, Nebraska 68802 ("Trus1
<br />Grand Island, which is organized and e
<br />is 221 South Locust Street, Grand
<br />SUSAN E SCARBOROUGH have ent
<br />which Borrower may, from tune to ti
<br />PRINCIPAL AMOUNT (EXCLUDII�
<br />Dollars (U.S. $30,000.00) ("Credit Li�
<br />obligation to make advances to BorrowE
<br />owing under Borrower's Contract with I,�
<br />secures to Lender: (a) the repayment of
<br />all renewals, extensions and modificati
<br />advanced to protect the security of this S
<br />Lender's Rights in the Property; and
<br />Security Instrument and the Contract. Fc
<br />created, irrevocably grants and conveys
<br />located in the COUNTY of HALL, Stat
<br />;e Above This Line For Recording :
<br />DEED OF TRUST
<br />D) CREDIT - FUTUP
<br />THIS DEED OF TRU
<br />istrument") is made on Apri
<br />�RBOROUGH, HUSBAND
<br />� 68803-5920 ("Borrower"). B
<br />Line of Credit ("Contract"). '
<br />i the section titled Successors
<br />; trustee is Arend R. Baack, E
<br />e"). The beneficiary is Hqme
<br />isting under the laws of the Un
<br />sland, Nebraska 6880k ("Ler.
<br />red into a Contract with Lende
<br />ne, obtain advances nox to e
<br />i PROTECTIVE ADVANCI
<br />it"). Any parly interested in 1
<br />is advised to consult directly
<br />Zder will be due and payable or
<br />ie debt under the Contract, wi1
<br />ns of the Contract; (b) the p
<br />curity Instrument under the prc
<br />c) the performance of Borrow
<br />this purpose, Borrower, in cor.
<br />o Trustee, in trust, with power
<br />ofNebraska:
<br />ADVANCES ARE SECURED
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<br />I 4, 2011. The grantors are FRED L
<br />�ND WIFE, whose address is 1823 W �/ �
<br />�rrower is not necessarily the same as the ��
<br />he obligations of Borrowers who did not
<br />ind Assigns Bound; Joint and Several
<br />ttorney whose address is P.O. Bog 790,
<br />?ederal Savings & Loan Association of
<br />ted States of America and whose address
<br />ier"). FRED L SCARBOROUGH and
<br />- as of April 4, 2011, under the terms of
<br />:ceed, at any time, a ***MAXIMUM
<br />S)*** of Thirty Thousand and 00/100
<br />ie details related to Lender's continuing
<br />vith Lender. If not paid earlier, the sums
<br />April 15, 2016. This Security Instrument
<br />i interest, including future advances, and
<br />ryment of all other sums, with interest,
<br />risions of the section titled Protection of
<br />;r's cavenants and agreements under this
<br />�ideration of the debt and the trust herein
<br />of sale, the following described properly
<br />Address: 1823 W JOHN ST, G D ISLAND, Nebraska 68803 5920
<br />Legal Description: THE WEST S FEET (W6') OF LOT F UR (4) AND ALL OF LOT FNE (5),
<br />IN BLOCK FORTY-FOUR (44) CHARLES WASMER'S SE OND ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUN Y, NEBRASKA
<br />TOGETHER WITH all the improve ents now or hereafter erecte on the property, and all easements,
<br />appurtenances, and fixtures now or here fter a part of the properly. All replacements and additions shall also be
<br />covered by this Security Instrument. 1 of the foregoing is referre to in this Security Instrument as the
<br />"Property. °
<br />BORROWER COVENANTS that Borro er is lawfully seised of the es ate hereby c.onveyed and has the right to
<br />grant and convey the Properiy and th t the Property is unencumber d, except for encumbrances of record.
<br />Borrower warrants and will defend gene ally the title to the'Property a ainst all clauns and demands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and ae:
<br />Payment of Principal and Interest;
<br />interest on the debt owed under the C
<br />Applicable Law. As used in this
<br />applicable federal, state and local s
<br />the effect of law) as well as all appli
<br />as follows:
<br />Charges. Borrower shall pr�mptly pay when due the principal of and
<br />and late charges or any othe fees and charges due under the Contract.
<br />ity Instrument, the term "Ap li�
<br />�, regulations, ordinances and d
<br />final, non-appealable judicial o i
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<br />Law" shall mean all controlling
<br />rative rules and orders (that have
<br />Charges; Liens. Borrower shall pay a taxes, assessments, charges,
<br />Property which may attain piiority over 's Security Instrument, and lE
<br />At the request of Lender, Borrower shall romptly furnish to Lender rec
<br />Borrower shall promptly discharge any ]
<br />agrees in writing to the payment of thE
<br />contests in good faith the lien by, or de
<br />Lender's opinion operate to prevent the
<br />agreement satisfactory to Lender subord
<br />6 2004-2010 Compliance Systems, Inc. EEOB-EE16 - 2010.03378
<br />Consumer Real Estate - Security Instrument DL2036
<br />� and impositions attributable to the
<br />old paytnents or ground rents, if any.
<br />evidencing the payrnents.
<br />en which has priority over this Security Instrument unless Borrower: (a)
<br />obligation secured by the lie in a manner acceptable to Lender; (b)
<br />ends against enforcement of t e lien in, legal proceedings which in the
<br />enforcement of the lien; or (c secures from the holder of the lien an
<br />ating the lien to this Security trument. If Lender deternunes that any
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