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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 Instrument") is made on April 19, 2011. The grantors are C ROGER
<br />NELSON and LAVONNE R NELSON, HUSBAND AND WIFE, whose address is 403 PHESAN� IDP.IVE,
<br />GRAND ISLAND, Nebraska 68801 ("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 5avings & 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 5treet, Grand Island, Nebraska 68801 ("Lender"). C ROGER NELSON and LAVONNE R
<br />NELSON have entered into a Contract with Lender as of Apri119, 2011, under the terms of which Bonower may,
<br />from time to time, obtain advances not to exceed, at any time, a�"�*MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)**� of Thirty-five Thousand and 00/100 Dollars (LT.S.
<br />$35,000.00) ("Credit Limit"). Any party interested in the details related to L,ender's continuing 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 April 18, 2016. This Security Instrument secures to
<br />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 titlad Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this 5ecurity
<br />Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following descril�ed property located in
<br />the COUNTY of HALL, State of Nebraska:
<br />Address: 403 PHESANT DRIVE, GRAND ISLAND, Nebraska 68801
<br />Legal Description: 5EE ATTACHED EI��IT'A'
<br />TOGETHER WITH all the improvements now or hereafter erected on the properiy, and all easements,
<br />appurtena.nces, and fixtures now or hereafter a part of the property. All replacements and additipns shall also be
<br />covered by tlus 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 Pmperiy is unencumbered, except foT ancumbrances of record.
<br />Bonower warrants at}d will defend generally the title to the Property against all clauns aud 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. Bonower shall promptly pay when due the principal of and
<br />interest on the debt owed under tbe Contcact and late charges or any other fees and eharges 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, regularions, ordinances and adxninistrative rules and orders (that have
<br />the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />Charges; Liens. Borrawer shall pay all taxes, assessments, charges, fines and impoaitions attributable to the
<br />Properly which may attait� priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, 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 Borrower: (a)
<br />agrees in writing to tt�e payment of the obligation secured by the lien in a mauner acceptable to Lender; (b)
<br />contests in good faith the lien by, or defends against enforcement of the lien in, legal praceedings wluch 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 Properly is subject to a lien which may attain priority over this Security Instrument, I,ender may give
<br />� 2004-20t0 Compliance Systems, Inc. E�0&-tBF8 - 2010.03378
<br />Cousumer Real Estate - Security Iashvment AL2036 Page I of 5 www.compliaacaystems.com
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