|
_—
<br />.--
<br />��
<br />��
<br />�
<br />B �
<br />� ��
<br />� �
<br />0
<br />W ��
<br />� ��
<br />� �
<br />��
<br />���
<br />���
<br />��
<br />�
<br />��
<br />�
<br />� 3
<br />, � �� �
<br />�
<br />�
<br />�
<br />�
<br />�
<br />�
<br />� �
<br />� � 6�1
<br />� �
<br />�
<br />� : c� cn
<br />a �� `''' o -i O
<br />;C � r r 3 z--a N
<br />7- r'�, � { � � C3
<br />�
<br />�i � o � . . _ O Q ►--e
<br />P� �:. � T �
<br />P ��
<br />c� _
<br />rn
<br />� � D Cn O
<br />o � � �'" �
<br />�� r'" D CJ
<br />' o � '. 3 p-�+ 7�[ -C
<br />O � ''� D
<br />�-c� S � �... � �
<br />rn i, � �
<br />a ;„_ � �
<br />(Space Above This Line For R�ording Data)
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY TffiS DEED OF TRUS1�
<br />THIS DEED OF TRUST ("Security Instrument") is made on April 23, 2011. The grantors are JOHN R
<br />WARNER and SANDRA J WARNER, HUSBAND AND WITE, whose address is 1310 W KOEPTIG ST,
<br />GRAND ISLAND, Nebraska 68801-5750 ("Bonower"). Bonower is not necessarily the same as the Person or
<br />Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Bonowers who did not sign the
<br />Contract aze explained fiuther in the section titled Successors and Assigns Bound; Joint and 5everal Liability;
<br />Accommodation 5igners. The trustee is Arend R Baack, Attorney whose address is P.O. Boz 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal5avings & Loan Association of Grand
<br />Island, which is organized and eusting under the laws of the United States of America and whose address is 221
<br />South Locust Street, Grand Island, Nebraska 68801 ("L,ender"). JOHN R R'ARNER and SANDRA J
<br />WARNER have entered into a Contract with Lender as of April 23, 2011, under the terms of which Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a***MA7�IIMUM PRINCIPAL AMOIJNT
<br />(EXCLUDING PROTECTIVE ADVANCES)��* of Forty-five Thousand and 00/100 Dollars (U.S.
<br />$45,000.00) ("Credit Limit"). Any party interested in the details related to Lender'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 May 15, Z016. 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 Conlract; (b) the payment of a11 other sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br />Rights in the Property; aad (c) the performance of Bonower's covenants and agreements under this Security
<br />Instrument and the Contrac� 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 described property located in
<br />the COUNTY of HALL, State of Nebraska:
<br />Address:1310 W KOErTIG ST, GRAND ISLAND, Nebraska 68801-5750
<br />Lega1 Description: LOT NINE (9), IN BLOCK THR�E (3), IN ELM PLACE, AN ADDTI'ION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />TOGETHER WITH a11 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 Instivment as the
<br />"Property.° '
<br />BORROWER COVENANTS that Borrower is lavvfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Properiy 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 charges due uader 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. Bonower sha11 p�y all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which ma.y attain 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 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 subordina.ting the lien to this Security Instrument. If Lender determines that any
<br />part of the Property is subject to a lien which ma.y attain priority over this Security Instcvment, Lender may give
<br />� 2004-2010 Compliance S}stema, I�. EEO&3158 - 2010.03378 '
<br />Conaumm� Real Hstate - Security Ivatrament DL2036 � Page 1 of 5 www.wmp�iancesystema.com
<br />S�
<br />Z 5 - �
<br />
|