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<br />(Space Above Tiiis Line For Recording Data}
<br />DEED OF TRUST
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<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCE5 ARE SECURED
<br />BY THIS DEED OF TRUS1�
<br />THIS DEED OF TRUST ("Security Instrument") is made on April 25, 2011. The grantors aze DENNIS M
<br />WALZ and TAMNd1' L WALZ, HUS�?,1�TID ANID WIFE, whose address is 4213 SUMMER CIR, GRAND
<br />ISLAND, Nebraska 68803-6514 ("Borrower"). Bonower is not necessarily the same as the Person or Persons who
<br />sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are
<br />explained fiuther in the section tifled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation Signers. The trustee is Arend R Baack, Attorney whose address is P.O. Boz 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Saviings & 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"). DENNIS M WALZ and TAMMY L WALZ
<br />have entered into a Contract with Lender as of Apri125, 2011, under the terms of which Borrower may, from time
<br />to time, obtain advances not to exceed, at any time, a*�"�MAI�IIMUM PRINCIPAL AMOUNT (EXCLUDING
<br />PROTECTIVE ADVANCES)��* of Fifteen Thousand and 00/100 Dollars (U.S. $15,000.00) ("Credit Limit").
<br />Any pafiy interested in the details related to Lender's continuing obligation to make advances to Borrower is
<br />advised to consult directly with Lender. If not paid earlier, the sums owing under Bonower's Contract with Lender
<br />will be due and payable on May 15, 2016. This Security Instrument secures to Lender. (a) the repayment of the
<br />debt under the Contract, with interest, including future advances, and all renewals, extensions and modifications of
<br />the Contract; (b) the paymant of all other su,ms, with interest, advanced to protect the security of this Security
<br />Inst�vment under the provisions of the section titled Protecl3on of Lender's Rights 3n the Property; &nd (c) the
<br />performance of Borrower's covena�ts and agreements under this Security Instrument and the Conlrac� For this
<br />purpose, Borrower, in consideration of the debt and the trust herein created, urevocably grants and conveys to
<br />Trustee, in trust, with power of sa1e, the following described property located in the COUNTY of HAI;L, Sta.te of
<br />Nebraska:
<br />Address: 4213 SUMMER CIIt, GRAND ISLAND, Nebraska 68803-6514
<br />Legal Description: LOT THIIZTY-TWO (32), WESTROADS E5TATES FOURTH SUBDIVISION,
<br />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 Instrumen� All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Boaower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Properiy and that the Properly is unencumbered, except for encumbrances of record.
<br />Bonower 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. Bonower 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 Coniract.
<br />Applicable Law. As used in this Security Instrument, the �term "Applicable Law" shall mean all conirolling
<br />applicable federal, state and local statutes, regrulations, 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 shall pay all taxes, assessments, charges, fines and impositions attnbutable 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 fumish to Lender recoipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over thia 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 5ecurity 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 Complience Syatema, Inc. EHOB-CA82 - 2010.03378
<br />Coasumer Real Eatete - S�arity Ineavment DL2036 Paga 1 of S www.compliavicesyatems,com
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