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<br />(Space Above This Liue For Recording Data)
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUS'1�
<br />THIS DEED OF TRUST ("Security Instrument") is made on May 9, 2011. The grantors are JEFFREY S j�
<br />ffiEGEL and LINDSEY E HIEGEL, HUSBAND AND WIFE, whose address is 603 N. CU5TER AVENUE, �(q '�
<br />GRAND ISLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons
<br />who sign the Equity - Line of Credit ("Contract"). The obligations of Bonowers 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 />5outh Locust Street, Grand Island, Nebraska 68801 ("Lender"). JEFT.REY S HIEGEL and LINDSEY E
<br />HIEGEL have entered into a Contract with Lender as of May 9, 2011, under the terms of which Borrower may,
<br />from time to time, obtain advances not to exceed, at any tune, a**'�MAXIMMiJM 1'RINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of Twenty Thousand and OO1100 Dallars (U.5. $20,000.00)
<br />("Credit Linnit"). 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 eazlier, the sums owing under Borrower's Coniract
<br />with Lender will be due and payable on June 15, 2016. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt under the Contract, with interest, including fiuture 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 irust herein created, irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 603 N. CUSTER AVENiTE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOTS 211-212 & 213 BELMONT ADDITION, SUITE NO. 1 APPLEWOOD
<br />CONDOMINIUM PROPERTY REGIME, ADDTTION TO THE CITY OF GRAND ISLAND HALL
<br />COUNTY,NEBRASKA.
<br />TOGETHER WITH aU the improvements now or hereafter erected on the property, attd 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 refened to in this Security InsMunent as the
<br />"Property."
<br />BORROWER COVENA�T'TS that Borrower is lawfully seised of the estate hereby conveyed and ha.s the right to
<br />grant and convey the Properly and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the ritle to the Property against all claims and demands, sub,ject 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 under the Contract.
<br />Applicable Law. As used in this Security Insmunent, the term "Applicable Law" shall mean all controlling
<br />applicable fedsral, 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, assessme�nts, charges, fines and imposltlons attributable to the
<br />Property which may attain priority over tlus Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, $orrower shall promptly furnish to Lender receipts evidencing tbe payments.
<br />Borrower shall promptly discharge any lien which has priority over this 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 Security Instrument. If Lender determines that any
<br />� 20042010 Compliance Systems, Inc. EEOB-SDB3 - 2010.03,378
<br />Covsumer Real Estete - Secmity Iqsuument AI.2036 Page 1 of 5 www.complianceaystema.com
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