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<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUS1�
<br />THIS DEED OF TRUST ("Security Instrument") is made on May 25, 2011. The grantors are GARY C
<br />ROSENBACH and SUSAN J ROSENBACH, husband and wife, whose address is 404 HWY 11, Dannebrog,
<br />Nebraska 68831-4006 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who,sign the
<br />Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are explained
<br />further in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. The trustee is Arend R Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska
<br />68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is
<br />organized and existing under the laws of the United States of America and whose address is 221 South Locust
<br />Street, Grand Island, Nebraska 68801 ("Lender"). GARY C ROSENBACH and 5USAN J ROSENBACH have
<br />entered into a Contract with Lender as of May 25, 2011, under the terms of which Borrower may, from time to
<br />time, obtain advances not to exceed, at any time, a�*�MAXIMITM PRINCIPAL AMOUNT (EXCLUDING
<br />PROTECTIVE ADVANCES)*�� of Twenty Thousand and 00/100 Dollars (U.S. $20,000.00) ("Credit Limit").
<br />Any party 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 Borrower's Contract with Lender
<br />will be due and payable on June 15, 2016. This Security Instrument secures to I.ender: (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 payment of all other sums, with interest, advanced to protect the security of this Security
<br />Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Contract. For this
<br />purpose, Borrower, in consideration of the debt and the irust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power .of sale, the following described property located in the COiJNTY of HALL, State of
<br />Nebraska:
<br />Address: 120 W ASHTON, GRAND ISLAND, Nebraska 68801
<br />Legal Description: THE SOUTH HALF OF LOT TEN (10), BLOCK T'WO (2), LAKEVIEW
<br />ADDITION TO THE CITY OF GRAND ISLAND, 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 Instrument. All of the foregoing is referred to in this 5ecurity 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 Property is unencumbered, except for encumbrances of record.
<br />Borrower wa.rrants and will defend generally the title to the Properiy 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 under the Contract.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable La.w" 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. Borrower shall pay all taxes, assessments, chazges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instiument, and leasehold payments or ground rents, if any.
<br />At the request of I,ender, Borrower shall promptly furnish to Lender receipts evidencing the paytnents.
<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 enforeement 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 Insmament. If Lender determines that any
<br />part of the Properly is subject to a lien which may attain priority over this Security Instrument; Lender may give
<br />� 2004-2010 Complimmce Systems, Inc. EEOH-DC6A - 2010.03378 �
<br />Consumer Real Estate - Security Insttument DL2036 Page 1 of 5 www.compliencesystems.com
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