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<br />(Space Above This Line For Rec:ording Data)
<br />DEED 4F TRUST
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<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVA1oTCES ARE SECLJRED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made oii June 24, 2011. The grantors are SANTINO R
<br />1!'[ARTINEZ and ERIN E MARTINEZ, HUSBAND AND WIFE, whose address'is 4183 INDIANHEAD RD
<br />GRAND ISLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily
<br />the same as the Yerson or Persons who sign the Equity - Line of Credit ("Contract"). The obligations of
<br />Borrowers who did not sign the Contract are explained further in the seclion titled Successors and Assigns
<br />Bound; Joint and Several Liabitity; Accommodation Signers. The trustee is Arend R. Baack, Attorney whose
<br />address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings
<br />& Loan Association of Grand Island, wliich is organized and existing under the laws of the United States of
<br />America and whose address is 221 South Locust Street, Grand Island, Nebraska 68$O1 ("Lender"). SANTINO
<br />R MARTINEZ and ERIN E MARTINEZ have entered into a Contract with Lender as of June 24, 2011, under
<br />the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />�`��nZAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)** ` of Forty
<br />Thousand and 00/100 Dollars (U.S. $40,000.00) ("Credit Limit"). Any party interested in the details related to
<br />Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br />paid earlier, tl�e sums owing under Borrower's Contract with Lender will be due and payab(e on July 15, 2016.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest,
<br />including future advances, and all renewals, extensiotis and modifications of the Contract; (b) the payinent of all
<br />other sums, witfx interest, advanced to protect the security of this Sect�rity Instrument under the provisions of the
<br />section titled Protection of Lender's Rights in the Propei•ty; and (c) the performance of Borrower's covenants
<br />and agreeinents under this Security Instnmient and the Contract. For this purpose, Borrower, in consideration of
<br />the debt and tl�e trust herein created, inevocably grants and conveys to Trustee, in t� with power of sale, the
<br />following described property located in the COUNTY of IiALL, State of Nebraska:
<br />Address: 4183 INDIANHEAD RD AND 416 BEACHWOOD DR, GRAND ISLAND, Nebraska 68803
<br />Legal Description: PARCEL (1) LOT ONE (1), INDIAN�IEAD SECOND SUBDIVISION TO THE
<br />CITY OF GRAND ISLAND, I�ALL COUNTY, NEBRASKA
<br />PARCEL (2): LOT EIGHT (8) IN WESTWOOD PARK EIGHTH SUBDIVISION IN T��E CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appttrtenances, and fixtures now or hereafter a part of the property. All replacexnents and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is law#'ully 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 Cl�arges. Borrower shall promptly pay when due the principal of and
<br />interest on the debt owed uuder the Contract and late charges or any other fees and charges due under tl�e Contract.
<br />Applicable Law. As used in this Security Instrument, the tenu "Applicable Law" shall mean all contralling
<br />applicable federal, state and local statutes, regulations, ordiiiances and administrative rules and orders (tliat 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, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instniment, and leaseliold payments or ground rents, if airy.
<br />At tl�e request of Lender, Borrower sl�all promptly furnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instntment unless Borrower: (a)
<br />agrees in writing to tlie payment of the obligation secured by the lien iu a manner acceptable to Lender; (b)
<br />contests in good faith the lien by, ar defends against enforcement of the lien in, legal proceedings which in flie
<br />Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br />�i.� ?OOa '_01 U Compli�ue Systems, Inc. EEOE3-{770 -?010.03378
<br />Consumer Real Estate - Securit}' Instrument DL3036 Page t of 5 u•�+tiv.compliances�stems.com
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