|
.��
<br />��
<br />��
<br />0 ��
<br />� �
<br />� .�
<br />B
<br />(n ��
<br />-�P ��
<br />v �
<br />��
<br />��
<br />��
<br />� °� �
<br />� � �
<br />8 � �
<br />�
<br />� �
<br />r o
<br />��
<br />O
<br />��
<br />`�
<br />\
<br />M
<br />�
<br />�
<br />r
<br />'d0
<br />ae
<br />C
<br />= A t7
<br />�2�
<br />a �
<br />� �
<br />O
<br />n�
<br />r— �-�
<br />ca �-_
<br />0
<br />� �
<br />rn
<br />�
<br />c:n =_
<br />--a
<br />r+�
<br />�
<br />o (� ?�
<br />-� .
<br />o �,. � _
<br />ri �
<br />o �T'�
<br />ie?
<br />^•-
<br />� c� cn
<br />o —�
<br />� C D
<br />� --i
<br />� � m
<br />00
<br />�
<br />3
<br />►—+
<br />O
<br />Clt
<br />0
<br />Q�
<br />��
<br />= m
<br />D c�
<br />r �
<br />r m
<br />tn
<br />�
<br />�
<br />cn
<br />C�
<br />(Space Abova This Line For Recording Data)
<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 ott July 1, 2011. The grantors are STEVEN P HEATH
<br />and GLENDA M HEATH, HUSBAND AND WII�'E, whose address is 4219 SUM117ER CIIt, GRAND ISLAND,
<br />Nebraska 68803-6514 ("Bonower"). 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 ritled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. Tb.e trustee is Arend R Baack, Attorney whose address is P.O. Bog 790, Grand Isiand, Nebraska
<br />68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand Island, which �s
<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"). STEVEN P HEATH and GLENDA M HEATH have entered
<br />into a Coniract with Lender as of July 1, 2011, under the terms of which Borrower may, from time to time, obtain
<br />advances not to exceed, at any time, a'�'"'�MAI�ZUM PRINCIPAL AMOiJNT (EXCLUDING
<br />PROTECTIVE A.DVANCE5)*** of Seven Thousand and 00/100 Dollars (U.S. $7,000.00) ("Credit Limit").
<br />Any pariy 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 />wi11 be due and payable on July 15, 2016, T1us Security Inshvment secures to I,ender: (a) the repayment of the
<br />debt under the Confract, with interest, including future advances, aud 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 Protectlon 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, Bonower, in consideration of the debt and the tavst herein created, irrevocably granfs and conveys to
<br />Trustee, in trust, with power of sa1e, the following described property Iocated in the COLTNTY of HALL, State of
<br />Nebraska:
<br />Address: 4219 SUMMER CIR, GRAND ISLAND, Nebraska 68803-6514
<br />Legal Description: LOT THII2TY-ONE (31), WESTROAD5 ESTATES FOURTH SUBDIVISION,
<br />HALL COUNTY,NEBRASKA
<br />TOGETHER WITH all the improvemenis now or hereafter erected on the property, and all easements,
<br />appurtenances, and fuctures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the faregoing is refened to in this Security 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 Properiy and tbat the Property 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 covena.nt and agree as follows:
<br />Payment of Frincipal 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 Contract.
<br />Applicable Law. As used in this Security Insttvment, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (thax 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 Instrument, and leasehold payments or gound rents, if any.
<br />At the request of Lender, Borrower shall promptly fusnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Securiry Instcvment 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 />I.ender'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 Instrumen� 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 Compliance Syatema, Inc. EEO&9ACE - 2010.03378
<br />Consumer Real Estate - Security Insmtment DL2036 Page 1 of 5 www.compliavc�systema.com
<br />O
<br />fV�
<br />O �
<br />��
<br />� �
<br />o �
<br />c1� �
<br />O �
<br />�
<br />� �
<br />� �
<br />�
<br />�
<br />� ,
<br />
|