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<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on June 28, 2011. The grantors are MICHAEL D
<br />ALDRIDGE and SHERYL A ALDRIDGE, HUSBAND AND WIF'E, whose address is 2003 N HUSTON AVE,
<br />GRAND ISLAND, Nebraska 68803 ("Bonower"). Borrower is not necessarily the same as the Person or Persons
<br />who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract
<br />aze explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation Signers. The hustee is Arend R Baack, Attorney whose address is P.O. Box 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Sav3ngs & Loan Association of Grand
<br />Island, wluch 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"). NIICHAEL D ALDRIDGE a.nd SHERYL A
<br />ALDRIDGE have entered ittto a Contract with I.ender as of June 28, 2011, under the tarms of which Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a***MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCE5)*** of Ten Thousand and 00/100 DoUars (U.S. $10,000.00)
<br />("Credit Limit"). 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 earlier, the sums owing under Borrower's Contract
<br />with Lender will be due and payable on July 15, 2016. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt under the Contract, with interest, including future 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 Inshument 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 trust herein created, ttxevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described properiy located in the COUNTY of
<br />HALL, 5tate of Nebraska:
<br />Address: 2003 N HUSTON AVE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOTS TWELVE (12) AND FOURTEEN (14) IN BI,OCK TWENTY-SIX (26)
<br />GILBERT'S THIRD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA,
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fiactures now or hereafter a part of the property. All replacements Rnd additions shall also be
<br />covered by this Security Inslrument. All of the foregoing is referred to in this Security Instrurnent as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has tlte right to
<br />grant and convey the Property and that the Property is unencumbered, except for enculnbrances af 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 Principal and Interest; Other Charges. Borrower sha11 promptly pay wheu 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 Law" 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 talces, assessments, charges, fines and impositions attributable to the
<br />Property which may attaan priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Bonower shall promptly furnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrutnent 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 />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 I.ender deterniines that any
<br />m 20042010 Compliance Systema, I�. EFA&6472 - 20t0.03378
<br />Cousumer Real Estate - Security Ivauument DL2036 Page 1 of 5 www.compliapcesystems.com
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