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<br />DEED OF TRUST
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<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("5ecurity Instrument") is made on June 28, 2011. The grantors are BRAD J WOLFE
<br />and DENISE L WOLFE, HUSBAND AND WIFE, whose address is 4028 W. FAIDLEY AVE, GRAND
<br />ISLAND, Nebraska 68803 ("Bonower"). Borrower is not necessarily the same as the Person or Persons who sign
<br />the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are
<br />explained further in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation Signers. The irustee 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 />South Locust Street, Grand Island, Nebraska 68801 ("Lender"). BRA.D J WOLFE and DENISE L WOLFE
<br />have entered into a Contract with Lender as of June 28, 2011, under the terms of which Borrower may, from time
<br />to time, obtain advances not to exceed, at any time, a***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING
<br />PROTECTIVE ADVANCES)*** of Ten Thousand and 00/100 Dollars (U.S. $10,000.00) ("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 July 1S, 2016. This Security Insmiment secures to Lender: (a) the repayment of the
<br />debt under the Coniract, with interest, including fuhue 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 />Instrurnent under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the
<br />performa.nce 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 trust herein created, irrevocably grants and conveys to
<br />Trustee, in irust, with power of sale, the following described property located in the COiJNTY of HALL, 5tate of
<br />Nebraska:
<br />Address: 4028 W. FAIDLEY AVE, GRAND ISLAND, Nebraska 68803
<br />Legal Description: LOT SEVEN (� WESTWOOD PARK FOURTH SUBDIVISION IN THE CITY
<br />OF GRAND ISLAND HALL COUNTY NEBRASKA.
<br />TOGETHER WITH all the 'vnprovements 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 tlus 5ecurity Instrumettt as the
<br />"Property."
<br />BORROWER COVENANTS that Barrower is lawfully seised of the estate hereby conveyed and has the right to
<br />gant and convey the Properiy and that the Property is unencumbered, except fot encumbrances of record.
<br />Borrower warrants and will defend generally the title to tbe Property against all claims aud 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 ather fees and chaxges due under the Contract.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall meatt all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrarive rulss 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 ta�ces, assessments, charges, fines and impositions atkributable to the
<br />Property wluch may attain priority over this Security InstruYnent, and leasehold payments or grouttd rents, if any.
<br />At the request of Lender, Borrower shall promptly fizrnish ta Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrum�t unless Bortower: (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 />part of the Property is subject to a lien which may attain priority over ttus Security Insttument, Lender may give
<br />� 2004-20t0 Compliance Systems, Iac. EEOB-639F • 20t0.03.378
<br />Consumer Real Estate - Security Instrument DL2036 Page I of 5 www.compliaacesystews.com
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