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<br />(Space Above This Line For Recording Data)
<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 ("Security Instrument") is made on July 6, 2011. The grantor is MIGUEL A
<br />NAVARRETE, A SINGLE PERSON, whose address is 1731 N HUSTON AVE, GRAND ISLAND, Nebraska f'!J
<br />68803-2745 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Equity - ���
<br />Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are explained further in
<br />the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The
<br />trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee").
<br />The beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organized and existing
<br />under the laws of the Urrited States of America and whose address is 221 South Locust 5treet, Grand Island,
<br />Nebraska 68801 ("Lender"). MIGUEL A NAVARRETE has entered into a Contract with Lender as of July 6,
<br />2011, under the terms of which Bonower may, from time to time, obtain advances not to exceed, at any time, a
<br />���MAXIMUM PRINCIPAL AMOiTNT (EXCLUDING PROTECTIVE ADVANCES)*�� of Three
<br />Thousand Five Hundred and 00/100 Dollars (U.S. $3,500.00) ("Credit Limit"). Any party interested in the
<br />details related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with
<br />Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on
<br />July 15, 2016. This Securit}F Instrument secures to Lender: (a) the repayment of the debt under the Contract, with
<br />interest, including future advances, and all renewals, extensions and modifications of the Contract; (b) the payment
<br />of all other sums, with interest, advanced to protect the security of this Security Instrument under the provisions of
<br />the section titled ProtecHon of Lender's Rights in the Property; and (c) the performance of Bortower's
<br />covenants and agreements under this Security Instrument and the Contract. For this �rurpose, Borrower, in
<br />consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 1731 N HU5TON AVE, GRAND ISLAND, Nebraska 68803-2745
<br />Legal Description: LOT 111 IN WEST LAWN IN THE CITY OF GRAND ISLAND, HALL
<br />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 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 Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claim. and demands, subject to
<br />any encumbrances of record.
<br />Bonower 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 Coniract.
<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 taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrum���t 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 5ecurity Instrument. 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 />0 2004-20I0 Compliauce Systeros, Inc. EEOB-8740 - 2010.03378
<br />Cansumer Real Estate - Sec�uity Iactrument DL2036 Page ( of 5 www.compliancesystems.com
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