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<br />(Space Above This Line For Recording Data)
<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 July 13, 2011. The grantors aze KENNETH L
<br />PARTRIDGE and ANNETTE M PARTRIDGE, HUSBAND AND WII�E, whose address is 905-911 S
<br />SYCAMORE ST, GRAND ISLAND, Nebraska 68801-7958 ("Borrower"). Borrower is not necessarily the same
<br />as the Person or Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did
<br />not sign the Contract are explained further in the section titled Successors and Assigns Bound; Joint and
<br />Several Liability; Accommodation Signers. The tcustee is ("Trustee"). The beneficiary is Home Federal
<br />Savings & Loan Association of Grand Island, which is organized and existing under the laws of the United
<br />States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender").
<br />KENNETH L PARTRIDGE and ANNETTE M PARTRIDGE have entered into a Contract with Lender as of
<br />July 13, 2011, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any
<br />time, a'�'��MAXIIVIUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)**'� of
<br />Forty Thousand and 00/100 Dollars (LJ.S. $40,000.00) ("Credit Limit"). Any party interested in the details
<br />related to Lender's continuing obligation to make advances to Bonower is advised to consult directly with Lender. .
<br />If not paid earlier, the sums owing under Bonower's Contract with Lender will be due and payable on July 15,
<br />2016. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest,
<br />including future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all
<br />other sums, with interest, advanced to protect the security of this Security Instrument under the provisions of the
<br />section titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants
<br />and agreements under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of
<br />the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the
<br />following described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 905-911 S SYCAMORE ST, GRAND ISLAND, Nebraska 68801-7958
<br />Legal Description: PART OF THE NORTHWEST QUARTER (NWl/4) OF SECTION TWENTY-
<br />TWO (ZZ), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M.,
<br />HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS: COMMENCING AT
<br />THE SOUTHEASTERLY CORNER OF THE SAID INTER5ECTION OF PHOENIX AND
<br />SYCAMORE STREETS IN GRAND ISLAND, HALL COUNTY, NEBRASKA, THENCE RUNNING
<br />EASTERLY UPON THE SOUTH BOUNDARY LINE OF PHOENIX STREET A DISTANCE OF
<br />125 FEET TO THE ALLEY, THEN SOUTHERLY ALONG AND UPON THE WE5T BOUNDARY
<br />LINE OF SAID ALLEY A DISTANCE OF 108 FEET, THENCE RUNNING WEST PARALLEL TO
<br />THE NORTH BOUNDARY LINE AFORESAID A DISTANCE OF 125 FEET TO THE EAST
<br />BOUNDARY LINE OF SYCAMORE STREET, THENCE RUNNING NORTH ALONG AND UPON
<br />THE EAST BOUNDARY LINE OF SYCAMORE STREET 108 FEET TO THE PLACE OF
<br />BEGINNING
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixttues now or hereafter a part of the property. All replacements and addirions shall also be
<br />covered by this Security Instrument. All of the foregoing 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 Property and that the Properly is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the ritle 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 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 Contract.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable I.aw" 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 />O 2004-2010 Compiience Syatems, Inc. EEO&DOAO - 2010.03378
<br />Consumer Real Estate - Security Inshument DL2036 Page 1 of 5 www.compliancesystems.com
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