|
.�
<br />��
<br />��
<br />��
<br />N �
<br />0 �
<br />� ��
<br />0
<br />� —
<br />0 �
<br />�
<br />C)'1 ��
<br />�
<br />��
<br />��
<br />�
<br />—
<br />��
<br />��
<br />�
<br />�
<br />�:';
<br />�
<br />�
<br />�
<br />�
<br />�
<br />� ��
<br />� ��
<br />� I a
<br />�
<br />� � 7
<br />� �
<br />�,
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />T�
<br />r`— r -
<br />r �-�
<br />�) �' , '
<br />O c'... _
<br />rn
<br />� i` . .
<br />� .�_ .
<br />�
<br />r>t
<br />�
<br />� ,, , b
<br />��
<br />O ' '-
<br />i •,, �,
<br />rn c,�
<br />o S ��
<br />�
<br />.-�
<br />u�a
<br />c,
<br />�
<br />E--+
<br />C37
<br />�
<br />�
<br />H
<br />O
<br />N
<br />U't
<br />n G7
<br />O
<br />C D
<br />Z --i
<br />--i m
<br />� O
<br />o �
<br />�'t �
<br />2 rr�
<br />� ��
<br />r �
<br />r" n
<br />�
<br />U �
<br />�
<br />Cn
<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 August 3, 2011. The grantors are KEVIN G
<br />WATSON and KIM WATSON, HUSBAND AND WIFE, whose address is 3115 BI50N COURT, GRAND
<br />ISLAND, Nebraska 68803-6548 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br />sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the Contract are
<br />explained fizrther in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation Signers. The trustee 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"). KEVIN G WATSON and KIM WATSON
<br />have entered into a Contract with Lender as of August 3, 2011, under the terms of which Borrower may, from time
<br />to time, obtain advances not to exceed, at any time, a**�MAXIMUM PRINCIPAL AMOIJNT (EXCLUDING
<br />PROTECTIVE ADVANCES)k�'* of Twenty Thousand and 00/100 Dollars (U.S. $20,000.00) ("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 August 15, 2016: This 5ecurity Instrument secures to Lender: (a) the repayment of the
<br />debt under the Contract, with interest, including future 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 />Instrument under the provisions of the section titled Protection 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, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located in the COiJNTY of HALL, State of
<br />Nebraska:
<br />Address: 3115 BISON COURT, GRAND ISLAND, Nebraska 68803-6548
<br />Legal Description: LOT TWENTY (20) INDIANHEAD SEVENTH 5UBDIVISION, IN THE CITY
<br />OF GRAND ISLAND, HALL 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 Iristrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Properly."
<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 that the Properiy is unencumbered, except for encumbrances of record.
<br />Bonower 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 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 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 Instrument 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 Lender determines that any
<br />part of the Property is subjeet to a lien which may attain priority over this Security Instrument, Lender may give
<br />� 2004-ZOtO Compliance Systems, Inc. EEOB-C907 - 2010.03.378
<br />Congumer Real Estate - Security IvstrumeM DL2036 Page I of 5 www.compliencesystems.com
<br />O
<br />PU
<br />O
<br />F—+
<br />F--d
<br />O
<br />rn
<br />O
<br />�
<br />CJ'!
<br />P"
<br />, r
<br />�,
<br />:�;
<br />�
<br />� I
<br />
|