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<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUS'1�
<br />THIS DEED OF TRUST ("Secu.rity Instrument") is made on July 29, 2011. The grantors are GARY EDWARD
<br />SHOVLAIN and LINDA DIANE SHOVLAIN, HUSBAND AND WIFE, whose address is 2211 RIVERSIDE
<br />DRIVE, GRAND ISLAND, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the Person or
<br />Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not sign the
<br />Contract are explained further 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. Boz 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Associahon of Grand
<br />Island, which is organized and existing under the laws of the United States of America and whose address is 221
<br />5outh Locust Street, Grand Island, Nebraska 68801 ("Lender"). GARY EDWARD 5HOVLAIN and LINDA
<br />DIANE SHOVLAIN have entered into a Contract with I,ender as of July 29, 2011, under the terms of which
<br />Borrower may, from time to time, obtain advances not to exceed, at any time, a'�**MAXIMiTM PRINCIPAL
<br />AMOUNT (EXCLUDING PROTECTIVE ADVANCES)'�*'� of Eighty-five Thousand and 00/100 Dollars
<br />(LT.S. $85,000.00) ("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to
<br />make advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due and payable on August 15, 2016. This Security Instrument secures to
<br />Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and all
<br />renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Coniract. For this purpose, Bonower, in consideration of the debt and the trust herein created,
<br />irrevocably grants a.nd conveys to Trustee, in trust, with power of sale, the following described properly located in
<br />the COIJNTY of HALL, State of Nebraska:
<br />Address: 2211 RIVERSIDE DRIVE, GRAND ISLAND, Nebraska 68801
<br />Legal Description: SEE ATTACHED EI��IT'A'
<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 />"Properly."
<br />BORROWER COVENAN'fS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Properiy 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 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. Bonower shall prompfly pay when due the principal of and
<br />interest on the debt owed under the Conlract and late charges or any other fees and charges due under the Contract.
<br />Applicable Law. As used in this Security Inst�ument, the term "Applicable Law" shall meau 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 imposit�ons 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 accaptable 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 determines that any
<br />part of the Property is subject to a lien which may attain priority over this Security Instruinent, Lender may give
<br />3� �v�
<br />� 2004-2010 Complience Syatems, Inc. EEOB-OBOA - 2010.03378
<br />Consumer Real Eatete - Secucity Instrument DL2036 Page 1 of 5 www.coraptiaacesystema.com
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