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<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY TffiS DEED OF TRUS1�
<br />THIS DEED OF TRUST ("Security Insirument") is made on August 3, 2011. The grantors aze BENNETT R
<br />MURPHY JR and JUDITH A MURPHY, HUSBAND AND WITE, whose address is 2309 E STOLLEY
<br />PARI� RD, GRAI�TD ISLAND, Nebraska 68801-1208 ("Borrower"). Borrower is not necessarily the same as the
<br />Person or Persons who sign the Equity - Line of Credit ("Contract"). The obligations of Borrowers who did not
<br />sign the Coniract are explained furkher in the section titled Successors and Assigns Bound; Joint and Several
<br />Liability; Accommodation Signers. The ttustee is Arend R Baack, Attorney whose address is P.O. Boz 790,
<br />Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of
<br />Grand Island, which is organized a.nd existing under the laws of the United States of America and whose address
<br />is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"). BENNETT R MURPHY JR and
<br />JiJDTI'H A MURPHY have entered into a Contract with Lender as of August 3, 2011, under the terms of which
<br />Borrower may, from time to time, obtain advances not to exceed, at a.ny time, a*��MA�XIlVIUM PRINCIPAL
<br />AMOiJNT (EXCLUDING PROTECTIVE ADVANCES)*'�'� of Eighteen Thousand and 00/100 Dollars (LT.S.
<br />$18,000.00) ("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make
<br />advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Bonower's Contract with Lender will be due and payable on August 15, 2016. This Security Insriument 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 Bonower's covenants and agreements under this Security
<br />Instrument aad the Contract For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COIJNTY of HALL, State of Nebraska:
<br />Addsess: 2309 E STOLLEY PARK RD, GRAND ISLAND, Nebraska 68801-1208
<br />Legal Description: LOT FOUR (4), IN SANDY BEACH SUBDIVI5ION, HALL COLTNTY,
<br />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 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 Property is unencumbered, except for encumbrances of record.
<br />Borrower wanants 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 />Bonower 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 L,ender 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 this Security Instrument,.Lender may give
<br />� 2004-2010 Compliaace Systems, Inc. EEOB-176C - 2010.03.378
<br />Coesumer Real Eatate - Sec�uity I�vument DL2036 Page 1 of 5 www.compliancesystems.com
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