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<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instivment") is made on August 19, 2011. The grantors ar JOSEPH R
<br />KOVARIK and WII.MA L KOVARIK, husband and wife, whose address is 4427 CALVIN DR, GRAND
<br />ISLAND, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the Person or Pe ons who sign
<br />the Equity - Line of Credit ("Contract"). The obligations of Bonowers who did not sign th Contract are
<br />explained further in the section titled Successors and Assigns Bound; Joint and Seve al Liability;
<br />Accommodation Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Bo 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Associa 'on of Grand
<br />Island, which is organized and existing under the laws of the United States of America and whose ddress is 221
<br />South Locust Street, Grand Island, Nebraska 68501 ("Lender"). JOSEPH R KOVARIK a d WILMA L
<br />KOVARIK have entered into a Contract with Lender as of August 19, 2011, under the terms of w'ch Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a*��MAXIMiTM PRINCIP AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)**� of Fifty Thousand and 00/100 Dollars (U. .$50,000.00)
<br />("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to mak advances to
<br />Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under Bono er's Contract
<br />with Lender will be due and payable on September 15, 2016. This Security Instrument secures to ender: (a) the
<br />repayment of the debt under the Contract, with interest, including future advances, and all renewals, e tensions and
<br />modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect e security of
<br />this Security Instrument under the provisions of the section titled Protection of Lender's Rights in t e Property;
<br />and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Contract.
<br />For this purpose, Borrower in consideration of the debt and the trust herein created, irrevocab y grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the OUNTY of
<br />HALL, State of Nebraska:
<br />Address: 4427 CALVIN DR, GRAND ISLAI�TD, Nebraska 68801
<br />Legal Description: LOT FOURTEEN (14), BLOCK TWO (2), LAKE DA�IS ACRES
<br />SUBDIVISION, HALL COUNTY, NEBRA5KA
<br />TOGETHER WITH all the improvements now or hereafter erected on the properly, and a 1 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 Ins ment as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and h s the right to
<br />grant and convey the Properiy and that the Properiy is unencumbered, except for encumbranc s of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and deman s, 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 p' cipal 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 a 1 controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and ord rs (that have
<br />the effect of law) as well as all applicable fmal, non-appealable judicial opinions.
<br />Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attrib table 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 payment .
<br />Borrower shall promptly discharge any lien which has priority over this Securiry Instrument unless orrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable t 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 o the lien an
<br />agreement satisfactory to Lender subordinating the lien to tlus Security Inshument. If Lender dete ' es that any
<br />part of the Property is subject to a lien which may attain priority over this Security Instrument, Len er may give
<br />� 2004-2010 CompGance Systems, Inc. EEOB-D32F- 2010.03.378
<br />Con4umer Real Estate - Security Instrument DL2036 Page 1 of 5 vnvw.c mpliancesystems.com
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