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� <br />- <br />N � <br />0 <br />� <br />� � <br />� <br />� <br />0 � <br />� = <br />� <br />� <br />� <br />� <br />0 <br />� <br />� <br />� <br />� <br />� <br />� <br />�- <br />� � <br />1`-j <br />� \, L.A <br />� <br />f'r" r � � <br />r , <br />C <br />� C.� �� <br />1'�7 � _ <br />C, i <br />.l, ��_ . � <br />-{ � <br />r� � <br />_� <br />o ; " - , F---' <br />''� ` O <br />o ` <br />� ��i N <br />o �'� N <br />cra <br />c> v � <br />� � <br />C � <br />Z ---I <br />� m <br />—t p <br />� T <br />� � <br />z rn <br />� rn <br />r z <br />r � <br />cn <br />� � <br />� <br />� <br />� <br />� <br />� � � <br />� � <br />� <br />i� <br />"�`' �i <br />� t <br />' 1 <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 August 15, ZO11. The grantor is KAY D CARTER, <br />A SINGLE PERSON, whose address is 611 WEST AVE, GRAND ISLAND, Nebraska 68803 ("Borrower"). <br />Borrower is not necessarily the satne as the Person or Persons who sign the Equity - Line of Credit ("Contract"). <br />The obligations of Borrowers who did not sign the Contract are explained further in the section titled Successors <br />and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Arend R. Baack, <br />Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home <br />Federal Savings & Loan Association of Grand Island, which is organized and existing under the laws of the <br />United States of America and whose address is 221 South Locust Street, Grand Island, Nebraska 68801 <br />("Lender"). KAY D CARTER has entered into a Contract with Lender as of August 15, 2011, under the terms of <br />which Borrower may, from time to time, obtain advances not to exceed, at any time, a��*MAXIMUM <br />PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)��� of Fifteen Thousand and <br />00/100 Dollars (U.S. $15,000.00) ("Credit Limit"). Any parly interested in the details related to Lender's <br />continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not paid earlier, <br />the sums owing under Borrower's Contract with Lender will be due and payable on September 15, 2016. This <br />Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest, including <br />future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all other sums, <br />with interest, advanced to protect the security of this Security Instrument under the provisions of the section titled <br />Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements <br />under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the <br />hust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described <br />property located in the COUNTY of HALL, State of Nebraska: <br />Address: 611 WEST AVE, GRAND ISLAND, Nebraska 68803 <br />Legal Description: LOT NINE (9) WEST HEIGHTS SECOND ADDITION TO THE CITY OF <br />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 Instrument. All of the foregoing is referred to in this Security Instrument as the <br />"Property." <br />BORROWER COVENANTS that Bonower 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 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, regularions, 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. Bonower shall pay all taJCes, 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 L,ender, 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 Bonower: (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 Properly is subject to a lien which may attain priority over this Security Instrument, Lender may give <br />� <br />fV <br />O <br />�� <br />Q <br />O <br />� <br />-�7 <br />O <br />� <br />,� <br />� <br />�: , <br />W: t <br />:�, <br />ii <br />�� <br />� 2004-2010 Compliance Systems, inc. EEOB-14F3 - 2010.03378 <br />Consumer Rea� Estate - Security instrument DL2036 Pege I of 5 www.compliancesy9tems.com <br />