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<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
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<br />� 2004-2010 Compliance Systems, inc. EEOB-14F3 - 2010.03378
<br />Consumer Rea� Estate - Security instrument DL2036 Pege I of 5 www.compliancesy9tems.com
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