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<br />THIS 1NSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Associarion of
<br />Grand Island
<br />221 South Locust Street
<br />Grand Island, NE 68801
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />Grand Island, NE 68801
<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 5eptember 23, ZO11. The grantors are KEITH L
<br />COLEMAN and DEBORAH S COLEMAN, HU5BAND AND WIFE, whose address is 4069 PALACE DR,
<br />GRAND ISLAND, Nebraska 68803-6406 ("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 />AccommodaHon Signers. The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Grand
<br />Island, which is organized and existing under the laws of the United States of America and whose address is 221
<br />South Locust Street, Grand Island, Nebraska 68801 ("Lender"). KEITH L COLEMAN and DEBORAH S
<br />COLEMAN have entered into a Contract with Lender as of September 23, 2011, under the terms of which
<br />Borrower may, from time to time, obtain advances not to exceed, at any time, a***MAXIMiJM PRINCIPAL
<br />AMOi7NT (EXCLUDING PROTECTIVE ADVANCES)'��* of Forty-seven Thousand Five Hundred and
<br />00/100 Dollars (U.S. $47,500.00) ("Credit Limit"). Any party 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 October 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 Instnunent and the Contract. For this purpose, Borrower, in consideration of the debt and the
<br />trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the COiTNTY of HALL, State of Nebraska:
<br />Address: 4069 PALACE DR, GRAND ISLAND, Nebraska 68803-6406
<br />Legal Description: LOT TWENTY-SEVEN (27) IN CASTLE ESTATES SUBDIVISION, IN THE
<br />CITY OF 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 Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Properiy and that the Properiy 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 enciimbrances 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 />Applic�ble 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 />�
<br />�O 2004-2011 Compliance Syste.ms, Inc. ADCD-BSEI - 2010LL 15.461
<br />Consumer Real Estete - Security instrument DL2036 Page 1 of 5 www.compliancesystems.com
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