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<br />THIS INSTRIJMENT PREPARED BY:
<br />.�,{ Home Federal Savings & Loan Association of
<br />Grand Island
<br />2215outh Locust Street
<br />Grand Island, NE 68801
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<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust 5treet
<br />Grand Island, NE 68801
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<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 TRUS'1�
<br />THIS DEED OF TRUST ("Security Instrument") is made on October 21, 2011. The grantors are DAVID J
<br />PILLARD and SU5AN R PII.LARD, HUSBAND AND WIFE, whose address is 105 E 23RD ST, GRAND
<br />ISLAND, Nebraska 68801-2334 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br />sign the Equity - Line of Credit ("Contract"). The obligations of Bonowers who did not sign the Contract aze
<br />explained fiuther in the section titled Successors and Assigns Bound; Joint and Several Liability;
<br />Accommodation Signers. The trustee is Arend R Baack, Attorney whose address is P.O. Boz 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal5avings & 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 5treet, Grand Island, Nebraska 68801 ("Lender"). DAVID J PILLARD and 5USAN R
<br />PILLARD have entered into a Contract with Lender as of October 21, 2011, under the terms of wluch Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a**'�MAXIl��UM PRINCIPAL AMOiJNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*�'* of Thirty Thousand and 00/100 Dollars (U.S. $30,000.00)
<br />("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make advances to
<br />Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under Bonower's Contract
<br />with Lender will be due and payable on November 15, 2016. This Security Instcvment secures to Lender: (a) the
<br />repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions aad
<br />modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of
<br />this Security Inshvment under the provisions of the section titled Protection of Lender's Rights in the Property;
<br />and (c) the performance of Bonower'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, irrevocably grants and
<br />conveys to Trustee, in tcust, with power of sa1e, the following described property located in the COiJNTY of
<br />HALL, State of Nebraska:
<br />Address: 105 E 23RD ST, GRAND ISLAND, Nebraska 68801-2334
<br />Legal Description: LOT FIFTEEN (1�, IN BLOCK ONE (1), IN I�TICKREHM FIFTH (ST�
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />TOGETI�R 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 sha11 also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Inshvment 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 warra.nts 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 chazges due under the Contract.
<br />Applicable Law. As used in this Security Instivment, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and adminishative rules and orders (that have
<br />the effect of law) as well as all applicable final, non-appealable judicial opinions.
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<br />O 2004-201 I Compliance Systema, Ina ADCD-340A - 2010L1.15.461
<br />Consumer Real Estate - Security Iavtrament DL2036 Paga 1 of 5 �•�P��YB���°
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