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<br />llEED OF TRUST
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<br />(PREAUTHORIZED (OPEN END) CREDIT — FUTURE ADVANCES ARE SECURF,D
<br />BY THIS DEED QF TRUST)
<br />THIS UEED OF TRUS'1' ("Security Instrument") is made on October 12, 2010. Thc grantox�s are DARRELI. R
<br />HOLZINGER and ANNET'I'E L HOLZINGER, HUSBAND WIFF., whose address is 2211 W CHARLES ST,
<br />GRANU �SLAND, Nebraska 68803 ("Borrower"). Borrower is not necessarily the satne as the Person or Persons
<br />who sign the Gontract. The obligations of Borrvwers who did npt sign the Contract are explained further in the
<br />section titled Successors a�ad Assigns Bnund; Joint and 5everal Liability; Accon�niodation Si�;ncrs. The
<br />trustee is Arend R. Baaek, Attorney wl�ose address is P.O. Box 790, Grand lsland, Nebraska G8802 ("Trustee").
<br />The beneficiary is IIome Federal Savings & Loan Associntion of Grand Island, which is organized and existing
<br />under the laws of the United States of America and wl�ose address is 221 South Locust Street, Grancl IslAnd,
<br />Nebraska b8801 ("Lender"), llARRELL R HQI,ZINGER and ANNETTE L AOI�7,[NG�R have entered into a.
<br />Equity - Line of Credit ("Contract") with Lender as of October 12, 2010, under lhe terrna of which Borrower
<br />may, from time to ti►ne, obtain advances not to exceed, at any time, a***MAXIMUM PRINCiPAI� AMOUNT
<br />(EXCI.UDING PRO'I'H;CTIVE ADVANCES)*** of 1'welve Thousflnd Five Handred and 00/lUU DollArs
<br />(U.S. $12,SU0.00) ("Credit Limit"). Any party inlerested in the deCails related to I..ender's continuing obligation to
<br />�iake advances to Borrower is advised to consult directly with Lender. If not paid earlier, tk�e sums owing under
<br />Borrower's Contract witl� Lender will be due and payable o�i October 15, 2015. '1'}�is Security Instrutnent secures
<br />to Lender: (a) t}ae repayment of tlie debt under the Contract, with interest, including fut�.�re advances, and alf
<br />renewals, extensions and xnodi�cations of the Contract; (b) the payment oF all other suzns, with interest, advanced
<br />to protect the securiry of tliis Security Instrument under the provi5ions of the sect.ion titled Protection of Lender's
<br />Rights in the Yroperty; and (c) tl�e performance of F3orrower's covenants and agreements under this Security
<br />Instrument and the Contract. For this purp��se, k3orrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to 'i'rustee, in trust, with power of sale, the following described property located in
<br />the COUNTY of HAC,L, State of Nebraska:
<br />Address: 2211 W CHARLES ST, GRAND ISI,AND, Nebraska 68803
<br />Legal Description: LOT THREE (3), IN BLOCK FIVE (S), ASIiTON PLACE, AN ADDITION 'I'O
<br />THE CITY OF GRAND ISI,AND, i�ALL COUNTY, NEBRASKA
<br />TOGETHER Wl'TH all the improvements now or hereafter erected on the �roperty, and all easements,
<br />appurtenances, and fixtures now or hereatter a part of the property. All replacements and additions shall 11so be
<br />covered by this Security lnstrument. AI1 of die foregoing is referred to in this Security lnstrumenl as tlie
<br />"Property."
<br />I3URROWER COVF.NANTS thal Barrower is lawfully seised af the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encurnbrances of record,
<br />Borrower warrazits and will defend generally the title ta the Property against all claims and demands, subject to
<br />any enc�unbrances of record.
<br />Borrower and Lender covenant and a�ree as follows:
<br />Payment of Principal and Interest; Other Charges. �3orrower shall promptly �ay when due the principal of and
<br />interest on the debt owed under the Contxact and late char�e� or any other fees and charges due under the C:ontract.
<br />Applicable Law. As used in this Security lnstrument, the term "Applicable I.,aw" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and adzninistrative rules and arders (that have
<br />tlie effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />Charges; Liens. Borrower shall pay all taxes, 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 Lender, Borrower shall protnptly furnish Co Lender receipts evidettcing tlxe payxnei�ts.
<br />Borrower shall pro�nptly discharge any lien which has priority over this Security lnstrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Len.der; (b)
<br />contests in good faith tt�e lien by, or defends against enforcen�ent of tl�e lien in, legal proceedings whicli in the
<br />Lender's opinion operate tn prevent the enforcement of the lien; or (c) secures frqm the holder of the lien an
<br />agreement satisfaclory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br />part of tl�e Property is subject to a lien wliich may attain priority over this Security lnstrument, l�ender ixiay give
<br />lr� 2UU4-2009 Complixncc Systcros, Inc. D02U-74DC - 2009.1236R
<br />Cpnsurner Rexl Estflte - Sccurity Instrumcnt DL2036 Page I pf $ , w�vw.romplianccsystcros.com
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