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THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<br />© 2004-2012 Compliance Systems, Inc. CECA-1474 - 201IL2.10.600
<br />Consumer Real Estate - Security Instrument DL2036
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<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 September 20, 2013. The grantors are CLYDE J.
<br />MEIS, HUSBAND, whose address is 3128 BRIARWOOD BLVD, Grand Island, Nebraska 68801 , and
<br />ROSEMARY A. MEIS, WIFE, whose address is 3128 BRIARWOOD BLVD, Grand Island, Nebraska 68801
<br />("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Home Equity Line of
<br />Credit Agreement, dated September 20, 2013 ("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 />Accommodation Signers. The trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824
<br />("Trustee"). The beneficiary is Pathway Bank, which is organized and existing under the laws of the State of
<br />Nebraska and whose address is 306 S High St, P 0 Box 428, Cairo, Nebraska 68824 ("Lender"). CLYDE J.
<br />MEIS and ROSEMARY A. MEIS have entered into a Contract with Lender as of September 20, 2013, under
<br />the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Fifty
<br />Thousand and 00/100 Dollars (U.S. $50,000.00) ("Credit Limit"). Any party interested in the details related to
<br />Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br />paid earlier, the sums owing under Borrower's Contract with Lender will be due on September 2, 2014. 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 />trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the NEBRASKA of HALL COUNTY, State of Nebraska:
<br />Address: 3128 BRIARWOOD BLVD, Grand Island, Nebraska 68801
<br />Legal Description: LOT NINETEEN (19), BLOCK TWO (2), BRENTWOOD SUBDIVISION, CITY
<br />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 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, regulations, ordinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable fmal, non-appealable judicial opinions.
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