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The properly is located in Hall at 2428 N TAYLOR
<br />(County)
<br />GRAND ISLAND Nebraska 68803
<br />(Addre,,) (city) (zTn Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one tune
<br />shall not exceed $16, 000. 00 . This limitation of amount does not include interest and other
<br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guatanly(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 02/26/2003
<br />NEBRASKA -HOME EQUITY LINE OF CREDIT DEED OF TRUST [NOT FOR FNMA, PHIMC, FHA oR VA USE) (page t 0{/6/
<br />Qi 1 ISM ."kers F'o'o ,r1o,St OGLAMN Form OOP- FEET -NE V13R9
<br />�-C465(NE) OoN2) E2 VMP MORTGAGE FORMS, 180015217291
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<br />State of Nebraska Space Above This Line For Recording Date
<br />REAL ESTATE DEED OF TRUST 0166007240
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) iSFeb 26, 2003 _
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: THOMAS G STEARLEY and DEBRA J STEARLEY, HUSBAND AND WIE'E
<br />2428 N TAYLOR
<br />GRAND ISLAND, NE 68803
<br />E] if checked, refer to the attached Addendum incorporated herein, for additional Trustees, their signatures
<br />and
<br />acknowledgments.
<br />TRUSTEE:
<br />T1eLOne Hank
<br />P.O. Box 83009 1235 'N' Street
<br />Lincoln, HE 68501
<br />BENEFICIARY:
<br />TierOne Bank
<br />1235 'N' St / PO Box 83009 Lincoln, HE 68501
<br />Organized and Existing Under the Laws of the United States of America
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Tmstor's performance under this Security instrument, Tmstor irrevocably
<br />grants, conveys and sells to Trustee, in cost for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT 1, PEPPER SQUARE SUBDIVISION, GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The properly is located in Hall at 2428 N TAYLOR
<br />(County)
<br />GRAND ISLAND Nebraska 68803
<br />(Addre,,) (city) (zTn Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one tune
<br />shall not exceed $16, 000. 00 . This limitation of amount does not include interest and other
<br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guatanly(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 02/26/2003
<br />NEBRASKA -HOME EQUITY LINE OF CREDIT DEED OF TRUST [NOT FOR FNMA, PHIMC, FHA oR VA USE) (page t 0{/6/
<br />Qi 1 ISM ."kers F'o'o ,r1o,St OGLAMN Form OOP- FEET -NE V13R9
<br />�-C465(NE) OoN2) E2 VMP MORTGAGE FORMS, 180015217291
<br />
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