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<br />LWV-
<br />Return to: Rae Bodonyi
<br />Lender Recording Services
<br />25111 Country Club Blvd. #275
<br />North Olmsted, Ohio 44070
<br />(440) 777 -3233
<br />LOAN NO.: 41004679
<br />TITLE NO.: XN- 015776
<br />ESCROW NO.: 44769
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<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />1 Construction Security Agreement
<br />1 Master form recorded by ........................ ...............................
<br />MIN: 100137100410046793
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ... 9CTOBER .......... 1.,....2003
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />JOHN J. SCHROLL AND CAROLYN M. SCHROLL, HUSBAND AND WIFE AS JOINT TENANTS
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<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />UNITED TITLE COMPANY
<br />BENEFICIARY:
<br />SECURED FUNDING CORP., A CALIFORNIA CORPORATION
<br />2955 REDHILL AVENUE; COSTA MESA, CALIFORNIA 92626
<br />"MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a
<br />nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument.
<br />MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026,
<br />Flint, MI 48501 -2026, tel. (888) 679 -MERS.
<br />2. CONVEYANCE. The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's
<br />successors and assigns) and the successors and assigns of MERS. For good and valuable consideration, the receipt and
<br />sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under
<br />this Security Instrument, Trustorr irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary,
<br />with LOT TEN (1 ) following SIJBDIVISIONeAN ADDITION TO THE VILLAGE OF CAIRO,
<br />HALL COUNTY, NEBRASKA.
<br />PARCEL NUMBER: 400 - 373 -483
<br />The property is located in ..... HALL ...................... ............................... at
<br />............... ...............................
<br />(County)
<br />604 HILLSIDE DRIVE CAIRO .... ,, Nebraska .........68824
<br />............. ............................... .......... .....
<br />(Address) (City) (ZIP 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 "). Grantor
<br />understands and agrees that MERS holds only legal title to the interests granted by Grantor in this Security Instrument;
<br />but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has
<br />the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property,
<br />and to take any action required of Lender, including but not limited to, releasing and canceling this Security Instrument.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 73,500.00,,,,,..,, . This limitation of amount does not include interest and other fees
<br />........... ...............................
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />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), guaranty(ies) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify the
<br />debt(s) secured and you should include the final maturity date of such debt(s).)
<br />THE TOTAL PRINCIPAL AMOUNT SECURED BY THIS SECURITY INSTRUMENT IS: $ 73,500.00
<br />HOME EQUITY LINE SECURITY AGREEMENT DATED: OCTOBER 01, 2003
<br />THIS OBLIGATION IS DUE AND PAYABLE ON: OCTOBER 27, 2018
<br />ORIGINAL INITIALS
<br />NEBRASKA- HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />- 1994 Bankers Systems, Inc., St. Cloud, MN Form RFCOCPREDTNE 4/9/2002 (page 1 of 4)
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