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200315822
<br />LOAN #: 9003610
<br />performance under this Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, intrust for the
<br />benefit of Beneficiary, with power of sale, the following described property:
<br />THE EASTERLY NINETEEN FEET (19') OF LOT NINETEEN (19) AND THE WESTERLY FORTY FIVE
<br />FEET (45') OF LOT TWENTY (20) IN BLOCK TWO (2) DITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA. SUBJECT TO RESTRICTIONS, RESERVATIONS,
<br />EASEMENTS, COVENANTS, OIL, GAS OR MINERAL RIGHTS OF RECORD, IF ANY.
<br />APN #: 400052636
<br />� KN \C.KR�HM ADOt�IoN
<br />The property is located in HALL (County)
<br />at 310 EAST 20TH STREET, GRAND ISLAND,
<br />(Address) (City)
<br />Nebraska 68801 (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
<br />may 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
<br />Instrument; but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors
<br />and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose
<br />and sell the Property, and to take any action required of Lender, including but not limited to, releasing and canceling
<br />this Security Instrument.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $30,000.00. This limitation of amount does not include interest and other fees and
<br />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), guaranty(ies) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically
<br />Identify the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />RICHARD FARIAS AND ANGELA R. FARIAS HOME EQUITY LINE OF CREDIT AGREEMENT AND
<br />PROMISSORY NOTE TO HOME LOAN CENTER, INC. DATED OCTOBER 28, 2003, WITH A
<br />MATURITY DATE OF NOVEMBER 3, 2018.
<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any
<br />promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary
<br />after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than
<br />one person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all
<br />future advances and future obligations that are given to or incurred by any one or more Trustor, or any one
<br />or more Trustor and others. All future advances and other future obligations are secured by this Security
<br />Instrument even though all or part may not yet be advanced. All future advances and other future obligations
<br />are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall
<br />constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />commitment must be agreed to in a separate writing.
<br />C. All other obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited bylaw,
<br />including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between
<br />Trustor and Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise
<br />protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary
<br />under the terms of this Security Instrument.
<br />In the event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to any
<br />additional indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security
<br />interest in the Trustor's principal dwelling that is created by this Security Instrument (but does notwaive the security
<br />interest for the debts referenced in paragraph A of this Section).
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) r
<br />© 1994 Bankers Systems, Inc., St, Cloud, MN Initials: i
<br />Form RFCOCPREDTNE 4/9/2002 Page 2 of 6 NE1325ME 0307
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