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<br />200602406
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<br />"EWER'i' ..(4.Q~),,4.7.~,-9_5_~_~ .i~.~~9~_-__~,_. i~35 .."N'"- at -/ PO Box,..~~9_9~J_ _~~~~.o_~~( _~.
<br />(name, address and phone n~er of preparer)
<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />REAL ESTATE DEED OF TRUST 0166012010
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by _ __
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is~~ _1:3, 2006
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:BRUCE A SCHLATTMANN & MELODY M SCHLATTMANN FKA MELODY M SANER, HUSBAND
<br />AND WI FE
<br />2415 W 15TH ST, GRAND ISLAND, NE 68803
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />
<br />TierOne Bank
<br />1235 'N' St / P.O. Box 83009
<br />Lincoln, NE 68501
<br />BENEFICIAR Y:
<br />TierOne Bank
<br />1235 'N' St / PO Box 83009 LINCOLN, NE 68501
<br />
<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 />securetIleuSecured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: ..3
<br />CUNNINGHAM SUBDIVISION E , FEET LOT 8 & ALL LOT 7 BLOCK 3, CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />
<br />The property is located in
<br />
<br />at 2415 W 15TH ST
<br />
<br />Hall
<br />(COUnl:y)
<br />______________ _____________ , Grand Island , Nebraska 68803
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, casements, 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 />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time
<br />shall not exceed $:ttiJ:lOO,QO__ . 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 />
<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
<br />the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 03/13/2006
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA. FHlMC, FHA OR VA USE)
<br />~ 01994 Bankms Systems, Inc" St. Cloud, MN Form OCP-REDT-NE 1/31/2003
<br />. -C465(NEI (0401) VMP Mortgage Solutions (8001521-7291
<br />@
<br />
<br />~(pa~yr4 .
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