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<br />.~!uA()~:_:~_'?_~__:__0_5_5_~!u_~~~~()~__ BANK,_~2:3?u_'~_~_u~~uLI.?() . Box_83009, Lin_<?_l?~_I?__{u_~uEi~?()l
<br />(name, address and phone number of preparer)
<br />State of Nebraska Space Above Thi~ Line For Recording Data
<br />
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by _ _ u u _ u u ___ u u ___ __ _ u u _ u u u u u u u u u u ___ _ u u _ _ _ u u _ u u u u __ u_
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is _Ap%;u~~L_,2_0_06 _uuuuuuuu___
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />0166012704
<br />
<br />TRUSTOR:TODD R OLSEN and MICHELLE L OLSEN, HUSBAND AND WIFE
<br />
<br />3910 Partridge Circle
<br />GRAND ISLAND, NE 68803
<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 />BENEFICIARY:
<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 />secure the Secured 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:
<br />LOT SIXTEEN (16), BLOCK THREE (3), SUMMERFIELD ESTATES 4TH SUBDIVISION, GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in
<br />
<br />Hall
<br />...---------------------...
<br />(County)
<br />
<br />at 3910. _ J~~%;~%;i,cl9t:l c::ircle
<br />
<br />GRAND ISLAND
<br />---------------------------------------
<br />
<br />, Nebraska
<br />
<br />68803
<br />---------------------
<br />(Address) (City) (ZIP Code)
<br />
<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 />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time
<br />shall not exceed $J,Si ~00()_,_0_0___ . 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 DE~ FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurre~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 04/21/2006
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />~ 0 1994 Bankers Systems.lnc_. St_ Cloud, MN Form OCP-REDT-NE 1/31/2003
<br />. -C465(NE) (0401) VMP Mortgage Solutions (800)521-7291
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