200605999 - Laserfiche WebLink

Browse

200605999 and further described as: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. DOC ID #: 00013825691006006 The Premises includes all buildings and other improvements now or in the future on the Premiscs and all rights and interests which derive trom our ownership, use or possession of the Premises and all appurtenances thereto. WE UNDERSTAND and agree that MERS is a separate corporation acting solely as nominee tor Lender and Lender's successors and assigns, and holds only legal title to the interests granted by us in this Deed of Trust, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exereisc any or all of those interests, including, but not limited to, the right to toreclosc and sell thc Property, and to take any action required of Lender including, hut not limited to, releasing or canceling this Deed of Trust. LOAN: This Deed of Trust will secure your loan to us in thc principal amount of $ 34, 000 . 00 much thereof as may be advanced and readvanced from time to time to DANIEL D. SCHULDT or so , and the Borrower(s) under the Home Equity Credit Line Agreemcnt and Diselosurc Statement (thc "Note") datcd JUNE 20, 2006 , plus interest and costs, late charges and all other charges releated to the loan, all of which sums arc repayable according to the Note. This Deed of Trust will also secure the performance of all of the promises and agreements made by us and each Borrower and Co-Signcr in the Note, all of our promises and agreements in this Deed of Trust, any cxtcnsions, renewals, amendments, supplements and other modifications of the Note, and any amounts advanced by you under the terms of the section of this Dced of Trust entitled "Our Authority To You." Loans under the Note may be made, repaid and remade from time to time in accordance with the terms of the Note and subject to the Credit Limit set torth in the Note. This Deed of Trust shall securc the Note and any and all future advances made to us by you. At no time during the term of this Dccd of Trust or any extension thereof shall thc unpaid and outstanding secured principal futurc advances, not including sums advanced by you to protect the security of this Deed of Trust, exceed the tollowing amount: $ 34, 000 . 00 . This provision shall not constitutc an obligation upon or commitment of Lender to make additional advances or loans to us. OWNERSHIP: We are the sole owner(s) ofthe Premises. We have the legal right to mortgage, grant and convey the Premises to the Trustee. OUR IMPORTANT OBLIGATIONS: (a) TAXES: We will pay all real estate taxes, assessments, water charges and sewer rents rclating to the Premises when they become due. We will not claim any credit on, or make deduction from, the loan under the Note because we pay these taxes and charges. We will provide you with proof of payment upon request. (b) MAINTENANCE: We will maintain the building(s) on the Premises in good condition. We will not make major changes in the building(s) except tor normal repairs. We will not tear down any of the huilding(s) on the Premises without first getting your consent. We will not use the Premises illegally. If this Deed of Trust is on a unit in a condominium or a planned unit development, we shall perform all of our obligations under the declaration or covenants ercating or governing the condominium or planned unit development, the by-laws and regulations of the condominium or planned unit development and constituent documents. (c) INSURANCE: We will keep the building(s) on the Premiscs insured at all times against loss by fire, tlood and any other hazards you may specify. We may choose the insurance company, but our choice is subject to your reasonable approval. Thc policies must be for at least the amounts and the time periods that you specify. We will deliver to you upon your request the policies or othcr proof of the insurance. The policies must name you as "mortgagee" and "loss-payee" so that you will receive payment on all insuranec claims, to the extcnt of your interest under this Deed of Trust, betore we do. The insurance policies must also provide that you be given not less than 10 days prior written notice of any cancellation or reduction in coverage, tor any reason. Upon request, we shall deliver the policies, certiticates or other evidence of insurance to you. In the event of loss or damage to the Premises, we will immediately notity you in writing and tile a proof of loss with the insurer. You may file a proof . MERS HELOC - NE Deed of Trust ~ 2E015-NE(12/04) Page2of6 'nitiaid@._