|
<br />
<br />200408912
<br />
<br />DOC ID t: 0006729361009004
<br />
<br />and further described as:
<br />All of Lot Three (3) and that part of Lot Five (5) more particularly described
<br />as follows: Beginning at the Northeast corner of said Lot 5; thence running
<br />Southwesterly along the Easterly line of Lot 5, a distance of 87.4 Feet to the
<br />Southeast corner of Lot 5; thence running Northerly and parallel to the West
<br />line of Lot 5, a distance of 100.95 Feet to a point on the Northeasterly line
<br />of Lot 5; thence running Southeasterly along the Northeasterly line of Lot 5,
<br />a distance of 51.4 Feet to the point of brginning and containing 2,361.81
<br />square feet, more or less: all in Block One (1) in Kay-Dee Subdivision of a
<br />part of the Southwest Quarter of the Southwest Quarter (SWl/4SWl/4) of Section
<br />Twenty-one (21) in Township Eleven (11) North, Range Nine (9), West of the 6th
<br />~;.M., Hall County, Nebraska
<br />
<br />.,
<br />'1]1e Premises includes all buildings and other improvemenm now or in the fut'.lie on the Premises and all righm and
<br />interests which derive from our ownership, use or possession of the Premises and all appurtenances thereto.
<br />
<br />WE UNDERSTAND and agree that MERS is a separate corporation acting solely as nominee for Lender and
<br />Lender's successors and assigns, and holds only legal title to the interests granted by us in this Deed of Trust, but, if
<br />necessary to comply with law or custom, MERS (as nominee for Lender rind Lender's successors and assigns) has
<br />the right to exercise any or all of those interests, including, but not limifed to, the right to foreclose and sell the
<br />Property, and to take any action required of Lender including, but not limited to, releasing or canceling this Deed of
<br />Trost.
<br />
<br />LOAN: This Deed of Trust will secure YOU! loan to us in the principal amount of $ 42, 000. 00 or so
<br />qroch thereof as may be advanced and readvanced from lime to time to
<br />JEFFERY C. LONG
<br />
<br />, and
<br />
<br />,
<br />the Borrower(s) under the Home Equity Credit Line Agreement and Disclosure Statement (the "Nore") dated
<br />.SEPTEMBER 07, 2004 ,plus interest and costs, late charges and all other cbarges releated to the loan, all of
<br />wbich sums are repayable according to the Note. This Deed of Trust will also secure the perfonnance of all of the
<br />promises and agreements made by us and each Borrower and Co-Signer in the Note, all of our promises and
<br />agreements in this Deed of Trost, any extensions, renewals. amendments, supplements and other modifications of
<br />the Note. and any amounts advanced by you under the terms of the section of this Deed of Ttl.18t entitled "Our
<br />Authority To You." Loans under the Note may be made, repaid :and remade from time to time in accordance with
<br />the terms of the Note and subject to the Credit Limit set forth in the Note. This Deed of Trost shall secure the Note
<br />and any and all future advances made to us by you. At no time during the term of this Deed of Trost or any
<br />extension thereof shall the unpaid and outstanding secured principal future advances, not including sums advanced
<br />by you to protect the security of this Deed of Trust, exceed the followin~ amOWlt:
<br />$ 42,000.00 . This provision shall not constitute an obhgation upon or commitment of Lender to
<br />make additional advances or loans to us.
<br />
<br />(c) INSURANCE: We will keep the building(s) on the Premises insured at all times against loss by fire, flood
<br />and any other hazards you may specify. We OIay choose the insurance company, but our choice is subject to your
<br />reasonable approval. The policies mUSt be for at least the amounts and the time: period.; that you specify. We will
<br />deliver to you upon your request the policies or otber proof of the insurance. The policies must name you llS
<br />"mortgagee" and "Ios.<;-payee" so that you will receive paymelllt on aU insurance claims, to the e~tent of your
<br />intere.<;t under lhis Deed of Trust, before we do. The insurance policies must also provide that you be given not less
<br />than lO days prlor written nolice of any cancellation or reductilon in coverage, for any reason. Upon request, we
<br />shall deliver the policies, certificates or other evidence of insurance to yO\l. In the event of loss or damage to the
<br />Premises, we will immediately notify you in writing and file l\ proof of loss with the insurer. You may file a proof f
<br />
<br />
<br />. MERS HELOC. NE Deed of Tr\l$t Q ~ 0,
<br />2E015-NE (02104) P;aa1!l2 of 6 Inltial&: ~ V
<br />
<br />
<br />OWNERSlUP: We are the sole owner(s) of the Premises. We have the legal right to mortgage, grant and convey the
<br />Premises to the Trustee.
<br />
<br />OUR IMPORTANT OBUGATIONS:
<br />
<br />(a) TAXES: We will pay all real estate taxes, assessments, water charges and sewer rents relating to the
<br />Premises when they become due. We wi1lllot claim any credit on, or make deduction from, the loan under the Note
<br />because we pay these taxes and charges. We will provide you witlh proof of payment upon request.
<br />
<br />(b) MAIN1'ENANCE: We will maintain the buiIding(s) on the Premises in good condition. We will not make
<br />major changes in the building(s) except for ponna! repairs. We will not t~ down any of the building(s) on the
<br />Premises without first getting your coru;ent. We will not use the Premises illegally. If this Deed of Trust is on a unit
<br />in a condominium or a planned unit development, we shall perfonn all of our obligations under the declaration or
<br />covenant,; creating or governing the condominium or planned unit development, the by-laws and regulations of the
<br />condominium or planned unit development and constituent documents.
<br />
|