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<br />_ HAHN, TIERONE BANK, 402-479-0553, 1235 'N' St / PO Box 83009, Lincoln, NE 68501
<br />(name, address and phone number of preparer)
<br />State of Nebraska Space Above This Line For Recording Data
<br />
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />
<br />0166014926
<br />
<br />D Master form recorded by
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />The parties and their addresses are:
<br />
<br />.f;~pt:~IlI1:>~r .3.D,__?()()6.
<br />
<br />TRUSTOR:JEFFERY A PETSCH and CYNTHIA K PETSCH, HUSBAND AND WIFE
<br />
<br />4350 MANCHESTER RD
<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 />
<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 FOUR (4), BISHOP HEIGHTS 3RD SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL
<br />
<br />COUNTY, NEBRASKA
<br />
<br />The property is located in
<br />
<br />Hall
<br />(Counry)
<br />
<br />at 4350 MANCHESTER RD
<br />---- -----
<br />
<br />GRAND ISLAND , Nebraska 68803
<br />
<br />(Address) (City) (ZIP Code)
<br />
<br />Togethcr with all rights. easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and watcr 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 $ 10,000.00 . This limitation of amount does not include intcrest 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 thc 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 09/30/2006
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~@ 0 1994 Sankers Systems, InG" St. Cloud, MN Form OCP.RCDT-NE 5/1 0/2005
<br />. -C465(NE) 105061 VMP Mortgage Solutions, Inc.
<br />@
<br />
<br />C-06-09-020930
<br />
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