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<br />200700764
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<br />DOC ID #: 00015753108601007
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<br />and further deseribed as:
<br />LOT SIXTEEN (16), WESTWOOD PARK THIRD SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />The Premises includes all buildings and other improvements now or in the future on the Premises and all rights and
<br />interest'l which derive from our ownership, use or possession of the Premises and all appurtenances thereto.
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<br />WE UNDERSTAND and agree that MERS is a separate corporation acting solely a<; 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 and Lender's successors and assigns) has
<br />the right: to exercise any or all of those interests, including, but not limited 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 />Trust.
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<br />LOAN: This Deed of Trust will secure your loan to us in the principal amount of $ 33, 400 . 00 or so
<br />much thereof as may be advanced and readvanced from time to time to
<br />TOBIN ZERFAS
<br />
<br />, and
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<br />the Borrower(s) under the Home Equity Credit Line Agreement and Disclosure Statement (the "Note") dated
<br />JANUARY 29, 2007 , plus interest and costs, late charges and all other charges releated to the loan, all of
<br />which sums are repayable according to the Note. This Deed of Trust will also secure the performance of a1l 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 Trust, any extensions, renewals, amendments, supplements and other modifications of
<br />the Note, and any amounts advanced by you under the terms of the scction of this Deed of Trust entitled "Our
<br />Authority To You." Loans under thc Note may be made, repaid and remade from time to time in accordance with
<br />thc terms of the Note and subject to the Credit Limit set forth in the Note. This Dced of Trust 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 Trust 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 following amount:
<br />$ 33,400.00 . This provision shall not constitute an obligation upon or commitment of Lcndcr to
<br />make additional advances or loans to us.
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<br />OWNERSHIP: 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.
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<br />OUR IMPORTANT OBLIGATIONS:
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<br />(a) TAXES: We will pay all real estate taxes, assessments, water charges and sewer rents rclating to the
<br />Premises when they become due. We wilI not claim any credit on, or make deduction from, the loan under the Note
<br />because we pay these taxes and charges. We wilI provide you with proof of payment upon request.
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<br />(b) MAINTENANCE: We will maintain the building(s) on the Premises in good condition. We will not make
<br />major changes in the building(s) except for normal repairs. We will not tear down any of the building(s) on the
<br />Premises without first getting your consent. 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 perform 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.
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<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 may choose the insurance eompany, but our choice is subject to your
<br />reasonable approval. The policies must be for at lea'lt the amount'l and the time periods that you specify. We will
<br />deliver to you upon your request the policies or other proof of the insurance. The polieies must name you as
<br />"mortgagee" and "loss-payee" so that you will receive payment on all insurance claims, to the extent of your
<br />interest under this Deed of Trust, before we do. The insurance policies must also provide that you be given not less
<br />than 10 days prior written notice of any cancelIation or reduction in coverage, for any reason. Upon request, we
<br />shall deliver the policies, certificates or other evidence of insurance to you. In the event of loss or damage to the
<br />Premises, we will immediately notify you in writing and file a proof of loss with the insurer. You may file a proof
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<br />· MERS HELOC - NE Deed of Trust
<br />2E015-NE (10106)
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