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<br />
<br />LOAN NUMBER: 0166015757
<br />
<br />DEED OF TRUST
<br />
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE AnV ANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />
<br />THIS DEED OF TRUST ("Se\.-'UTity Instrument") is made on June 14, 2007. The !,'l'antor is WILLIAM EARL
<br />and KAREN EARL, HUSBAND AND WIFE, whose address is 137 PONDEROSA DR, Grand Island,
<br />Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the
<br />Contract. The obligations of Borrowers who did not sign the Contract are explained li.u1hcr in the section titled
<br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />TierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 . ("Trustee"). The
<br />beneficiary is TierOne Bank, which is organized and existing lUlder the laws of the United States of America and
<br />whose address is 1235 'N' St / PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). WILLIAM EARL and
<br />KAREN EARL have entered into a Equity - Line of Credit ("Contract") with Lender as of June 14, 2007, under
<br />the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADV ANCES)*** of Ten
<br />Thousand and 00/100 Dollars (U.S. $10,000.00) ("Credit Limit"). Any party interested in the details related to
<br />Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br />paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on June 15, 2012.
<br />This Security Instrument secures to Lender: (a) the repayment of tile debt under the Contract, with interest,
<br />including future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all
<br />other sums, with interest, advanced to protect the se\.-'UTity of this Security Instrument under the provisions of the
<br />section titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants
<br />and agreements under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of
<br />the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />following described property located in the CO UNTY of HALL, State of Nebraska:
<br />Address: 137 PONDEROSA DR, Grand Island, Nebraska 68803
<br />Legal Description: LOT FOUR (4), BLOCK TWO (2), PONDEROSA LAKE ESTATES THIRD
<br />SUBDIVISION, ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Parcel ID/Sidwell Number: 400364921
<br />
<br />TOGETHER WITH all tile improvements now or hereafter erectEXI on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of tile property. All replacements and additions shall also be
<br />covered by this Se\.-'Ufity Instrument. All of the Ioregoing is referrEXI to in this Security Instrument as the
<br />"Property. "
<br />
<br />I::) 2004.2007 Copyright Complianoo S;ol=. 11IO. 8C9C-190R - 2007.01.201
<br />COtISUfIlm- RclIaJ. Estate. Se<lurity Instnunent DL2036
<br />
<br />Page I of7
<br />
<br />www.compliancesYllterns.com
<br />800.968.8522. Fax 616.956.1868
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