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<br />(Space Above Tllis Line For Recording Data)
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<br />LOAN NUMBER: 0166015747
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<br />DEED OF TRUST
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<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE AnV ANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on July 25, 2007. The grantor is RAYMOND B
<br />FRANKEN and TERESSA R FRANKEN, HUSBAND AND WIFE, whose address is 7233 S 1l0TH, Wood
<br />River, Nebraska 68883 ("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 further 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 llilder the laws ofthe United States of America and
<br />whose address is 1235 'N' St / PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). RAYMOND B FRANKEN
<br />and TERESSA R FRANKEN have entered into a Equity - Line of Credit ("Contract") with Lender as of July
<br />25,2007, llilder 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 Twelve
<br />Thousand and 00/100 Dollars (U.S. $12,000.00) ("Credit Limit"). Any party interested in the dctails 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 llilder Borrower's Contract with Lender will be due and payablc on July 15, 2012.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt llilder 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 security of this Security Instrument llilder the provisions ofthe
<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 mul conveys to Trustee, in trust, with power of sale, the
<br />(allowing described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 7233 S 1l0TH, Wood River, Nebraska 68883
<br />Legal Description: LOT ONE (1) FINCK SUBDIVISION, WOOD RIVER, HALL COUNTY,
<br />NEBRASKA
<br />Parcel ID/Sidwell Number: 400221276
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, mld fixtures now or hereafter a part of the property. All rE-placements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property. "
<br />
<br />@2004-2007 Copyright. Compliance S)"t.cmo, I"". HC9C-llA40 - 2007.01.201
<br />Comumc::rRc:alHl;Ilale- Security In81run~I1t DL2036
<br />
<br />Pal<<' 1 of7
<br />
<br />www.cUTnplil:l.I1cellYllleIIlll.com
<br />800-968-8522 - Fax 616-956.1868
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