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<br />
<br />LOAN NUMBER: 0166015749
<br />
<br />DEED OF TRUST
<br />
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on October 17, 2007. The grantor is WILLIAM R
<br />HOLLOWAY and BETTY A HOLLOWAY, HUSBAND AND WIFE, whose address is 3612 CATFISH AVE,
<br />Grand Island, Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br />sign the Contract. The obligations of Borrowers who did not sign the Contract are explained further in the section
<br />titled 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 cxisting under the laws of the United States of America and
<br />whose address is 1235 'N' St / PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). WILLIAM R
<br />HOLLOWAY and BETTY A HOLLOWAY have entered into a Equity - Line of Credit ("Contract") with
<br />Lender as of Octo her 17, 2007, under the terms of which Borrower may, from time to time, obtain advances not to
<br />exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE
<br />ADV ANCES)*** of Seventy Thousand Three Hundred and 00/100 Dollars (U.S. $70,300.00) ("Credit Limit").
<br />Any party interested in the details related to Lender's continuing obligation to make advances to Borrower is
<br />advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract with Lender
<br />will be due and payable on October 15, 2012. This Security Instrument secures to Lender: (a) the repayment of the
<br />debt under the Contract, with interest, including future advances, and all renewals, extensions and modifications of
<br />the Contract; (b) the paymcnt of all other sums, with interest, advanced to protect the security of this Security
<br />Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Contract. For this
<br />purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located in the COUNTY of HALL, State of
<br />Nebraska:
<br />Address: 3612 CATFISH AVE, Grand Island, Nebraska 68801
<br />Legal Description: LOT THIRTEEN (13), RAINBOW LAKE SECOND SUBDIVISION, GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />Parcel ID/Sidwell Number: 400347105
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements 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 Compliancc Syot<rTII, [nc, 8C9C-A6E9. 2007.01.201
<br />Consumer Real Estat~ . SI;(:urity Instrument DL2036
<br />
<br />Pagc I of7
<br />
<br />www.compliatlCtSystt.ms.com
<br />800-968.8522 - Fa. 616-956-1868
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