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<br />LOAN NUMBER: 0166015753
<br />
<br />DEED OF TRUST
<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 January 30, 2008. The grantor is MARK A
<br />FREELING and TERESA V ANG-FREELING, HUSBAND AND WIFE, whose address is 4224 Shanna St,
<br />Grand Island, Nebraska 68803 ("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 ofthe United States of America and
<br />whose address is 1235 'N' St / PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). MARK A FREELING and
<br />TERESA V ANG.FREELING have entered into a Equity - Line of Credit ("Contract") with Lender as of
<br />January 30,2008, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at
<br />any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of
<br />Twenty-five Thousand and 00/100 Dollars (U.S. $25,000.00) ("Credit Limit"). Any party interested in the details
<br />related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender.
<br />lfnot paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on February
<br />15, 2013. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with
<br />interest, including future advances, and all renewals, extensions and modifications ofthe Contract; (b) the payment
<br />of all other sums, with interest, advanced to protect the security of this Security Instrument under the provisions of
<br />the section titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Contract. For this purpose, Borrower, in
<br />consideration of the debt and the trust herein crt:ated, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the COUNTY of HALL, State of Nebraska:
<br />
<br />Address: 4224 Shanna St, Grand Island, Nebraska 68803
<br />Legal Description: LOT EIGHT (8), DOUBLE R SUBDIVISION, CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />Parcel ID/Sidwell Number: 400155168
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements,
<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 />f!) 2004.2007 Copy'ight Compliance Syste,,~. '''', 8C9C.A223 . 2007,0L20l
<br />Consumer Rea.l Ei..tate - Security I~tru~llt DL2036
<br />
<br />Pase 1 of7
<br />
<br />www.compliancesystellls.com
<br />800-968-8522. Fax 616-'156-1868
<br />
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