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<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 9038
<br />
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<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 February I, 2008. The grantor is Terry Boshart,
<br />Husband, and Trena A Boshart, Wife, whose address is 14663 W Husker Hwy, Wood River, Nebraska 68883
<br />("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Contract. The
<br />obligations of Borrowers who did not sign the Contract are explained further in the section titled Successors and
<br />Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is Pathway Bank whose
<br />address is PO Box 428, Cairo, Nebraska 68824 . ("Trustee"). The beneficiary is Pathway Bank, which is
<br />organized and existing under the laws of the State of Nebraska and whose address is 306 S. High PO Box 428,
<br />Cairo, Nebraska 68824 ("Lender"). Terry Boshart and Trena A Boshart have entered into a Equity - Line of
<br />Credit ("Contract") with Lender as of February 1, 2008, under the tenns of which Borrower may, from time to
<br />time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING
<br />PROTECTIVE ADV ANCES)*** of Twenty.five Thousand Forty and 50/100 Dollars (U.S. $25,040.50)
<br />("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make advances to
<br />Borrower is advised to consult directly with Lender. Ifnot paid earlier, the sums owing under Borrower's Contract
<br />with Lender will be due and payable on February 1,2011. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions and
<br />modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of
<br />this Security Instrument under the provisions ofthe section tit-led Protect-ion of Lender's Rights in the Property;
<br />and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Contract.
<br />For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall,
<br />State of Nebraska:
<br />
<br />Address: 14663 W Husker Hwy, Wood River, Nebraska 68883
<br />Legal Description: Lot One (1), Boshart Second Subdivision, Hall County, Nebraska
<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 />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />
<br />Borrower and Lender covenant and agree as follows:
<br />
<br />Payment of Principal and Interest; Other Charges. Borrower shall promptly pay when due the principal of and
<br />interest on the debt owed under the Contract and late charges or any other fees and charges due under the Contract.
<br />
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />
<br />Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br />
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)
<br />contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
<br />Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br />
<br />\02004-2007 Copyright (omplian".1,! Syst.ems, lnc ~(,()C~D{)14. ZO(l7,OI.201
<br />IC onSllmer Real Estate . seCU~I_lstrllmerlt_Q_'=2Q._3b
<br />
<br />_______'TB
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<br />Pa~e I of 5
<br />
<br />www.compliancesysterns.corll
<br />_____ ______8::9.:968-8522 - Fax 61 ".9'6'18('~1
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