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<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 0160279116
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on February 26, 2008. The grantor is HARRY W
<br />MCDERMOTT and ELISABETH MCDERMOTT, HUSBAND AND WIFE, whose address is 1723 N
<br />TAYLOR AVE, Grand Island, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the
<br />Person or Persons who sign the Note. The obligations of Borrowers who did not sign the Note are explained
<br />further in the section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation
<br />Signers. The trustee is TierOne Bank whose address is 1235 'N' St 1 P.O. Box 83009, Lincoln, Nebraska 68501 .
<br />("Trustee"). The beneficiary is "fierOne Bank, which is organized and existing under the laws of the United States
<br />of America and whose address is 1235 'N' St 1 PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). HARRY W
<br />MCDERMOTT and ELISABETH MCDERMOTT owe Lender the principal sum of Seventeen Thousand
<br />Four Hundred Fourteen and 84/100 Dollars (U.S. $17,414.84), which is evidenced by the note, consumer loan
<br />agreement, or similar writing dated the same date as this Security Instrument (the "Note"), which provides for
<br />periodic payments ("Periodic Payments"), with the full debt, if not paid earlier, due and payable on March 2, 2011.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and
<br />all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced
<br />to protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COUNTY of HALL, State of Nebraska:
<br />
<br />Address: 1723 N TAYLOR AVE, Grand Island, Nebraska 68803
<br />Legal Description: SOUTH FIVE FEET OF LOT 4, NORTH THREE FEET OF LOT S & ALL OF
<br />LOT 6, BLOCK 19, SCARFF'S ADDITION TO WEST LAWN, CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />Parcel ID/Sidwell Number: 400088576
<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 ofrecord.
<br />
<br />~') 200~.2007 COP>TIght Compliance $Y"e1ns. Inc. 8C9C-69FD. 2007,01.201
<br />COIi~uTner Real Estate .' Security Instrument DL2036
<br />
<br />Page I of!)
<br />
<br />www.compliancesystcms.com
<br />800.968-8522 - Fax 616-956-1868
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