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<br />
<br />LOAN NUMBER: 9301
<br />
<br />DEED OF TRUST
<br />THIS DEED OF TRUST CONTAINS A FUTURE ADVANCE CLAUSE
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on April 28, 2008. The grantor is James C. Bishop and
<br />Nanelle S. Bishop, Husband and Wife, whose address is 2304 West Anna St., Grand Island, Nebraska 68803
<br />("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Note. The obligations of
<br />Borrowers who did not sign the Note are explained further in the section titled Successors and Assigns Bound;
<br />Joint and Several Liability; Accommodation Signers. The trustee is Pathway Bank whose address is 3333
<br />West State Street, Grand Island, Nebraska 68803 ("Trustee"). The beneficiary is Pathway Bank, which is
<br />organized and existing under the laws of the State of Nebraska and whose address is 3333 W. State St., Grand
<br />Island, Nebraska 68803 ("Lender"). James C. Bishop and Nanelle S. Bishop owe Lender a principal sum of
<br />money evidenced by a note, consumer loan agreement, or similar writing dated the same date as this Security
<br />Instrument (the "Note"), which provides for monthly payments ("Periodic Payments"), with the full debt, if not
<br />paid earlier, due and payable on November 17, 2008. The note, consumer loan agreement, or similar writing, and
<br />any future debt or obligation of Borrower to Lender as set forth in the Section titled Secured Indebtedness;
<br />Payment of Principal and Interest; Late Charges and Other Loan Charges below (the "Secured
<br />Indebtedness"), is secured by this Security Instrument in an amount not to exceed a MAXIMUM PRINCIPAL
<br />AMOUNT of Fifteen Thousand Eighty and 40/100 Dollars (U.S. $15,080.40). This Maximum Principal Amount
<br />does not include interest or other fees and charges made pursuant to this Security Instrument, nor does it include
<br />advances made under the terms of the Security Instrument to protect Lender's security or to perform any of the
<br />covenants contained herein. This Security Instrument secures to Lender the repayment of the Secured
<br />Indebtedness, and the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Secured Indebtedness. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, including future advances, and all renewals, extensions and modifications of the Note; (b) the
<br />payment of all other sums, with interest, advanced to protect the security of this Security Instrument under the
<br />provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower, in
<br />consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the Nebraska of Hall County, State of Nebraska:
<br />
<br />Address: 2304 West Anna St., Grand Island, Nebraska 68803
<br />Legal Description: THE EAST THIRTY-ONE (31) FEET OF LOT ELEVEN (11), AND ALL OF
<br />LOT TWELVE (12), IN BLOCK THREE (3), IN PARKHILL SUBDIVISION, AN ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. TAX MAP PARCEL In NO.
<br />:400073560
<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 />Secured Indebtedness. The debt evidenced by the Note and which is secured by this Security Instrument is
<br />subject to the provisions of 12 CFR 226.32. Borrower acknowledges that Borrower has received the disclosures
<br />prescribed by 12 CFR 226.32 at least three business days prior to the execution of the Note and this Security
<br />Instrument, or as otherwise required by 12 CFR 226.31. Borrower and Lender further acknowledge and agree that
<br />this Security Instrument will secure additional debt subject to 12 CFR 226.32 only if Lender satisfies the necessary
<br />requirements imposed on such debt imposed by 12 CFR 226.32 and Applicable Law.
<br />
<br />Borrower and Lender covenant and agree as follows:
<br />
<br />C 2004.2007 Copyright Compliance S)'>t","", Inc. 2941-g976. 2007.07.230
<br />Consumer Real Estate ~ Securit Instrument DL2036
<br />
<br />
<br />www.compliancesystems.com
<br />800-968-8522. f.~ 616.956.1868
<br />
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