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<br />LOAN NUMBER; 0166017060
<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 Instrumcnt") is made on April 29, 2008. The grantor is MICHAEL T GRIM,
<br />A SINGLE PERSON, whose address is 1503 PIPER AVE, Grand Island, Nebraska 68803 ("Borrower").
<br />Borrower is not nccessarily the same as the Person or Pcrsons who sign the Contract. The obligations of Borrowers
<br />who did not sign the Contract are eXplained further in the section titlcd Successors and Assigns Bound; Joint
<br />and Several Liability; Accommodation Signers. The trustee is TierOne Bank whose address is 1235 'N' St /
<br />P.O. Box 83009, Lincoln, Ncbraska 68501 ("Trustee"). The beneficiary is TierOne Bank, which is organizcd and
<br />existing under the laws of the United States of Amcrica and whose address is 1235 'N' St / PO Box 83009,
<br />Lincoln, Nebraska 68501 ("Lender"). MICHAEL T GRIM has entered into a Equity ~ Line of Credit
<br />("Contract") with Lender as of April 29, 2008, under the terms of which Borrower may, from time to time, obtain
<br />advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING
<br />PROTECTIVE ADV ANCES)*** of Twenty~five Thousand and 00/100 Dollars (U.S. $25,000.00) ("Credit
<br />Limit"). Any party intercsted in the details related to Lender's continuing obligation to make advances to Borrowcr
<br />is adviscd to consult directly with Lender. If not paid earlier, the sums owing under Borrowcr's Contract with
<br />Lender will be due and payable on May 15, 2013. This Security Instrument secures to Lcnder: (a) the repayment
<br />of the debt undcr the Contract, with interest, including future advances, and all renewals, extensions and
<br />modifications ofthc Contract; (b) the payment of all other sums, with interest, advanced to protect the security of
<br />this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property;
<br />and (c) thc 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 foHowing described property located in thc COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 1503 PIPER AVE, Grand Island, Nebraska 68803
<br />Legal Description: LOT EIGHT (8), ISLAND ACRES NO.9 SUBDIVISION IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA, AND LOT ONE (1) EXCEPT THE
<br />SOUTHERLY SIXTY AND EIGHT~SIX HUNDREDTHS (60.86) FEET OF SAID LOT ONE (1) OF
<br />ISLAND ACRES NO. 13 SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />Parcel ID/Sidwell Number: 400049538
<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 />
<br /><G 2004-2007 Copytighl Compliance Systems. Inc. P81 A-CI511- 2IlO8.02.266
<br />Consumer Real Estate - Security In~tnlment DL2036
<br />
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