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<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 0166015632
<br />
<br />DEED OF TRUST
<br />
<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 May 23, 2008. The grantor is KEN B MOFFETT
<br />and SU Z MOFFETT, HUSBAND & WIFE, whose address is 1422 S SYLVAN, Grand Island, Nebraska
<br />68801 ("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 TierOne Bank whose
<br />address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 ("Trustee"). The beneficiary is TierOne Bank,
<br />which is organized and existing under the laws of the United States of America and whose address is 1235 'N' St
<br />/ PO Box 83009, Lincoln, Nebraska 68501 ("Lender"), KEN B MOFFETT and SU Z MOFFETT have entered
<br />into a Equity - Line of Credit ("Contract") with Lender as of May 23, 2008, under the terms of which Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADV ANCES)*** of Sixty-three Thousand Nine Hundred Seventy and
<br />00/100 Dollars (U.S, $63,970.00) ("Credit Limit"), Any party interested in the details related to Lender's
<br />continuing obligation to make advances to Borrower is advised to consult directly with Lender. Ifnot paid earlier,
<br />the sums owing under Borrower's Contract with Lender will be due and payable on May 15,2013.. This Security
<br />Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest, including future
<br />advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with
<br />interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements
<br />under this Secui'ity Instrumt'nt and the Contract For this purpose, Borrower, in consideration of the debt and the
<br />trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 1422 S SYLVAN, Grand Island, Nebraska 68801
<br />Legal Description: THE SOUTHERLY FORTY-SEVEN (47) FEET OF THE EASTERLY ONE
<br />HUNDRED THIRTY-TWO (132) FEET OF BLOCK TWELVE (12) IN PLEASANT HOME
<br />SUBDIVISION OF A PART OF THE EAST HALF OF THE SOUTHEAST QUARTER (El/2 SEl/4)
<br />OF SECTION TWENTY-ONE (21), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST
<br />OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA; AND THE NORTHERLY FORTY-SEVEN
<br />(47) FEET OF THE SOUTH NINETY-FOUR (94) FEET OF THE EAST ONE HUNDRED THIRTY-
<br />TWO (132) FEET OF THE SOUTH HALF (SlI2) OF BLOCK TWELVE (12) IN PLEASANT
<br />HOME SUBDIVISION OF A PART OF THE EAST HALF OF THE SOUTHEAST QUARTER (El/2
<br />SEl/4) OF SECTION TWENTY-ONE (21), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9)
<br />WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA
<br />
<br />02004.2007 COPl'Tight Compl..nce Systems, Inc. D8IA-C8E2 - 2ooR.02.266
<br />Consumer Real Estate. Security Instrument DL2036
<br />
<br />Page I of7
<br />
<br />www.compliancesystems.com
<br />8oo-968-R522 - fax 616-956.IM6M
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