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<br />LOAN NUMBER: 9497
<br />
<br />I",t ,."
<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 July 1, 2008. The grantor is CLYDE J. MEIS,
<br />HUSBAND, and ROSEMARY A. MEIS, WIFE, whose address is 3128 BRIARWOOD BLVD, Grand Island,
<br />Nebraska 68801 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the
<br />Contract. The obligations of Borrowers who did not sign the Contract are explained further in the section titled
<br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />Pathway Bank whose address is 3333 West State Street, Grand Island, Nebraska 68803 ("Trustee"). The
<br />beneficiary is Pathway Bank, which is organized and existingunder the laws of the State ofNebras~a and whose
<br />address is 3333 W. State St., Grand Island, Nebraska 68803 ("Lender"). CLYDE J. ME IS and ROSEMARY A.
<br />ME IS have entered into a Eq uity ~ Line of Credit ("Contract") with Lender as of July 1, 2008, under the terms of
<br />which Borrower may, from time to time, obtain advances not to exceed, at any time, a ***MAXIMUM
<br />PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Fifteen Thousand and
<br />00/100 Dollars (U.S. $15,000.00) ("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. If not paid earlier,
<br />the smus owing under Borrower's Contract with Lender will be due and payable on July 5, 2009. 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 Security Instrument 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 NEBRASKA of HALL COUNTY, State of Nebraska;
<br />Address: 3128 BRIARWOOD BLVD, Grand Island, Nebraska 68801
<br />Legal Description: LOT NINETEEN (19), BLOCK TWO (2), BRENTWOOD SUBDIVISION, CITY
<br />OF GRAND ISLAND, 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. AU 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 conyeyedand 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 ful11ish 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 />C 2004-2007 Copyright Compliance Systems, Inc. 294) ~FD7D - 2007.07.230 www.compliancesystems.com
<br />
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