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<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 0166017161
<br />
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE Anv ANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on July 3, 2008. The grantor is GEORGE DAVIS and
<br />SANDRA D DAVIS, HUSBAND AND WIFE, whose address is 203 E 12TH ST, 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 ofthe United States of America and whose address is 1235 'N' St
<br />I PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). GEORGE DAVIS and SANDRA D DAVIS have entered
<br />into a Equity - Line of Credit ("Contract") with Lender as of July 3, 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 Fifty Thousand and 00/100 Dollars (U.S. $50,000.00)
<br />("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make advances to
<br />Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract
<br />with Lender will be due and payable on July 15, 2013. This Security Instrument secures to Lender: (a) the
<br />repayment ofthe debt under the Contract, with interest, including future advances, and all renewals, extensions and
<br />modifications ofthe Contract; (b) the payment of all other sums, with interest, advanced to protect the security of
<br />this Security Instrument under the provisions ofthe section titled Protection of Lender's Rights in the Property;
<br />and (c) the 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 following described property located in the COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 203 E 12TH ST, Grand Island, Nebraska 68801
<br />Legal Description: LOT 5, BLOCK 39, RUSSELL WHEELER'S ADDITION, CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />Parcel ID/Sidwell Number: 400122391
<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 />
<br />C 2004-2007 Copyright Complionce Systems. Inc. D8IA.699E. 2008.02.266
<br />Consumer Real Estate. Security instrument DL2036
<br />
<br />Poge I nf7
<br />
<br />www.compliancesystems.com
<br />800-968-8522 - Fox 616-956-1868
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