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<br />LOAN NUMBER: 0166017163
<br />
<br />(Space Above This Line For Rc~9rding Data)
<br />
<br />3~IOO
<br />
<br />DEED OF TRUST
<br />
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADY ANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on July 26, 2008. The grantor is DANNY D JOHN and
<br />JENNIFER L JOHN, HUSBAND & WIFE, whose address is 1009 N HOWARD AVE, Grand Island,
<br />Nebraska 68803 ("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 />TierOne Bank whose address is 1235 'N' St I P.O. Box 83009, Lincoln, Nebraska 68501 ("Trustee"). The
<br />beneficiary is TierOne Bank, which is organized and existing under the laws ofthe United States of America and
<br />whose address is 1235 'N' St I PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). DANNY D JOHN and
<br />JENNIFER L JOHN have entered into a Equity - Line of Credit ("Contract") with Lender as of July 26, 2008,
<br />under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADV ANCES)*** of Seventy
<br />Thousand and 001100 Dollars (U.S. $70,000.00) ("Credit Limit"). Any party interested in the details related to
<br />Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br />paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on July 15, 2013.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest,
<br />including future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all
<br />other sums, with interest, advanced to protect the security of this Security Instrument under the provisions of the
<br />section titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants
<br />and agreements under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of
<br />the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />following described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 1009 N HOWARD AVE, Grand Island, Nebraska 68803
<br />Legal Description: THE SOUTHERLY 1/2 OF LOT 8 AND THE NORTHERLY 38 1/2 FEET OF
<br />LOT 9, IN BLOCK 16, IN WEST PARK ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />ParcellD/Sidwe11 Number: 400118904
<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. II
<br />
<br />0::> 2004.2007 Copyright Compliance Systems, Inc. D81A-A553 - 2008.02.266
<br />Consumer Real Estate ~ Security Instrument DL2036
<br />
<br />Page 10f7
<br />
<br />www.compliancesystems.com
<br />800-%8-8522 - fax 616-956-1~6~
<br />
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