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<br />200808250
<br />
<br />35.50
<br />
<br />(Sj>Ace Above This Line For Recording DJ.ta)
<br />
<br />LOAN NUMBER: 0166017066
<br />
<br />DEED OF TRUST
<br />
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />
<br />BY THIS DEED OF TRUST)
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on September 12, 2008. The grantor is BRADLEY J
<br />FOSTER and MICHELLE R FOSTER, HUSBAND AND WIFE, whose address is 1711 HANOVER LN,
<br />Grand Island, Nebraska 68803 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br />sign the Contract. The obligations of Borrowers who did not sign the Contract are explained further in the section
<br />titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />TierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 ("Trustee"). The
<br />beneficiary is TierOne Bank, which is organized and existing under the laws of the United States of America and
<br />whose address is 1235 'N' St / PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). BRADLEY J FOSTER and
<br />MICHELLE R FOSTER have entered into a Equity w Line of Credit ("Contract") with Lender as of
<br />September 12,2008, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at
<br />any time, a ***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADV ANCES)*** of
<br />Fifteen Thousand and 00/100 Dollars (U.S. $15,000.00) ("Credit Limit"). Any party interested in the details
<br />related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender.
<br />If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on
<br />September 15,2013. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract,
<br />with interest, including future advances, and all renewals, extensions and modifications of the Contract; (b) the
<br />payment of all other sums, with interest, advanced to protect the security of this Security Illstrument under the
<br />provisions of the rection tit~f'~"~I'~t~,cti~~~ofJ.~~,~,~r'~,~~h,~~,JY,, th.~,,,~~o~erty;attd. (c), th~.,performance of
<br />Borrower's covenants and agre~etit$ findef tltn ~lty!nStt'tl'ffl&tt and the Contract. For thiS purpose, Borrower,
<br />in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 1711 HANOVER LN, Grand Island, Nebraska 68803
<br />Legal Description: LOT TWO (2), BLOCK FOUR (4), BEL AIR ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Parcel In/Sidwell Number: 400015978
<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 Copyri8ht CO"1'liance Systems. Inc. D8IA.3EF8 - 2008.02.266
<br />Consumer Real Estate. Security Ii'lstnItnCnt DL2036
<br />
<br />pasc 1 of7
<br />
<br />www.compliancesystcms.com
<br />8(l()..968~22 - Fax 616-956-1868
<br />
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