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<br />35,50
<br />
<br />(Space Above This Line For Recording Dala)
<br />
<br />LOAN NUMBER: 0] 66017394
<br />
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />
<br />TillS DEED OF TRUST ("Security Instrument") is made on November 28, 2008, The grantor is .JEFFERY n
<br />SETLIK and MICHELLE L SETLIK, HUSBAND AND WIFE, whose address is 3008 SUNFLOWER DR,
<br />Grand Island, Nebraska 68801 ("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 I P.O. Box 83009, Lincoln, Nebraska 68501 ("Trustee"). The
<br />beneficiary is TierOne Bank, which is organized and existing under thc laws ofthc United States of America and
<br />whose addrcss is 1235 'N' St / PO Box 83009, Lincoln, Nebraska 68501 ("Lcnder"), JEFFERY D SETLIK and
<br />MICHELLE L SETLIK have entered into a Equity - Line of Credit ("Contract") with Lender as of November
<br />28,2008, under the terms of which Borrower may, fi'om time to time, obtain advances not to exceed, at any timc, a
<br />***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Sixty
<br />,Thousand and 00/]00 Dollars (US, $60,000.00) ("Credit Limit"). Any party interested in the details relatcd to
<br />Lcnder's continuing obligation to make advances to Borrower is advised to consult directly with Lender. If not
<br />paid earlier, the SUlllS owing under Borrower's Contract with Lender will be due and payable on December ]5,
<br />2013. This Security Instrument secures to Lender: (a) the repaymcnt 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 titlcd Protection of Lender's Rights in the l'roperty; 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 lllld the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />following dcscribed property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 3008 SUNFLOWER DR, Grand Island, Nebraska 6880]
<br />Legal Description: LOT TWELVE (12), MEADOW LANE THIRD SUBDIVISION, HALL
<br />COUNTY, NEBRASKA
<br />PareellD/Sidwell Number: 400213540
<br />
<br />TOGETHER WITH all the improvcmcnts 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 />@2004-2007 Cupyrisht COll1pliancl:: S~lcms, Inc. 081A-A9E5 - 2008.02.266
<br />Consumer Real Eslate - S~(;lJriLy ImHrumcllt DL2036
<br />
<br />Page I on
<br />
<br />www.cOlnpliilllceS).!iIl::01s.com
<br />800.968-8522 - Fo< 616-956-1868
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