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<br />LOAN NUMBER: 0166017096
<br />
<br />DEED OF TRUST
<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 January 2, 2009. The grantor is TERRANCE J
<br />SMITH, A SINGLE PERSON, whose address is 2516 W LOUISE, Grand Island, Nebraska 68803
<br />("Borrower"). Borrower is not neccssarily the same as the Person or Persons who sign the Contral:t. The
<br />obligations of Borrowers who did not sign the Contract are cxplaincd furthcr 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 'fierOne Bank,
<br />which is organized and existing under thc laws ofthe United States of America and whose address is 1235 'N' St
<br />/ PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). TERRANCE J SMITH has entered into a Equity -
<br />Line of Credit ("Contract") with Lender as of January 2, 2009, under the terms of which Borrower may, from
<br />time to time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADV ANCES)*** of Twenty-five Thousand and 00/100 Dollars (U.S.
<br />$25,000.00) ("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make
<br />advances to Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under
<br />Borrower's Contract with Lender will be due and payable on .January 15, 2014. This Security Instrument secures
<br />to Lender: (a) the repayment of the debt under the Contract, with interest, including futurc advances, and all
<br />renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with intcrest, advanced
<br />to protect the security ofthis Security Instrument under the provisions of the sel:tion titled Protection of Lender's
<br />Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Contract. For this purpose, Borrower, in l:onsideration of the dcbt and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />the COUNTY of HALL, State of Nebraska:
<br />
<br />Address: 2516 W LOUISE, Grand Island, Nebraska 68803
<br />Legal Description: LOT FIFTEEN (15) IN BLOCK NINE (9), IN ASHTON PLACE, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRAKSA
<br />Parcel lD/S idwe II Number: 400011190
<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, eXl:ept for encumbranl:es of rel:onl.
<br />
<br /><02004-2007 Copy,;ghl Comphonce SY>'em;, Inc. DRIA-j;PEI - 2ooR.02.2M
<br />C~li1surncr Re;=al E$tatl: - Security lnstI\ltrienl DL2036
<br />
<br />flagc 1 of7
<br />
<br />www.compfianccsystcms.com
<br />800..96K.85Z2 F\'\x (I) (1,,956 1!:-l(I!::
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