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<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 0166017101
<br />
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<br />..;,;;,1
<br />
<br />DEED OF TRUST
<br />(PkEAUTHORIZED (OPEN END) CREDIT - FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />
<br />nns DEED OF TRUST ("Security Instrument") is made on March 23, 2009. The grantor is BRIAN J BUTLER
<br />and ANGELA BUTLER, HUSBAND AND WIFE, whose address is 1509 MANSFIELD RD, 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 1 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 1 PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). BRIAN J BUTLER and
<br />ANGELA BUTLER have entered into a Equity - Line of Credit ("Contract") with Lender as of March 23, 2009,
<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 Eighteen
<br />Thousand Three Hundred and 00/100 Dollars (U.S. $18,300.00) ("Credit Limit"). Any party interested in the
<br />details related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with
<br />Lender. Ifnot paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on
<br />March 15,2014. 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 Instrument under the
<br />provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument 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 />
<br />",1 Address: 1509 MANSFIELD RD, Grand Island, Nebraska 68803
<br />), Legal Description: LOT THIRTY ONE (31), GRAND WEST SUBDIVISION IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Parcel JD/Sidwell Number: 400396718
<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 />
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