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<br />200903246 <br /> <br />(E) "Debt Instrument" means the loan agreement or other credit instrument signed by Borrower and dated <br />APRIL 17.2009. The Debt Instrument states that Borrower owes Lender, or may owe Lender, an amount that <br />may vary from time to time up to a maximum principal sum outstanding at anyone time of, TWENTY-FIVE <br />THOUSAND AND 001100THS Dollars (U.S. $25.000.00) plus interest. Borrower has promised to pay this debt <br />in Periodic Payments and to pay the debt in full not later than seven (7) calendar days after Mav 17. 2049. <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property. " <br />(G) "Loan" means all amounts owed now or hereafter under the Debt Instrument, including without limitation <br />principal, interest, any prepayment charges, late charges and other fees and charges due under the Debt <br />Instrument, and also all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br /> <br />~ Leasehold Rider <br />~ Third Party Rider <br /> <br />iNIAl Other(s) [specify] <br /> <br />NIA <br /> <br />(I) "Master Form Deed of Trust" means the Master Form Deed of Trust dated AUl!Ust 14. 2007, and <br />recorded on September 19. 2007, as Instrument No. 0200708091 in Book nla at Page nla in the Office of the <br />Register of Deeds ofHaU County, State of Nebraska. <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all future advances, renewals, <br />extensions and modifications of the Debt Instrument, including any future advances made at a time when no <br />indebtedness is currently secured by this Security Instrument; and (ii) the performance of Borrower's covenants <br />and agreements under this Security Instrument and the Debt Instrument. For this purpose, Borrower irrevocably <br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the <br /> <br />County <br />[Type of Recording Jurisdiction] <br /> <br />of Hall <br />[Name of Recording Jurisdiction] <br /> <br />THE FOLLOWING DESCRIBED REAL ESTATE IN HALL COUNTY, NEBRASKA: LOT SIX (6), IN <br />FRACTIONAL BLOCK SIX (6), IN H.G. CLARK'S ADDITION TO THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA. <br /> <br />which currently has the address of <br /> <br />GRAND ISLAND <br />[City] <br /> <br />903 NORTH CLEBURN STREET <br />[Street] <br />, Nebraska 68801 ("Property Address"): <br />[Zip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all <br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions <br />shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument <br />as the "Property." The Property shall also include any additional property described in Section 20 of the Master <br />Form Deed of Trust. <br /> <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has <br />the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of <br /> <br />NEBRASKA - SHORT FORM OPEN-END SECURITY INSTRUMENT <br /> <br />liiiiiii.iiilliliiillllllliillll <br /> <br />(page 2 of 4 pages) <br /> <br />Documents Processed 04-16-2009,12:55:02 <br />