|
~~ ~ ~5\ C7 U> C~ ~
<br />X41 nn c~ C~ ---r
<br />o rn ~ ~1 ~ z a ~ ~• -~ ~ ~ rv m
<br />~ ~" ~ t" n 1'1 ~ ~ ~ (V ~ ~ GD _
<br />\ - ........ ~ 171
<br />~ ~ ~ W ~ t,,;~ ~
<br />N
<br />~ 3S• Sd
<br />(Space Above This Line For Recording Data)
<br />LOAN NUMBER: 0166017398
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT -FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on May 19, 2009. The grantor is NANCY E
<br />SCHISLER and. THOMAS L SCHISLER, WIFE AND HUSBAND, whose address is 3107 KENNEDY CIR,
<br />Grand Island, Nebraska 68803-3463 ("Borrower"). Borrower is not necessarily the same as the Person or Persons
<br />who sign the Contract. The obligations of Borrowers who dtd not sign the Contract are explained further in the
<br />section titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The
<br />trustee is TierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 ("Trustee").
<br />The beneficiary is TierOne Bank, which is organized and existing under the laws of the United States of America
<br />and whose address is 1235'N' St / PO Box 83009, Lincoln, Nebraska 68501. ("Lender"), NANCY E SCHISLER
<br />and THOMAS L SCHISLER have entered into aEquity -Line of Credit ("Contract") with Lender as of May
<br />1.9, 2009, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />***MAXIMU1vI PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Fifty-seven
<br />Thousand Six Hundred and 00/100 Dollars (U.S. $57,600.00) ("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. If not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on
<br />May 15, 2014. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with
<br />interest, including future advances, and all renewals, extensions and modifications of the Contract; (b) the payment
<br />of all other sums, with interest, advanced to protect the security of this Security instrument under the provisions of
<br />the section titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Contract. For this purpose, Borrower, in
<br />Wonsideration 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: 3107 KENNEDY CIR, Grand Island, Nebraska 68803-3463
<br />Legal Description: LOT 2, BLOCK 1, COLONIAL ESTATES SIXTH SUBDIVISION, TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Parcel ID/Sidwell Number: 400293153
<br />TOGETHER WITNI 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 />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 />W 2004-2008 Copyright Compliance Systems, Inc. 74ED-S~F7 • 2WB.I 0.289 www.cnmpliancesystems.com
<br />Cunzumur Real Cstate -Security Instrument OL2U3G Fagc I of 7 800-9G8-8522 -Fax GIG956-18Gg
<br />
|