200904554 - Laserfiche WebLink

Browse

r V ~O' n ~? ^y m tV ~ ~ ~ ~ m n ~ ~ ~ r ~ ~~ ~ ~ C~ f"t'1 ~ C. O ~_ ~ ca ~~ ~- rn Z fJ'I ~ ~ ~ n ~ ~ ~ ~ ~ t~ ~~ rh cn to C1"t C m r ~ ~- ~ ~ ~ ~" ~ ~ o _ ~ u, 0 .. 3s SO (Space Above This Line Fnr Recording Pata) LOAN NUMBER: 0166017931 DEED OF TRUST (PREAUTHORIZED (OPEN END) CREDIT -FUTURE ADVANCES ARE SECURED BY THIS DEED OF TRUST) THIS DEED OF TRUST ("Security instrument") is made on May 26, 2009. The grantor is GURDON L O'NEILL and COLLEEN K O'NEILL, HUSBAND AND WIFE, whose address is 62 KUESTER LAKE, Grand Island, Nebraska 68801. ("Borrower"). Borrower is nat necessarily the same as the Person or Persons who sign the Contract. The obligations of Borrowers who did not sign the Contract are explained further in the section titled Successors and Assigns Ronnd; Joint and Several Liabiliky; Accommodation Signers. The trustee is TierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 ("Trustee"). The beneficiary is TierOne Bank, which is organized and existing under the laws of the United States of America and whose address is 1235'N' St / PO Box 83009, Lincoln, Nebraska 68501 ("Lender"). GORDON L O'NEILI, and COLLEEN K U'NEILL have entered into aEquity -Line of Credit ("Contract") with Lender as of May 26, 2009, under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL. AMOUNT (EXCLUDING PROTECTNE ADVANCES)*** of Thirty-five Thousand and 00/100 Dollars (U.S. $35,000.00) ("C:redit Limit"). Any party interested in the details related to Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender. if not paid earlier, the sums owing under Borrower's Contract with Lender will be due and payable on Junc 1S, 2014. This Security Instrument secures to Lender: (a) the repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of HALL, state of Nebraska: Address: 62 KUESTER LAKE, Grand Island, Nebraska 68801 Legal Description: LOT SEVEN (7), SITUATED ON TI-IE EAST SIDE OF THE WEST PUR'1'IUN OF KUESTER LAKE AND $EING ON A PART OF "I'IIE EAST HALF OF THE SOUTHWF,ST QUARTER (E1/2 SW1/4) IN SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH, RANCE NINE (9) WES"1' OF 1'IIE 6TII P.M., IN HALL COUNTY, NEBRASKA Parcel ID/Sidwetl Number: x00296055 TOCETI~ER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Tnstrument. All of the foregoing is referred to in this Security Instrument as the "Property." ~ 2004-200ft Copyright Cvmpliuncc systcnls, Inc. 74F.D-959fi- 200ft.1U.2R9 w.compliunucny.rcmh.cam Consumer Real Gs'I~le - Securiry Instrurnanl DL203fi Fngc I of 7 800-968-8522 - Fnx 616-956-I ftfiR