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<br /> DEED OF TRUST
<br /> DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is December 23, 1999. The parties :
<br /> and their addresses are: �'
<br /> d
<br /> TRUSTOR (Grantor): '
<br /> N. STANLEY NELSON Q
<br /> 1424 E 5TH ST
<br /> GRAND ISLAND, Nebraska 68801
<br /> Spouse of
<br /> JANET L. NELSON
<br /> 1424 E 5TH ST
<br /> GRAND ISLAND, Nebraska 68801
<br /> Spouse of :
<br /> TRUSTEE:
<br /> THE OVERLAND NATIONAL BANK OF GRAND ISLAND
<br /> Financial Institution
<br /> PO Box 1688
<br /> Grand Island, Nebraska 68802-1688
<br /> 470261795
<br /> BENEFICIARY (Lenderl:
<br /> OVERLAND NATIONAL BANK OF GRAND ISLAND
<br /> Organized and existing under the laws of the United States of America
<br /> 304 West 3rd Street
<br /> Grand Island, Nebraska 68802
<br /> 47-0261795
<br /> 1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br /> and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br /> grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br /> described property:
<br /> Lot Eight (81, in Block Thirteen (13►, in Lambert's Addition tothe City of Grand Island, Hall County, Nebraska.
<br /> The Property is located in Hall County at 1424 E 5th St., Grand Island, Nebraska 68801.
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br /> riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, and
<br /> replacements that may now, or at any time in the future, be part of the real estate described (all referred to as
<br /> Propertyl. This Security Instrument will remain in effect until the Secured Debts and all underlying agreements
<br /> have been terminated in writing by Lender. :
<br /> 2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br /> time will not exceed 545,742.00. This limitation of amount does not include interest and other fees and charges
<br /> validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br /> the terms of this Security Instrument to protect Lender's security and to perform any of the covenants contained
<br /> in this Security Instrument. :
<br /> 3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br /> A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br /> replacements. A promissory note, dated December 23, 1999, from Grantor to Lender, in the amount of
<br /> $7,217.17 with interest at the rate of 9.25 percent per year maturing on December 25, 2003.
<br /> B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br /> specifically referenced, or�if the future debt is unrelated to or of a different type than this debt. If more than
<br /> one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br /> with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br /> commitment to make additional or future loans or advances. Any such commitment must be in writing. In the
<br /> event that Lender fails to provide notice of the right of rescission, Lender waives any subsequent security
<br /> interest in the Grantor's principal dwelling that is created by this Security Instrument. This Security
<br /> Instrument will not secure any debt for which a non-possessory, non-purchase money security interest is
<br /> created in "household goods" in connection with a "consumer loan," as those terms are defined by federal
<br /> law governing unfair and deceptive credit practices. This Security Instrument will not secure any debt for
<br /> which a security interest is created in "margin stock" and Lender does not obtain a "statement of purpose,"
<br /> as defined and required by federal law governing securities.
<br /> N.STANLEY NELSON
<br /> Nebraska Dead Of Trust Initials '
<br /> NE/2rotza05AD000000000000003700000038n5 mt996 Bankers Systems,Inc.,St.Cloud,MN pe9e�
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