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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF T1tUST
<br /> (With Ftiture Advance Clause)
<br /> ❑ Construction Security Agreement
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .......I?ecember.30,.,1999..........
<br /> and the partie�, their addresses and tax identification numbers, if required, are as follows: �
<br /> �
<br /> TRUSTOR: DEL�TIS D. NELSON ��
<br /> A SIl�GL�E PERSON
<br /> 404 W. 7TH
<br /> GRAI�ID ISI�ND, NE 68801
<br /> Social Security #: 505-70-9068
<br /> ❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE: BANK OF WOOD RIVER
<br /> P.O. BOX 487
<br /> WOOD RIVER, NE 68883-0487
<br /> Ta�ayer I.D. #: 47-0098350
<br /> BENEFICIARY:BANK OF WOOD RIVER dba HERITAGE BAI�TK GRAND ISL�ND
<br /> Organ.i.zed and existing under the laws of the state of Nebraska
<br /> P.O. BOX 5138
<br /> GRAND ISLAND, NE 68802
<br /> Ta�ayer I.D. #: 47-0098350
<br /> 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br /> secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably
<br /> grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the foliowing described
<br /> property: IIJT EIC�i'I' (8) , BLpC�C ONE HLII�IDRID 'IV�F�N'!'Y THIZEE (123) UNION PACIFIC RAILV�Y
<br /> CC)MPANY'S SECOND ADDITION 'Il7 T�IE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> Theproperty is located in��............................................................. at ..............................................
<br /> (Counry)
<br /> 404„W. 7TH GRAND.ISL�Al�]D.............................. Nebraska . 68801.............
<br /> ....................................................
<br /> (Address) (Ciry) (ZIP Code)
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian !
<br /> rights, ditches, and water stock and all existing an3 future improvements, structures, fixtures, and replacements that may
<br /> now, or at any time in the future, be part of the real estate described above(all referred to as "Property").
<br /> 3. MAXIMiJM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall �
<br /> not exceed $50.,0 00.;0 0................................... . �is limitation of amount does not include interest and other fees
<br /> and chazges 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 Beneficiary's security and to perform any of the covenants contained in this
<br /> Security Instrument.
<br /> 4. SECURED DEBT AND FUT'URE ADVANCES. The term "Secured Debt" is defined as follows:
<br /> A.Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described �
<br /> below and a11 their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br /> suggested that you include items such as borrowers'names, note amounts, interest rates, maturity dates, etc.)
<br /> $50,000.00, 10.5% TK7I'E DATID 12/30/99
<br /> NEBRASKA-DEED OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA USE) '\�� (page 1 Of 4I
<br /> �1994 Bankers Systems,Inc.,St.Cloud,MN (1-800397-2341) Form RE-DT-NE 10/27/97 . V',
<br /> �.> � 11 {1 , "� t� ' a
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