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<br /> tate of e raska Space Above Tltis Line For Recording Data ,
<br /> DEED OF TRUST C��
<br /> (With Future Advance Clause)
<br /> � Construction Security Agreement �'
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is January_ 31,__2000 �,S J
<br /> ------ ------------ .�
<br /> and the parties, their addresses and t�identification numbers, if required, are as follows: �
<br /> TRUSTOR: R03S E LYON and CASSONDRA D LYON, HUSBAND AND WIFE
<br /> 815 E BI3MARR
<br /> GRAND I3LAND, NE 68801
<br /> � If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and :
<br /> acknowledgments. :
<br /> TRUSTEE:
<br /> Earl D Ahlschwede, Attorney
<br /> BENEFICIARY:
<br /> The Equitable Building & Loan Association, F3B :
<br /> 113-115 N. Locust Street
<br /> Grand Island, NE 68801-6003
<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 sa1e, the following described
<br /> property: 1r
<br /> LOT SIX (6) , BIACIC TWO (2) , PONDER03A LAKE E3TATES/�RANDd I� 1�].V7.S�021OUNTY, :
<br /> NAT.T. C
<br /> �i�.4�
<br /> Thepropertyislocatedin_________________ Hall _________________ at #145_ PONDER03A
<br /> - ---——--------
<br /> (County)
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<br /> __ ______GRAND_ISLAND_________ , Nebraska_____68801_____
<br /> (Address) (City) (ZIP Code) :
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, a11 water and riparian
<br /> rights, ditches, and water stock and all existing and 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. MAI�IIMUM OBLIGATION LINIIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed$ 125�000.00 . This limitation of amount does not include interest and other fees
<br /> --------------------
<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 Beneficiazy's security and to perform any of the covenants contained in this
<br /> Security Instrument. :
<br /> 4. SECURED DEBT AND FUTURE ADVANCES. The term"Secured Debt" is defined as follows:
<br /> A. Debt incurred under the terms of a11 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, maturiry dates, etc.) �
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