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<br />State of Nebraska Space Above
<br />This Lice For Recording Data
<br />DEED OF TRUST
<br />1>
<br />(With Future Advance Clause)
<br />�—
<br />Construction Security Agreement
<br />c
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ...
<br />2 - 9 - 0 0
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTIOR: Gerald M Welliver and Geraldine J Welliver, Husband and Wife
<br />#15 Via Trivoli
<br />Grand Island NE 68803
<br />01f checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Earl D Ahlschwede, Attorney
<br />BENEFICIARY: The Equitable Building and Loan Association FSB
<br />113 -115 N Locust St
<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 sale, the following described
<br />property:
<br />The West 34.75' of Lot Fifteen (15) and the East 40.25' of Lot
<br />Sixteen (16), Block One (1), Continental Gardens, an Addition
<br />to the City of Grand Island, Hall County, Nebraska
<br />The property is located in ------ Hall- County--- - - - - -- at #15 Via:T0voli
<br />(County)
<br />Grand Island -------------- Nebraska 68803
<br />---------------
<br />(Address) (City) (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 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. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ _80,000.00 - - - - - - - - - - - - - - - - - - - - . This limitation of amount does not include interest and other fees
<br />and charges 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 FUTURE 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 all 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 />A Promisory Note Dated 2 -9 -00 Loan No.73050074
<br />NEBRASKA - D® OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) f
<br />1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97
<br />dM-C1 65(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291
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