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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May 01, 2000
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: DOUGLAS A HOUGH and MIA M HOUGH, HUSBAND AND WIFE
<br />4.
<br />3970 ENGLEMAN RD
<br />GRAND ISLAND, NE 68803 -9636
<br />E] If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlschwede, Attorney
<br />BENEFICIARY:
<br />The Equitable Building & Loan Association, FSB
<br />113 -115 N. Locust Street
<br />Grand Island, NE 68801 -6003
<br />CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and t
<br />secure the Secured Debt (defined below) and Trustor' s performance under this Security Instrument, Trustor irrevocab]
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following describe
<br />property:
<br />THE EASTERLY ONE -THIRD (1/3) OF LOT SEVEN (7), THE WESTERLY TWO- THIRDS (2/3) OF LOT
<br />EIGHT (8), AND THE WESTERLY ONE -THIRD OF LOT ONE (1) ALL IN BLOCK FIFTY -FOUR (54) IN
<br />THE ORIGINAL TOWN, NOW GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />i
<br />The property is located in Hal l at 118 -120 112 EAST 3RD_
<br />(County)
<br />GRAN_ D _ ISLAND , Nebraska _ _ _ 68801
<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 />I
<br />MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shal
<br />not exceed $ 70, 000.00 This limitation of amount does not include interest and other fee
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made unde
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in thi,
<br />Security Instrument.
<br />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 describe
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it i
<br />suggested that you include items such as borrowers' names, note amounts. interest rates. maturity dates, etc.)
<br />A Promissory Note dated 05/01/2000 Loan No: 0
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10127/97
<br />, - C165(NE) (9808) VMP MORTGAGE FORMS_- 800)521 -7
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