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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Nay_ 17, 2000 It
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: --------------- - - - --
<br />TRUSTOR: KEVIN J LARSEN and ANITA N LARSEN, HUSBAND AND WIFE
<br />512 N KENNEDY PLACE
<br />GRAND ISLAND, NE 68803
<br />01f 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
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevoca
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following descril
<br />property:
<br />7KI$1X(�bY�:, BLOCK FOUR (4) , PONDEROSA LAKE ESTATES, GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in ----------------- Hall ----------------- at LOT 64 PONDEROSA DR
<br />(County)
<br />----- - - - -__ _____________ _ _ _ _ _, GRAND-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 riparia>i
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that ma,
<br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property ").
<br />MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time sh,
<br />not exceed $ 3 8 0, 0 0 0.0 0 -------------------- - This limitation of amount does not include interest and other fe
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made and
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in tt
<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. (M&n referencing the debts be<ow it
<br />suggested that you incCude items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 05/17/2000 Loan No: 73050108
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />1994 Bcnkers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97
<br />I- C165(NE) (9808) VMP KA0DTr_nrr cnounc
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