|
' 1 2 y ° o �-+ °
<br />T
<br />w C) Z n CA
<br />jT CA N r 1 —c O Cn
<br />r1 C I gr
<br />r � r n s
<br />° N N
<br />Ce
<br />NU) 0--r
<br />0
<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isMay__ 07- {___ 2001 _- _-- __-- _- _____________ __ __ __ G
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:JERRY L DUERING and DIANNA D DUERING, husband & wife, jointly & each in a
<br />2231 BRAHMA ST
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />First Federal Lincoln Bank
<br />P.O. Box 83009 1235 'N' Street
<br />Lincoln, NE 68501
<br />BENEFICIARY:
<br />First Federal Lincoln Bank
<br />1235 'N' St / PO Box 83009
<br />Lincoln, NE 68501
<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 />LOT 10, BLOCK 1, SECOND ADDITION TO HOLCOMB'S HIGHWAY HOMES SUBDIVISION, CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in --------------------------- - - - --- Hall ------------------------------ - - - - -- at 2231- BRAHMA--ST------------
<br />(County)
<br />-------------- - - - - -- - ---- ---- - - - - -- -GRAND ISLAND Nebraska -- - - - -__ 6.8801-------- -
<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
<br />shall not exceed $_$28_,_ 000._00 --------------------------------- - This limitation of amount does not include interest and other
<br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants
<br />contained in this 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
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A Promissory Note dated 05/07/2001 Loan No: 0166002166
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) /page of 41
<br />Q 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1113199
<br />- C465(NE) (9902).01 VMP MORTGAGE FORMS - (800)521 -7291
<br />
|