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(1) r) <br />M <br />O <br />(7!) C/) <br />Q <br />ii <br />Z R = <br />m <br />m <br />CO2 <br />co <br />x <br />s <br />C <br />Q <br />C <br />Q <br />CID <br />Ln <br />co <br />Cn <br />t <br />� <br />a <br />� <br />w <br />N <br />State of Nebraska Space Above This <br />Line <br />For Recording <br />Data <br />— <br />REAL ESTATE DEED OF TRUST <br />(With Future Advance Clause) <br />0 Construction Security Agreement <br />1. <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isMay__ <br />10,___2001 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR:RALPH H SHOLES, and <br />MARGARET J SHOLES, husband & wife, jointly & each <br />in <br />their <br />own <br />right <br />2204 WOODRIDGE LN <br />GRAND ISLAND, NE 68801 -7235 <br />If checked, refer to the attached Addendum incorporated herein, for additional <br />Trustors, <br />their <br />signatures <br />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 30, BLOCK 1, IN BRENTWOOD SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA <br />The property is located in . Hall_____ _______________________________ at -2204 - - - WOODRIDGE LN_____________ <br />- - - - - -- - - - - -- ------- - - - - - - - <br />(County) <br />---------------------------------------------- - - - - -- ---- - - - - -- -GRAND ISLAND----------- - - - - -- , Nebraska -- 68801 -_7235 <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 $_$80,_ 190. _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 05/10/2001 Loan No: 0166002167 <br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4) <br />Q 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13/99 Rig to -5 <br />- C465INE) (9902).01 VMP MORTGAGE FORMS - (800)521.7291 <br />