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<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />IN Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. U- 07.70.1.............
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: WILLIAM L, GANNON and ERIKA J. GANNON, Husband and Wife
<br />2536 W. 4TH STREET
<br />GRAND ISLAND, NE 68803
<br />506.58.8026, 507 - 76.5825
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Heritage Bank
<br />110 East 9th Street
<br />Wood River, NE 68883
<br />47. 0098350
<br />BENEFICIARY: Heritage Bank
<br />110 East 9th Street
<br />P.O. Box 487
<br />Wood River, NE 68883
<br />47. 0098350
<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: LOT SIX (6), IN VIRDEN SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in . ............................... HALL .............................. at 51QA.4TK.M.UT....................
<br />(County)
<br />............................................................ . ................... ............................... . Nebraska .....................
<br />G DISLAND 6$8Q3
<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 $ . QQ, QQQ.. QQ ........ ............................... . 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. (You must specifically identify the debts)
<br />secured and you should include the ,final maturity date of such debt(s).)
<br />HERITAGE BANK LINE OF CREDIT AGREEMENT IN THE AMOUNT OF $60,000. EXECUTED BY WILLIAM L. AND ERIKA J.
<br />GANNON
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4)
<br />01994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13/99
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<br />200106832
<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />IN Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. U- 07.70.1.............
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: WILLIAM L, GANNON and ERIKA J. GANNON, Husband and Wife
<br />2536 W. 4TH STREET
<br />GRAND ISLAND, NE 68803
<br />506.58.8026, 507 - 76.5825
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Heritage Bank
<br />110 East 9th Street
<br />Wood River, NE 68883
<br />47. 0098350
<br />BENEFICIARY: Heritage Bank
<br />110 East 9th Street
<br />P.O. Box 487
<br />Wood River, NE 68883
<br />47. 0098350
<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: LOT SIX (6), IN VIRDEN SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in . ............................... HALL .............................. at 51QA.4TK.M.UT....................
<br />(County)
<br />............................................................ . ................... ............................... . Nebraska .....................
<br />G DISLAND 6$8Q3
<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 $ . QQ, QQQ.. QQ ........ ............................... . 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. (You must specifically identify the debts)
<br />secured and you should include the ,final maturity date of such debt(s).)
<br />HERITAGE BANK LINE OF CREDIT AGREEMENT IN THE AMOUNT OF $60,000. EXECUTED BY WILLIAM L. AND ERIKA J.
<br />GANNON
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4)
<br />01994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13/99
<br />6
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