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TRUSTOR:LAURENCE P SCHAFER
<br />VIRGINIA A SCHAFER, FKA VIRGINIA A WISSBAUM, husband and wife, jointly
<br />each in own right
<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 9, BLOCK 6, MORRIS FOURTH ADDITION TO THE CITY OF GRAND ISAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in --------------------------------- Hall________ ______________________ ______at 211 --- E --- 20TH - - - ST______________ --- ______
<br />------------ - - -- _ -
<br />(C -nty)
<br />----------------------------------------------------------- - - - - -- -GRAND ISLAND----------- - - - - -- , Nebraska -- 6880.1 -2448
<br />-------- - - - - -- - ---------- ---- - - - - -- - - - --
<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 $_$_2_5,_0 0 0.0 0 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 identift
<br />the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A Promissory Note dated 07/23/2001 Loan No: 0166002963
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) page I of )
<br />Oc 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13/99
<br />�� C465(NE) (9902).ot VMP MORTGAGE FORMS - (800)521 -7291
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<br />State of Nebraska
<br />Space Above This
<br />Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />E] Construction Security Agreement
<br />1. DATE AND PARTIES. The
<br />date of this Deed of Trust (Security Instrument) isJul__
<br />23,__ _2001_____________________
<br />__
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:LAURENCE P SCHAFER
<br />VIRGINIA A SCHAFER, FKA VIRGINIA A WISSBAUM, husband and wife, jointly
<br />each in own right
<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 9, BLOCK 6, MORRIS FOURTH ADDITION TO THE CITY OF GRAND ISAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in --------------------------------- Hall________ ______________________ ______at 211 --- E --- 20TH - - - ST______________ --- ______
<br />------------ - - -- _ -
<br />(C -nty)
<br />----------------------------------------------------------- - - - - -- -GRAND ISLAND----------- - - - - -- , Nebraska -- 6880.1 -2448
<br />-------- - - - - -- - ---------- ---- - - - - -- - - - --
<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 $_$_2_5,_0 0 0.0 0 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 identift
<br />the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A Promissory Note dated 07/23/2001 Loan No: 0166002963
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) page I of )
<br />Oc 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13/99
<br />�� C465(NE) (9902).ot VMP MORTGAGE FORMS - (800)521 -7291
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