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<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST 0166002162
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .October.,,,,,,,,, 6.,,,,,,, 2000,,,,,,,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />0
<br />TRUSTOR: RICHARD E KOOL JR and BONNIE JEAN KOOL, \s\
<br />husband and wife, a
<br />jointly and each in their own right
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: FIRST FEDERAL LINCOLN BANK
<br />BENEFICIARY: FIRST FEDERAL LINCOLN BANK
<br />1235 N STREET
<br />LINCOLN, NEBRASKA 68508
<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 SIXTEEN (16), WESTERN HEIGHTS THIRD SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Theproperty is located in ... HALL ......................... ............................... at ............... ...............................
<br />(County)
<br />4253, SPUR LN ,GRAND ISLAND ....................... . . . . Nebraska ..... 68803. , . , ..... .
<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 shall
<br />not exceed $ ............. z9, 000 .Q0 ......................... . 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 debt(s)
<br />secured and you should include the final maturity date of such debt(s).)
<br />PROMISSORY NOTE AND AGREEMENT DATED October 6 2000
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLNIC, FHA OR VA USE) tpag f
<br />©1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 10/7/98
<br />DOTNELfnn 8/99
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