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<br />DEED OF TRUST
<br />Construction Security Agreement °'
<br />d
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is November 9, 2000. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />RICHARD J LOFTEN (A SINGLE PERSON)
<br />412 N BOGGS
<br />GRAND ISLAND, Nebraska 68803
<br />TRUSTEE:
<br />CITY NATIONAL BANK AND TRUST
<br />Financial Institution
<br />800 WEST 3RD STREET
<br />HASTINGS, Nebraska 68901
<br />470126913
<br />BENEFICIARY (Lender):
<br />CITY NATIONAL BANK AND TRUST
<br />Organized and existing under the laws of the United States of America
<br />PO Box 349
<br />800 West 3rd Street
<br />Hastings, Nebraska 68902 -0349
<br />470126913
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot Three (3) and the Northerly Six Feet (6') of Lot Two (2), in Block Eleven (11), Packer and Barr's Addition
<br />to the City of Grand Island, Hall County, Nebraska
<br />The Property is located in HALL County at 412 North Boggs, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, or at any time in the future, be part of the real estate described (all referred to
<br />as Property). This Security Instrument will remain in effect until the Secured Debts and all underlying
<br />agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $11,874.78. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. LINE #, dated November 9, 2000, from Grantor to Lender, in the
<br />amount of $11,874.78 with an interest rate of 10.5 percent per year maturing on November 9, 2005.
<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that Lender fails to provide notice of the right of rescission, Lender waives any subsequent
<br />security interest in the Grantor's principal dwelling that is created by this Security Instrument. This Security
<br />Instrument will not secure any debt for which a non - possessory, non - purchase money security interest is
<br />created in "household goods" in connection with a "consumer loan," as those terms are defined by federal
<br />law governing unfair and deceptive credit practices. This Security Instrument will not secure any debt for
<br />which a security interest is created in "margin stock" and Lender does not obtain a "statement of purpose,"
<br />as defined and required by federal law governing securities.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />RICHARD J LOFTEN
<br />Nebraska Deed Of Trust Initials '� /
<br />NE/ 3CNB2306EF000000000000003800000039nC ©1996 Bankers Systems, Inc., St. Cloud, MN Page 1
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<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />Construction Security Agreement °'
<br />d
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is November 9, 2000. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />RICHARD J LOFTEN (A SINGLE PERSON)
<br />412 N BOGGS
<br />GRAND ISLAND, Nebraska 68803
<br />TRUSTEE:
<br />CITY NATIONAL BANK AND TRUST
<br />Financial Institution
<br />800 WEST 3RD STREET
<br />HASTINGS, Nebraska 68901
<br />470126913
<br />BENEFICIARY (Lender):
<br />CITY NATIONAL BANK AND TRUST
<br />Organized and existing under the laws of the United States of America
<br />PO Box 349
<br />800 West 3rd Street
<br />Hastings, Nebraska 68902 -0349
<br />470126913
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot Three (3) and the Northerly Six Feet (6') of Lot Two (2), in Block Eleven (11), Packer and Barr's Addition
<br />to the City of Grand Island, Hall County, Nebraska
<br />The Property is located in HALL County at 412 North Boggs, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, or at any time in the future, be part of the real estate described (all referred to
<br />as Property). This Security Instrument will remain in effect until the Secured Debts and all underlying
<br />agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $11,874.78. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. LINE #, dated November 9, 2000, from Grantor to Lender, in the
<br />amount of $11,874.78 with an interest rate of 10.5 percent per year maturing on November 9, 2005.
<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that Lender fails to provide notice of the right of rescission, Lender waives any subsequent
<br />security interest in the Grantor's principal dwelling that is created by this Security Instrument. This Security
<br />Instrument will not secure any debt for which a non - possessory, non - purchase money security interest is
<br />created in "household goods" in connection with a "consumer loan," as those terms are defined by federal
<br />law governing unfair and deceptive credit practices. This Security Instrument will not secure any debt for
<br />which a security interest is created in "margin stock" and Lender does not obtain a "statement of purpose,"
<br />as defined and required by federal law governing securities.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />RICHARD J LOFTEN
<br />Nebraska Deed Of Trust Initials '� /
<br />NE/ 3CNB2306EF000000000000003800000039nC ©1996 Bankers Systems, Inc., St. Cloud, MN Page 1
<br />
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