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<br /> State of Nebraska '" ��e �� ��V
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<br /> DEED OF TRUST �" �
<br /> (With Future Advance Clause)
<br /> 0 Construction Security Agreement
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is March 22,_ 1999 ________________
<br /> and the parties, their addresses and ta�c identification numbers, if required, are as follows:
<br /> TRUSTOR: FREDRIC J LEE � and BARBARA E LEE HUSBAND AND WIFE
<br /> 8218 N U3 HWY 281
<br /> GRAND I3LAND, NE 68803-9534
<br /> � If checked, refer to the attached Addendum incorparated herein, for additional Trustors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE: Earl D Ahlschwede, Attorney
<br /> GRAND I8L�ND,
<br /> BENEFICIARY:Equitable Building and Loan Association
<br /> 113-115 N. Locust Street
<br /> Grand Island, NE 68801-6003
<br /> 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is aclmowledged, and to
<br /> secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor inevocably
<br /> grants, conveys and sells to Trustee, in trust for the benefit of Beneficiazy, with power of sale, the following described
<br /> property:
<br /> SEE ATTACHED EXHIBIT "A"
<br /> The property is located in _ Hall at 8218_ N U3 _H9iY 281
<br /> - - --- - - -
<br /> �, (County)
<br /> ------- , --------GRAND_ISLAND--------- , Nebraska__ 68803-9534 --
<br /> - ----------- (Address) (Crty) �
<br /> ZIP Code)
<br /> Together with a11 rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br /> rights, ditches, and water stock and a11 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. MAXIlVIUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed$50�00_0_.00 _______________ . This limitation of amount does not include interest and other fees
<br /> and chazges 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 a11 promissory note(s), contract(s), guazanty(s) or other evidence of debt described
<br /> below and a11 their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br /> suggested that you include items such as borrowers' names, note amounts, interest rates, maturiry dates, etc.)
<br /> A Promissory note and security agreement dated 03/22/1999
<br /> N�RASKA-D�OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA US� (page 1 of 4)
<br /> �1994 BankersSystems,Inc.,St.C�oud,MN(1-800397•2341) Form RE-DT-NE 10127197
<br /> �-C165(Nq�saoe�.08 VM P MORTGAGE FORMS•(800)521-7291
<br />
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