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<br />State or Neumalm Space Above This Llae For Recording Do,. —
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />O Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isJan_ 16 _ 2004 _ _ _ _ _ _ _ _ _ _ _ _ _ _ SG
<br />and the patties, their addresses and in identification numbers, if required, are as follows:
<br />TRUSTOR:TODD G LECHNER and PEGGY S LECHNER, HUSBAND AND WIFE
<br />2306 GATEWAY AVE
<br />GRAND ISLAND, HE 68803
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Arend R. Haack, Attorney
<br />P. 0. Box 790
<br />Grand Island, HE 68802
<br />BENEFICIARY:
<br />Home Federal savings and Loan Association of Grand Island
<br />221 South Locust Street Grand Island, HE 68801
<br />Organized and Existing Under the Laws of The State of Nebraska
<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, Truster 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 FOUR (4), IN BLOCK TNO (2), IN LE HEIGHTS SECOND SUBDIVISION IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in ....... HALL ----- . at 2306_GATEWAY
<br />(County)
<br />GRAND_ISLAND____. , Nebraska____ 68_8_0_3 _
<br />(Addfl99)
<br />(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 une time
<br />shall not exceed $ 3, 565 _50 -------------- 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 nme(s), cuntract(s), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You most specifically identify
<br />the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 01/16/2004
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST IaoT FOR FNMA, FKMC, 1FR OR V> Gsrl !page r of 4)
<br />Q I., S ,.R, ayx,em9.lna. R. Clops, MN I.R. GOe AEOT W 1119199 _
<br />®-C4661NE1 (9902),02 VMr MORTGAGE FORMS. I0001¢217291
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