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<br /> State of Nebraska Space Above This Line For Recording Data d
<br /> DEED OF TRUST ��
<br /> (With Future Advance Clause) �_.
<br /> � Construction Security Agreement �
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is April _1_9,___1999 L
<br /> - - - -
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: DAVID D GIBSON and LYNNETTE M GIBSON HUSBAND AND WIFE
<br /> 1218 N WHEELER
<br /> GRAND ISLAND, NE 68801-0160
<br /> � If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE: Earl D Ahlschwede, Attorney
<br /> GRAND ISLAND,
<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 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 Beneficiazy, with power of sale, the following described
<br /> property:
<br /> THE NORTHERLY ONE HALF (Nl/2) OF LOTS ONE (1) AND TWO (2) , BLOCK ONE (1) , SCHIIyIl��R'S
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> The property is located in_ Iiall at 1218 N WHEELER
<br /> —---------- - ----------
<br /> (County)
<br /> '`"" _ _ _ . , GRAND ISLAND , Nebraska 68801-0160
<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$ 21,000.00 . 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. (When referencing the debts below it is
<br /> suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br /> A Promissory note and security agreement dated 04/19/1999
<br /> NEBRASKA- D�OF TRUST (NOT FOR FNMA,FHLMC, FHA OR VA US� (page 1 of 4)
<br /> 0 1994 Bankers Systems,Inc,St.Cloud,MN(1-800397-2341) Form RE-DT-NE 10/27/97
<br /> �-C1 sS(N�(9808).08 VMP MORTGAGE FORMS•(800)521-7291
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