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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST ��-�
<br /> (With Future Advance Clause) d
<br /> � Construction Security Agreement �
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument)is Mdy__04. _1999__ __ _
<br /> - --- --
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR:
<br /> T&R DRYWALL INC
<br /> 617 EAST 7TH SUITE A
<br /> GRAND ISLAND, NE 68801
<br /> D 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. COiv VEYAIVCE. For good ancl valuable consideration, the rec;eipt 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 1 WESTGATE 5TH SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> The property is located in Hal l _ at 308_ CLAUDE RD _ _
<br /> - (County) _ _
<br /> , GRAND ISLAND__ __ _ ___ , Nebraska _ . 68801 _ . .
<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. MAXIMiJM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time sha11
<br /> not exceed$ 142,500.00 . 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. (�Yl�ien referencing tFie �le6is deCow it is
<br /> suggested tFratyou incltufe it�ms sucFc as 6orrou¢rs' names, note amounts, interest rates, maturity dates, etc.J
<br /> A Promissory note and security agreement dated 05/04/1999
<br /> NEBRASKA - DEED OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA USE) /page 1 of 4/
<br /> O 1894 Benkers Systems,Inc.,St.Cloud,MN It-800-397�23411 Form RE-DT-NE 10127197
<br /> �-C1651NE) lseoa1.08 VMP MOHTGAGE FORMS-(800�521-7291
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