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<br /> State of Nebraska Space Above This Line For Recording Data •
<br /> DEED OF TRUST �
<br /> r�
<br /> (With Future Advance Clause) '
<br /> � Construction Security Agreement 26 1999 0
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument)is,May-----------------------------
<br /> and the parties, their addresses and tax identification numbers, if required, aze as follows:
<br /> TRUSTOR: LLOYD B C,UNDERSON and MICHELLE R GUNDER30N HU3BAND AND WIF�
<br /> 513 3 LINDEN AVE
<br /> Ggp,ND I3I,p,DiD, NE 68801-8668
<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 I3LAND,
<br /> BENEFICIARY:Equitable Buildinq and Loan Association
<br /> 113-115 N. Locust 3treet
<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 Secunty 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: COUNTY, NEBRASKA
<br /> LOT sEVEN (7) , g,p,GLE LAKE ESTATES SUBDIVI3ION, GRAND ISI+AND� H�'I'
<br /> • Hall ----------- � 513_ 3_ LINDEN AVE-------
<br /> Thepropertyislocatedin_____________________
<br /> (Counry)
<br /> _______GRAND_ISLAND_________ , Nebraska__ 68801-8668 __
<br /> (Address)
<br /> � (City) (ZIP Code)
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, a11 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(a11 refened to as "Property").
<br /> 3. MAXIMiJM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed$ 10,000_.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 secwity 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 o fotherVevidence of debt described
<br /> A. Debt incurred under the terms of a11 promissory note(s), contract(s), guaranty( )
<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 05/26/1999
<br /> `=3RASKA-D�OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA US� (p89@ 1 Of 4)
<br /> _ ��stems Inc.,St.Cloud,MN(1-800397-2341) Form R&DT-NE 10127197
<br /> '3 8 VM P M ORTGAGE FORM S-(600)521-7291
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