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<br /> State of Nebraska Spsce Above 1'his Line For Recording Data
<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 June 18, 1999 c7Y
<br /> ----------------------- �
<br /> an t e parties, their addresses and tax identification numbers, if required, aze as follows: �
<br /> TRUSTOR: JAt�3 B MCELROY AND and DEVRA A MCELROY HU3HAND AND WIFE,
<br /> 8270 EQW3 LN
<br /> CAIRO, NE 68824
<br /> �If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE: Earl D Ahlschvvede, Attorney
<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 30UTH HALff OF THE NORTH HALF Off THE WE3T HALF OF THE SOUTHEAST QUARTER (31/2
<br /> N1/2 W1/2 3E1/4) SECTION ONE (1) , TOWN3HIP TWELVE (12) NORTH, RANGE TWELVE (12) WE3T
<br /> OF THE 6THP.M. , HALL COUNTY, NEBRASKA.
<br /> The property is located in Hall at 8270 E W3 IN
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<br /> (County)
<br /> -- ------------ - -- -------- , ----------- CAIRO , Nebraska 68824
<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 Secwity Instrument at any one time shall
<br /> not exceed$ 40,000.00 _________ . This limitation of amount dces 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 aqreement dated
<br /> N�RASKA-D�OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA US� (pg�@ � O/4J
<br /> 0 1994 Benksre Syttsms,Inc.,3t•Cloud,MN(1-800•397-2341) Form RE-DT•NE 10/27/97
<br /> �-C16S(NE)�aeoe�.08
<br /> � VM P M ORTGAGE FORM 3•(800)521-7291
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