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<br />° 99 1OS941 � n � �
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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST -�
<br /> (With Future Advance Clause) .�i�
<br /> � Construction Security Agreement
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is Jul�! 07,__1999
<br /> --- _ - ---_
<br /> and the pazties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: REX E CARPENTER AND JONADYNE A CARPENTER HUSBAND AND WIFE
<br /> 1811 STOLLEY PARK CIRCLE
<br /> GRAND ISLAND, NE 68803
<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. 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 Beneficiary, with power of sa1e, the following described
<br /> property:
<br /> LOT ONE (1) . WOODLAND FIRST SUBDIVISION. AN ADDITION TO THE CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA.
<br /> The property is located in _ _ _____ Hal_1___ _ _ at 3036 S LOCUST ST
<br /> - -—--- _-- --- --_ _ _ _ _ _ _
<br /> _ _ - ---
<br /> (County)
<br /> _ _ _ _ - -- --- ------- , -- -- ----GRAND_ISLAND--------- , Nebraska____ _68801
<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. 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 /> -- -- - - - --- _ ____
<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 a11 their extensions, renewals, modifications or substitutions. (M�ten referencing tke de6is deCow it is
<br /> suggesterf tf'iat you incCu�fe items suck as 6orrou�rs' names, node amounts, interest ratss, maturity�fatrs, etc.)
<br /> A Promissory note and security agreement dated 07/07/1999
<br /> NEBRASKA - DEED OF TRUST (NOT FOR FNMA,FHLMC,FHA OH VA USEI ,/ � /p �Of/J/
<br /> Qc 1994 Banksra Systems,Inc.,St.Cloud,MN(1-B00-397•2341) Form RE•DT-NE 10127197 ���
<br /> ��C1851NE) isaoel VMP MORTGAGE FOHMS-180015Y1-7291
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