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<br /> State of Nebraska Space Above This Line For Recording Data
<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(Secwity Instrument) is
<br /> ---- - - -- -- - --- ___ ----
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: CLARK A GAUTHIER and STEPHANIE R GAUTHIER HUSBAND AND WIFE
<br /> 3104 S BLAINE ST
<br /> GRAND ISLAND, NE 68801
<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 /> 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) , RIVERSIDE FARM THIRD SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> The property is located in Hal l at 3104 S BLAINE ST
<br /> _ _ ___
<br /> _ ----- ---- -- -- --
<br /> --- — _-- -- —
<br /> — -----_ _
<br /> (County)
<br /> _ , GRAND ISLAND_ _ _ _ , Nebraska 68801
<br /> _ _ _ — _ _
<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 fuhue improvements, structures, fixtures, and replacements that may
<br /> now, or at any time in the future, be pazt of the real estate described above(a11 referred to as"Property").
<br /> 3. MA�KIMiJM OBLIGATION LIMI'T. The total principal amount secured by this Security Instrument at any one time sha11
<br /> not exceed$ 50_.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 F[ITURE 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. (4�iFien referencing t�ie de6is 6eCow it is
<br /> suggesierf�iat you incCude items sucFc as 6orrou�rs' names, note amounis, interest ratss, maturity daiss, etc.)
<br /> A Promissory Note dated 7/7/1999 Loan No: 72052659
<br /> NEBRASKA - DEED OF TRUST INOT FOR FNMA,FHLMC,FHA OR VA USE) /page 4/
<br /> . Q 1994 Bankers Systems,Inc.,St.Cloud,MN�1-800-397�23411 Form RE�DT-NE 10127197
<br /> ��C1651NE) laeoal VMP MORTGAGE FORMS�1800�521-7291
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