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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> THIS INSTRUMENT CONSTITUTES A DEED OF TRUST �
<br /> CONSTRUCTION SECURITY INTEREST UNDER�ith Future Advance Clause)
<br /> THE NEBRASKA CONSTRUCTION LIEN � Construction Security Agreement �
<br /> ACTr. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is August 04. 1999 �`
<br /> and the parties, their addresses and ta�c identification numbers, if required, aze as follows:
<br /> TRUSTOR: DEE GRAVES A SINGLE PERSON.
<br /> 1423 W HWY 34
<br /> AURORA, NE 68818
<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 Securrty 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 SIX (6) . INDIANHEAD THIRD SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> The property is located in Hal l at 3318 SCHROEDER AVE
<br /> (county)
<br /> , GRAND ISLAND , Nebraska 68803
<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. MAXIMLTM OBLIGATION LINII'T. The total principal amount secured by this Security Instruinent at any one time shall
<br /> not exceed$ 127.500.00 . 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. SECLJRED DEBT AND FIJTURE 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. (7�l/'ien referencing ifie dedts 6eCow it is
<br /> suggeste�f ifiat you incCude items such as 6orrozc�rs' names, note amounts, interest ratss, maturit�rfates, etc.)
<br /> A Promissory Note dated 08/04/1999 Loan No: 73050256
<br /> NEBRASKA - DEED OF TRUST (NOT FOR fNMA,FHLMC,FHA OR VA USE� /page 1 of 4J
<br /> Q 1994 Bankers Systems,Inc.,St.Cloud,MN 11-800-397�23411 Form RE�DT-NE 10127197
<br /> ��C1651NE) Isaosl VMP MOHTGAGE FORMS-18001521-7291
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