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<br /> 99 10 '7941
<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 ACT. � �
<br /> � Construction Security Agreement
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is August 04, 1999
<br /> and the parties, their addresses and tax identification numbers, if required, are 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: Equi tabl e Bui 1 di ng and Loan Associ ati on
<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 sale, the following described
<br /> property:
<br /> LOT TWENTY (20) , INDIANHEAD SECOND SUBDIVISION. IN THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> The property is located in Hdl l at 3322 BUFFALO COURT
<br /> (C ounty)
<br /> > _ GRAND ISLAND , Nebraska 68803
<br /> (Address) � (Gity) (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. MAXIMi1M OBLIGATION LIMIT. The total principal amount secured by this Security Instrument 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. SECURED DEBT AND F[JTURE 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. (�Ylhen referencing tlie de6ts 6elow it is
<br /> suggested tfiatyou inctude items suck as 6orrouers' names, note amounts, interest rates, maturity dates, etc.J
<br /> A Promissory Note dated 08/04/1999 Loan No: 73050298
<br /> NEBRASKA - DEED OF TRUST INOT fOR FNMA,FHLMC,FHA OR VA USEI /page 1 Of 4/
<br /> Q 1994 Benkers Systems,Inc.,St.Cloud,MN�1�800-397�23411 Form RE�DT�NE 10127197
<br /> ��C165(NE) Iseoe� VMP MOflTGAGE fORMS-(8001521�7291
<br />
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