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<br /> 99 109134 °
<br /> State of Nebraska Space Above This Line For Recording Data
<br /> REAL ESTATE DEED OF TRU5T a
<br /> (With Future Advance Clause) �
<br /> � Construction Security Agreement p
<br /> 1. DATE AND PARTIES. T'he date of this Deed of Trust(Security Instrument) is09/09/1999 _
<br /> _ - -- - -
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR:THOMAS RAY GARDNER BETH LEANN GARDNER HUSBAND AND WIFE
<br /> 716 S CHERRY
<br /> GRAND ISLAND, NE 68801
<br /> 0 If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE:
<br /> Arend R. Baack, Attorney
<br /> P. O. Box 790
<br /> Grand Island, NE 68802
<br /> BENEFICIARY:
<br /> Home Federal Savings and Loan Association of Grand Island
<br /> 221 South Locust Street
<br /> Grand Island, NE 68801
<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 TWO (2) , BLOCK FOUR (4) , VALLEY VIEW SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> The property is located in ______ Hall at 716 S CHERRY
<br /> _ _ - - --- ---- - -
<br /> - - - ----- _ -
<br /> (Counry)
<br /> GRAND ISLAND _ , Nebraska 68801
<br /> - - - - _ - - --- ' -- - - _ _ - - - - -
<br /> - - - - -
<br /> (Address) (Ciry) (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 Security Instrument at any one time
<br /> shall not exceed$20000.00 . This limitation of amount does not include interest and other
<br /> fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made
<br /> under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants
<br /> contained in this 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
<br /> described below and a11 their extensions, renewals, modifications or substitutions. (You must specifically identify
<br /> the debt(s) secured and you should include the final maturity date of such debt(s).)
<br /> PROMISSORY NOTE AND SECURITY AGREEMENT DATED 9/9/99 MATURING 9/9/04
<br /> ;
<br /> NEBRASKA-HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA USE) (page 1 of 41
<br /> O 1994 Bankers Systems,Inc.,St.Cloud,MN Form OCP-REDT-NE 1/13/99
<br /> ��C465�NE)(99021.02 VMP MORTGAGE FORMS-8001521-7291
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