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<br /> DEED OF TRUST ��
<br /> ?J
<br /> DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is September 17, 1999. The parties �
<br /> and their addresses are:
<br /> TRUSTOR (Grantorl:
<br /> TRACY WATTS
<br /> 410 WALNUT ST
<br /> WOOD RIVER, Nebraska 68883
<br /> WIFE AND HUSBAND
<br /> PHILLIP WATTS
<br /> 410 WALNUT ST
<br /> WOOD RIVER, Nebraska 68883
<br /> TRUSTEE:
<br /> THE OVERLAND NATIONAL BANK OF GRAND ISLAND
<br /> Financial Institution
<br /> PO Box 1688
<br /> Grand Island, Nebraska 68802-1688
<br /> 470261795
<br /> BENEFICIARY (Lenderl:
<br /> OVERLAND NATIONAL BANK OF GRAND ISLAND
<br /> Organized and existing under the laws of the United States of America
<br /> 304 West 3rd Street
<br /> Grand Island, Nebraska 68802
<br /> 47--0261795
<br /> 1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br /> and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br /> grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br /> described property:
<br /> THE WEST SEVENTEEN (17) FEET OF LOT ONE (1) AND ALL OF LOTS TWO(2) AND THREE (3►, BLOCK
<br /> TWENTY (201, MACCOLL AND LEFLANG'S ADDITION TO WOOD RIVER, HALL COUNTY, NEBRASKA.
<br /> The Property is located in HALL County at , WOOD RIVER, Nebraska .
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br /> diversion payments or third party payments made to crop producers and all existing and future improvements,
<br /> structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate
<br /> described (all referred to as Property►. This Security Instrument will remain in effect until the Secured Debts and
<br /> all underlying agreements have been terminated in writing by Lender.
<br /> 2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br /> time will not exceed S22,000.00. This limitation of amount does not include interest and other fees and charges
<br /> 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 Lender's security and to perform any of the covenants contained
<br /> in this Security Instrument.
<br /> 3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br /> A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br /> replacements. A promissory note, No. LINE# 499972, dated September 17, 1999, from Grantor to Lender,
<br /> in the amount of $22,000.00 with interest at the rate of 8.5 percent per year maturing on October 5, 2004.
<br /> B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br /> specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br /> one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br /> TRACY WATTS l
<br /> Nebraska Deed Of Trust Initials� ✓
<br /> NE/2enckk054B000000000000001E0000001Fn6 "'1996 Bankers Systems,Inc.,St.Cloud,MN Page 1
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