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<br /> 99 � 09512 °
<br /> State of Nebraska Space Above T6is Line For Recording Data
<br /> REAL ESTATE DEED OF TRUST 0166001568
<br /> (With Future Advance Clause) �
<br /> c
<br /> ❑ Construction Security Agreement
<br /> 1. DATE AND PARTIES. T'he date of this Deed of Trust (Security Instrument) is .September,,,,,,,23,,,,,,,1999,,,,,,, �
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: TERRY M CARLSON and KRISTIIVE K CARLSON,
<br /> husband and wife,
<br /> jointly and each in their own right
<br /> ❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> acknowledgments. :
<br /> TRUSTEE: FIRST FEDERAL LINCOLN BANK
<br /> BENEFICIARY: FIRST FEDERAL LINCOLN BANK
<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 3,BLOCK 2,PLEASANT VIEW FOURTH ADDITION TO THE CITY OF GRAND ISLAND,HALL COUNTY,NEBRASKA.
<br /> The property is located in HALL........................................................ at ,
<br /> ............ ..............................................
<br /> (Counry)
<br /> 915.5�VALLEY.�R................................ ..G�tAND I$��D.........................., Nebraska .....6$$41..........
<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 refened to as "Property").
<br /> 3. MAXIMiJM OBLIGATION LII1�IIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed $ ..............4Q,ORO.QO......................... . 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 FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br /> i A.Debt incuned 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. (You must specifically identify the debt(s)
<br /> ' secured and you should include the jcnal maturity date of such debt(s).)
<br /> ,'
<br /> NEBRASKA-HOME EQUITY LINE OF CREDIT DEED OF TRUST �NOT FOR FNMA,FHLMC,FHA OR VA USEI 1��J��Pag� 41
<br /> ////
<br /> m1994 Bankers Systems,Inc.,St.Cloud,MN Form OCP-REDT-NE 10/7/98 �`
<br /> DOTNEI.frm 8/99
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