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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> REAL ESTATE DEED OF TRUST 0166001571 ��,5
<br /> (With Ftiture Advance Clause) �
<br /> ❑ Construction Security Agreement
<br /> 1. DATE AND PART'IES. The date of this Deed of Trust (Security Instrument) is .44'�o$er,,,,,,,,,,,�5,,,,,,, 1999,,,,,,.
<br /> and the parties, their addresses and tax identification numbers, if required, aze as follows:
<br /> TRUSTOR: DAVID J CLEMANS, a single person,
<br /> and LAURIE A CLEMANS, a single person,
<br /> jointly and severally and each
<br /> in their own right,
<br /> ❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE: FIItST 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 inevocably
<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 5,WESTWOOD PARK SECOND SUBDIVISION,IN THE CITY OF GRAND ISLAND,HALL COUNTY,NEBRASKA.
<br /> The property is located in ...HALL........................................................ at ..............................................
<br /> (Counry)
<br /> 4135.P�YY.4QD.�R............................... .GR�1D I$4��.........................., Nebraska .....6$$4�..........
<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 LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed$ .............�4,00!O.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 F[JT[JRE ADVANCES. The term "Secured Debt" is defined as follows:
<br /> 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 final maturity date of such debt(sJ.)
<br /> NEBRASKA-HOME EnUITY LINE OF CREDIT DEED OF TRUST INOT FOR FNMA,FHLMC,FHA OR VA USE) ' � ��
<br /> �1994 Benkers Systems,Inc.,St.Cloud,MN Form OCP-REDT-NE 10/7/98 �
<br /> DOTNEI.frm 8/99
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