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<br /> DEED OF TRUST o
<br /> DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is October 27, 1999. The parties Q
<br /> and their addresses a:e:
<br /> TRUSTOR (Grantor►:
<br /> TODD BALFOUR
<br /> 1 141 S PLEASANT VIEW DR
<br /> GRAND ISLAND, Nebraska 68801-8080
<br /> HUSBAND AND WIFE
<br /> STACEY BALFOUR
<br /> 1141 PLEASANT VIEW DR
<br /> GRAND ISLAND, Nebraska 68801
<br /> TRUSTEE:
<br /> CITY NATIONAL BANK AND TRUST
<br /> Financial Institution
<br /> 800 WEST 3RD STREET
<br /> HASTINGS, Nebraska 68901
<br /> 470126913
<br /> BENEFICIARY (Lender►:
<br /> CITY NATIONAL BANK AND TRUST
<br /> Organized and existing under the laws of the United States of America
<br /> PO Box 349
<br /> 800 West 3rd Street
<br /> Hastings, Nebraska 68902-0349 :
<br /> 47--0126913
<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 /> LOT 3, BLOCK 2, PLEASANT VIEW 12TH SUBDIVISION, GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> The Property is located in HALL County at 1 141 PLEASANT VIEW DRIVE, GRAND ISLAND, Nebraska 68801. :
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br /> riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, and :
<br /> replacements that may now, or at any time in the future, be part of the real estate described (all referred to as :
<br /> Propertyl. This Security Instrument will remain in effect until the Secured Debts and all underlying agreements :
<br /> 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 550,000.00. 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 pebts: :
<br /> A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and :
<br /> replacements. A promissory note, dated October 27, 1999, from Grantor to Lender, in the amount of :
<br /> 536,500.00 with interest at the rate of 8.5 percent per year maturing on November 1, 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 /> with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br /> commitment to make additional or future loans or advances. Any such commitment must be in writing. In the
<br /> event that Lender fails to provide notice of the right of rescission, Lender waives any subsequent security
<br /> interest in the Grantor's principal dwelling that is created by this Security Instrument. This Security
<br /> Instrument will not secure any debt for which a non-possessory, non-purchase money security interest is
<br /> created in "household goods" in connection with a "consumer loan," as those terms are defined by federal
<br /> law governing unfair and deceptive credit practices. This Security Instrument will not secure any debt for
<br /> which a security interest is created in "margin stock" and Lender does not obtain a "statement of purpose,"
<br /> as defined and required by federal law goveming securities.
<br /> TODD BALFOUR
<br /> Nebraska D��d Of Trwt Initials
<br /> NE/2ersob0574000000000000004100000042n4 �1998 Bankers Systems,Inc.,St.Cloud,MN Page 1�
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