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<br /> � State of Nebraska Space Above This Line For Recording Data
<br /> REAL ESTATE DEED OF TRUST ��
<br /> (With Future Advance Clause) �
<br /> 0 Construction Security Agreement
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isli/23/1999 �
<br /> _ _ _ _
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR:KENNETH E KUEHNER SR ROBERTA F KUEHNER HUSBAND AND WIFE
<br /> 2908 W HANCOCK PLACE
<br /> GRAND ISLAND, NE 68803
<br /> � 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 ELEVEN (11) , BLOCK THREE (3) , COLONIAL ESTATES SUBDIVISION, IN THE CITY OF
<br /> GRAND ISLP,ND, HALL COUNTY, NEBRASKA
<br /> The property is located in _ Hall _ at 2908_W HANCOCx PLACE
<br /> (Counry)
<br /> , GRAND ISLAND , Nebraska 68803
<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. MAXIMLTM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br /> shall not exceed $40000.00 . This limitation of amount does not include interest and other
<br /> - _
<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 FiJTURE 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 all 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 /> NEBRASKA -HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA USE) (page 1 of 4/
<br /> Q 1994 Bankers Systems,Inc.,SL Cloud,MN Form OCP-REDT-NE 1/13/99 - -- �
<br /> �-C4651NE)lsso2�.cz VMP MORTGAGE FORMS-I800)521-7291
<br /> �
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