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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST
<br /> (With Future Advance Clause) �—�
<br /> � Construction Security Agreement �
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is November^ 24, 1999
<br /> - ----_ - -- ---- - - -- __
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: LEON E CEDERLIND, AND and ENID R CEDERLIND, HUSBAND AND WIFE
<br /> 4706 GUNBARREL PLACE
<br /> GRAND ISLAND, NE 68801
<br /> D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE:
<br /> Earl D Ahlschwede. Attorney
<br /> BENEFICIARY:
<br /> The Equitable Building & Loan Association, FSB
<br /> 113-115 N. Locust Street
<br /> Grand Island, NE 68801-6003
<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 /> SEE ATTACHED EXHIBIT "A"
<br /> The property is located in Hal l at 4706 GUNBARREL PLACE
<br /> --- _ -- - .
<br /> __-- ---- _
<br /> - --- -_ -- - ----
<br /> (county) - - - ---
<br /> _
<br /> _ _ , GRAND ISLAND ____ , Nebraska 68801
<br /> . ---_ ---- ---
<br /> _ . ---
<br /> (Address) (City) � (ZIP Code)
<br /> Together with alt 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 "Properiy").
<br /> 3. MAXIMLTM OBLIGATION LIlVIIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed$ 75_,000.00 _ . This limitation of amount does not include interest and other fees
<br /> _ - - - - - -- -- -----.
<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 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 described
<br /> below and all their extensions, renewals, modifications or substitutions. ('Ylfien referencing tFie �fedts 6eCow it is
<br /> suggested�iat you include items such as dorrou�rs' names, note amounts, interest rates, maturi�j dat�s, et�.)
<br /> A Promissory Note dated 11/24/1999 Loan No: 72052790
<br /> NEBRASKA • DEED OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA USE� ���pe90 � f
<br /> �
<br /> Qc 1994 Benkers Systems,Inc.,St.Cloud,MN 11�800-397�23411 Form RE-OT�NE 10127197
<br /> �
<br /> ��C1651NE) leaoa� VMP MORTGAGE FORMS-(8001521-7291
<br />
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