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<br />� � S ace Above This Line For Recording Data
<br /> � State of Nebraska P
<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(Secwity Instrument) is December 17,__1999______ _______
<br /> and the parties, their addresses and taac identification numbers, if required, aze as follows:
<br /> TRUSTOR: GREGORY M GAREY, AND and KATHLEEN A GAREY, HUSBAND AND WIFE
<br /> 16961 W 13TH ST
<br /> WOOD RIVER, NE 68883
<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 Securrty 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 ONE (1) , VALLEY VI3TA SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> Thepropertyislocatedin _ Hall ____ ________ at 16961 W 13TH 3T__ ____ _ _
<br /> -- ------ ---
<br /> (County)
<br /> _____ __ , _ WOOD_RIVER____ ______ , Nebraska_____68883_____
<br /> ----- ------ --------—
<br /> ----- - ------------
<br /> (Address) (City) (ZIP Code)
<br /> Together with a11 rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, a11 water and riparian
<br /> rights, ditches, and water stock and all existing and futwe improvements, structures, fixtures, and replacements that may
<br /> now, or at any time in the future, be part of the real estate des:,ribed above(all referred to as "Property").
<br /> 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed$ 50,00_0_.00 _______ _ ____________ . 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 /> A. Debt incurred under the terms of a11 promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br /> below and a11 their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br /> suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br /> A Promissory Note dated 12/17/1999 Loan No: 72052824
<br /> N�RASKA-D�OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA US� �p�L '��P89��
<br /> �1994 BankersSystems,Inc.,St.Cloud,MN(1-800-397-2341) Form REDT-NE 10127197 `
<br /> �-C7 65(NE)�seoe> VMP MORTGAGE FORMS-(800)521-7291
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