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b� <br />M s A <br />n M CA <br />\i <br />{fNi11 <br />Z7 <br />n <br />N# <br />z <br />r*1 <br />O C-3 <br />�q <br />CN <br />QA <br />` ^ <br />\/_ <br />W <br />s rn <br />— <br />rn <br />M. <br />c3n <br />--.. <br />r11 <br />00 <br />Z3 <br />r_ 70 <br />Cn <br />- <br />200406246 <br />f--+ <br />- CD <br />°'z <br />z <br />State of Nebraska <br />Space Above This Line For Recording <br />Data <br />1 <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 Jun 17 , 2004 <br />- - ------------------------------------------- <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: Phyllis M Elms, A single person <br />32 Chantilly <br />Grand Island, HE 68803 <br />01f checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />United Nebraska Bank <br />700 North Webb Road /PO Box 5018 <br />Grand Island, NE 68803 <br />BENEFICIARY: <br />United Nebraska Bank <br />700 N Webb Rd/ P.O. Box 5018 Grand Island, NE 68802 <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 Thirty -Two (32), Block Six (6), Unit Two (2), Continental Gardens, an Addition <br />to the City of Grand Island, Hall County, Nebraska. <br />The property is located in Hall - at 32 Chantilly- - - <br />(County) <br />----------------------------------------------------------- - - - - -- --------- - - - - -- Grand_ Island----------- - - - - -- - Nebraska 68803 <br />- - - - ------------------------------ <br />(Address) (City) (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. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall <br />not exceed $ 3, 585_. 50 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 all promissory note(s), contract(s), guaranty(s) or other evidence of debt described <br />below and all 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 06/17/2004 <br />NEBMSKA -DEED OFTRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) i� (page 1 of 4) <br />0 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 -397 -2341) Form RE -0T -NE 10127/97 r <br />dM - C165(NE) (9808).02 VMP MORTGAGE FORMS - (800)521 -7291 <br />O <br />