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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 />F-I Construction Security Agreement S�
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isJun 18,- 2004
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:James A. Knouse and Laurie A. Knouse, Husband and Wife as joint tenants and not as
<br />tenants in common
<br />3614 Palamino
<br />Grand Island, NE 68801 -0000
<br />If 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 eleven (11), Saddle Club Subdivision, Hall County, Nebraska.
<br />The property is located in
<br />Hall
<br />(County)
<br />at 3614 Palamino
<br />Grand Island Nebraska 68801 -0000
<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
<br />shah rot excecd $ 7 , 82- . v0 . This H.—nitatior of amount does rot :ncl'ade interest and other
<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 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
<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 />A Line of Credit Agreement dated 06/18/2004
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) c� 1pag6 1 f 4J
<br />1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13/99
<br />-C465(NE) (9902).02 VMP MORTGAGE FORMS - (800)521 -7291 \
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