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<br />Slale of Nebruk.1
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<br />Space Above This "Uae For Recordloll Data
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<br />(With Future Advance Clause) " b
<br />D Construction Security Agreement ~
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<br />~ ~~a~::nf ~~~R ~Ic~;~~I~:~at~' ;j-' thj'~ '6~~~i'~f T~~t'(sec~iiY 'instr~~;;t)' i~' :~:~p.::9.i.~:: ~:Q:Q:~:::::::::::::: :::::::::::::::::: :::::~ -
<br />
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />DEED OF TRUST
<br />
<br />TRUSTOR: LeRoy [EO Johnson and Judith C Johnson, husband omd wife
<br />
<br />3207 W 17th St
<br />Grand Island, NE 68803-2414
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />
<br />BENEFICIARY:
<br />
<br />Union Bank and Trust Company-Grand Island
<br />2008 North Webb Road Grand Island, NE 68803
<br />
<br />2. CONVEY ANCE. For good and valuablc consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Truster's performance under this Security Instrument, Trustor irrevocably
<br />gnmts, conveys and "ells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />Lot Five {5) I in Block Sixtoen (16), in Russel Wheeler's Addition to the City of
<br />
<br />Grand Island, Hall County, Nebraska
<br />
<br />The property is located in ..._.___________........... m.m~~.~,L........_..___._.______... __..... at .~.~.5.':.9_? ;1,..lJ..:I'l_~)..~~~.mm..._. ........
<br />(County)
<br />____ __ __.__. _ m.. __ _. __ _ __ _ .____ __ _____... _...... ... __m_ m___.___ , ___.____________G_;::Cl~4..f.~.~.~.t:I.(:t...__.._.__._.__ , Nebraska ..._.....Ji!HBl.~..._.____..
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with al: rights, easemer.ts, appurtenances, royalties, mineral rights, oil and gas rights. all water and riparian
<br />rights, d:tchcs, and water stock and al! cxisting and future improvctTlt:nts, structures, fix~llres, 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 />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall
<br />not exceed $ $13,471.52 . This limitation of amount does not include interest wld 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' 5 security and to perform any of the COVenwlts contained in this
<br />Security Instrument ..
<br />4. sl.:curu:n DEBT AND FlJTlmE ADVANCES, The term "Secured Debt" is defined'as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contmct(s), guaranty(s) or other evidence of debt de.<;eribed
<br />bo:low and all their extensions, renewals. modifications or substitutions. (When rr:ferencing the debts be/ow it is
<br />slIggesled Ihal you inclllde Uems such as horrowers' names. note amounts, intef('.ft rates, maturity date.f, etc.)
<br />FixQd Rate Promissory Nota 957590 dated 09/07/2004 in the amount ot $6,735.76
<br />and maturing on 08/25/2008
<br />
<br />NEBRASKA - DEED Or- TRUST (Nor FOK FNMA. ftlLMe. HIA OR VA Us~)
<br />[4X!rfi." 0 199~ B."ol< Sy>'om.. Inc, SI Cloud. "IN Foem RE-DT.NE 1/3012002
<br />cG.C165(NE) (0301) VMP MORTGAGE FOFl/,lS . (~00)521-72~1
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