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TRUSTOR: MICHAEL J. MCGAHAN AND TRACY C. MCGAHAN, AS HUSBAND AND WIFE 2717 LAKEWOOD DRIVE GRAND ISLAND, NE 68803 50 3 680203, 50B 70 8740 LJ If checked, refer In life started Addendum[ incorporated herein, for additional 'trustees, their signatures and acknowledgments. 'I RUSTEE: SECURITY FIRST BANK 1205 JACKSON STREET SIDNEY,NE 69162 470299375 BENEFICIARY: SECURITY FIRST BANK ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA 5710 S 53RD LINCOLN, NE 66516 47. 0299375 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustee's performance under this Security Instrument, 'Imstor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: LOT 71, BRENTWOOD THIRD SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. 1 h property is located in ............................... HALL... _......... ___ ..... ....... at 2717 LAKEWOOD DANE........................ (C—cy) ............................. ._............................, ................. . .GBANDA5LANG................... Nebraska ........ EOP........ (AJdmas) (Oity) (ZIP CNe) Together with all tights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be pan of the real estate described above (all referred to as "Property "). 3. MAXBRW OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one [hoc shall not exceed $ 45,5,B,8,50,,..__....._. ____._....._........ This limitation of amount does not include interest and other fees and charges validly nude pursuant no this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instruteut le protect Beneficiary's security, and to perform any of tlm covenants coutained in this Security Instrument. 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: A. Debt incurred under the teens of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all their extenSIOUS, renewals, medifieninns nr substitutions. (When referencing the debts below if is suggested dust you include items such x borrowers' tuunes, none amorous, interest rates, maturity dates, etc.) NEBRASKA � BEEO OF TRUST (NOT F0a FNMA. FHLMC FHA Oa VA US11 1pege 1�Ofp4/(� v.FV,e� 21994R-k —a ,Ire., St Ll—d, MN Poem PEOTNE 113 012 0 0 0 yxlomx II C m A en 'r C m rr w -NS o O? r^� Stute of Nebraska Space Above'ITis Line For Recording Data x DEED OF TRUST (With Future Advance Clause) 200301760 ❑ Construction Security Agreement ❑ Master form recorded by ............................. 1. DATE AND PARTIES. The date of this Deed of trust (Security Instrumem) is ... ............... and the parties, their addresses and lax identification outfitters, if required, are as follows: TRUSTOR: MICHAEL J. MCGAHAN AND TRACY C. MCGAHAN, AS HUSBAND AND WIFE 2717 LAKEWOOD DRIVE GRAND ISLAND, NE 68803 50 3 680203, 50B 70 8740 LJ If checked, refer In life started Addendum[ incorporated herein, for additional 'trustees, their signatures and acknowledgments. 'I RUSTEE: SECURITY FIRST BANK 1205 JACKSON STREET SIDNEY,NE 69162 470299375 BENEFICIARY: SECURITY FIRST BANK ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA 5710 S 53RD LINCOLN, NE 66516 47. 0299375 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustee's performance under this Security Instrument, 'Imstor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: LOT 71, BRENTWOOD THIRD SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. 1 h property is located in ............................... HALL... _......... ___ ..... ....... at 2717 LAKEWOOD DANE........................ (C—cy) ............................. ._............................, ................. . .GBANDA5LANG................... Nebraska ........ EOP........ (AJdmas) (Oity) (ZIP CNe) Together with all tights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be pan of the real estate described above (all referred to as "Property "). 3. MAXBRW OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one [hoc shall not exceed $ 45,5,B,8,50,,..__....._. ____._....._........ This limitation of amount does not include interest and other fees and charges validly nude pursuant no this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instruteut le protect Beneficiary's security, and to perform any of tlm covenants coutained in this Security Instrument. 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: A. Debt incurred under the teens of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all their extenSIOUS, renewals, medifieninns nr substitutions. (When referencing the debts below if is suggested dust you include items such x borrowers' tuunes, none amorous, interest rates, maturity dates, etc.) NEBRASKA � BEEO OF TRUST (NOT F0a FNMA. FHLMC FHA Oa VA US11 1pege 1�Ofp4/(� v.FV,e� 21994R-k —a ,Ire., St Ll—d, MN Poem PEOTNE 113 012 0 0 0 yxlomx II C m