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<br />REAL ESTATE DEED OF TRUST 0166007241
<br />(With Future Advance Clause)
<br />U Construction Security Agreement
<br />1. DATE AND PARTIES. the date of this Deed of'frust (Security Instrument) is r 04, 2003
<br />and the parties, their addresses and ax identification numbers, if required, are as follows: O
<br />TRUSTOR-DARROLD D DANNEHL and PEGGY J DANNEHL, husband and wife
<br />1019 W JOHN ST
<br />GRAND ISLAND, NE 68601 -6645
<br />If checked, refer to the attached Addendum incorporated herein, for additional Tmstors, their signatures mud
<br />acknowledgments.
<br />TRUSTEE:
<br />TierOne Bank
<br />P.O. Sox 83009 1235 'N' Street
<br />Lincoln, NE 68501
<br />BENEFICIARY:
<br />TierOne Bank
<br />1235 'N' St / PO Sox 83009 Lincoln, NE 68501
<br />Organized and Existing Under the Laws of the United States of America
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and m
<br />secure the Secured Debt (defined below) and Tnistor's performance under this Security Instrument, Truster 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 3 BLOCK 9. WINDOLPH ADDITION, CITY OF GRAND ISLAND. }TALL COUNTY, NEBRASKA.
<br />The property is located in Hall at 1019 w JOHN ST
<br />(Ctna,y)
<br />GRAND ISLAND , Nebraska 68801 -6645
<br />(Addrex, (Cary) (ZIP C
<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 teal 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 />shall not exceed 539,500.00 . This limitation of amount does not include numeat and oafter
<br />fees and charges validly made pursuant to this Se IIT11y Instrument. Also, this limitation does not apply to advances mile
<br />tinder the terms of this Security Inaniment 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 rime(s), contract(s), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (Pon must specifically identify
<br />dte debt(s) secured and von should include the final maturity date of such debrfs).)
<br />A Line Of Credit Agreement dated 03/04/2003
<br />NEBRASKA - NOME EQUITY LINE OF CREDIT DEED OF TRUST woT FoV FNMA, FHLMC FHA oa VA use n, (, I /page V14)
<br />© 1994 c kern SyFmmS Inn.. a C1,A MN Pone OCP- REOT -NE 1/13/99 Nj� }f� / Z n /
<br />®'-D465(NE) 1990➢. 02 VMP MORTGAGE FORMS- 19 0 015 2 1 -]291
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