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M S D
<br />p o o T o
<br />mCD
<br />N Z
<br />State of Nebraska Space Above This Live For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is03 /14 12003
<br />and the parties, their addresses and tax identification numbers, if required, areas follows:
<br />TRUSTOR:GREGORY S EIRICK AKA GREG EIRICK AND KATHLEEN A EIRICK HUSBAND AND WIFE
<br />4051 PALACE DR
<br />GRAND ISLAND, NE 68803
<br />[—]If checked, refer to the attached Addendum incorporated herein, for additional Trusmrs, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Arend R. Haack, Attorney
<br />P. 0. Box 790
<br />Grand Island, NE 68802
<br />BENEFICIARY:
<br />Home Federal Savings and Loan Association of Grand Island
<br />221 South Locust Street
<br />Grand Island, HE 68801
<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 TWENTY -FOUR (24), CASTLE ESTATES SUBDIVISION, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />The property is located in _ Hall at 4051 PALACE DR
<br />(County)
<br />GRAND ISLAND Nebraska 6803
<br />(Address) (City) (ZIP Cod,)
<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 />shall not exceed $7, 550.00 . This limitation of amount does not include 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 Instrmnent.
<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 assets), comments), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debts) secured and you should include the final maturity date of such dele pf )
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST woT FOR FNMA, FHtMC, FHA On VA USE) /page 1 of 4)
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