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<br />State of Nebraska SPere Above This Line For Recording Unto
<br />REAL ESTATE DEED OF TRUST 0166007670 \
<br />-_Y
<br />(With Future Advance Clause)
<br />Q Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) i0ar_ 28, 2003
<br />-'
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />`—
<br />TRUSTOR:DUANE EUGENE SPALE and JANET RENEE SEALE, husband and wife
<br />4259 SPUR LN
<br />GRAND ISLAND, HE 68803
<br />Off checked, refer m die attached Addendum incorporated herein, for additional Trusmrs, their signatures
<br />and
<br />acknowledgments.
<br />TRUSTEE:
<br />TierOne Bank
<br />P.O. Box 83009 1235 'N' Street
<br />Lincoln, NE 68501
<br />BENEFTCARY:
<br />MORTGAGELINC
<br />4750 NORMAL BLVD SUITE 5 LINCOLN, HE 68506
<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 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 SEVENTEEN (17), IN WESTERN HEIGHTS THIRD SUBDIVISION, HALL COUNTY, NEBRASEA
<br />The property is located in Hall -------------- al 4259 SPUR IN
<br />(GOUmy)
<br />GRAND ISLAND , Nebraska 68803
<br />(Address) (City) (ZIP (:ode)
<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 die real estate described above (a6 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 $181450. DO This limitation of amount does not include interest and other
<br />fees and charges validly trade pursuant to this Security Tnstrmnenl. 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 envenanLS
<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 now(s), contract(s), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modification or substitutions (You must .specifically identify
<br />the debits) secured and you should include the final maturity date of such debi(s).)
<br />A Line of Credit Agreement dated 03/28/2003
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST tNOT FOR FNMA, FH,MC, FHA OR VA HOE, (page 1 Of 41
<br />0 1
<br />465( E) ley,lema. Inc.. OF Ge W, MN Po,m OLPAEDT-NE ORTOA
<br />C465(NE) le9oelo2 VMP MGHTGPGE FORMS - ItlD01511J291
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