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<br />State of NebreeW -- Spare Above
<br />T3da Line For Recording Hain
<br />DEED OF TRUST
<br />It
<br />(With Fulmer Advance Clause)
<br />El Construction Security Agreement
<br />❑ Master form recorded by ............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument)
<br />is ..................G5.
<br />V.G ZOO ................
<br />..
<br />and the parties, (heir addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />WADE P. SORENSEN AND JENNIFER B. SORENSEN, HUSBAND AND WIFE
<br />2323 BELLWOOD #121
<br />GRAND ISLAND, NE 68801
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Tmstors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: BANK OF DONIPHAN
<br />P 0 BOX 270
<br />DONIPHAN, NE 6BB320270
<br />470490609
<br />BENEFICIARY: BANK OF DONIPHAN
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />P 0 BOX 270
<br />DONIPHAN, NE 68832.0270
<br />470490809
<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 [rust for the benefit of Beneficiary, with power of sale, the following described
<br />properly: LOT FOUR 141, IN BLOCK THREE 13), IN DALE ROUSH SECOND SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY NEBRASKA
<br />The property is located in ..................................... ............................... at 314 CHEPOKEE,AVE.. I ......... ...............
<br />(CO.")
<br />................................................................................ GBAND.ISLANO................... Nebraska ......... GBGO.I........
<br />(Address) (city) (ZIP coda)
<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 dcscrihed alarve (all referred to as "Property ").
<br />MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 31,9n, 111111 ............................ _..._....... This limitation of amount does not include interest and 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's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), ino ranty(s) or other evidence of debt described
<br />below and all their extensions, rcncwals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />TERM NOTE FOR 131.000 WITH MONTHLY PAYMENTS OF $235 WITH A 5 YEAR BALLOON AT 6.5 %.
<br />NcE�BRASKAn - DEED OF TRUST (NOT FOP FNMA, FHLMC, FHA OR VA USEI t (page f 4)
<br />�"e1994 Bankers sll—, Inc., SL CIOU6 MN Funn N1 U F NE 1/30/2002 / u/N�1T
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