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state of Nebrndn Streit Above This line For Recording Data
<br />REAL ESTATE DEED OF TRUST 01660078
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isigay_ 22, 2003
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:WILLIAM R SORENSEN and DEBORAH L SORENSEN, Husband S Wife
<br />y N
<br />117 VILA MAR DEE
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Tier0re Bank
<br />1235 'N' St / P.O. Box 83009
<br />Lincoln, HE 68501
<br />BENEFICIARY:
<br />TierOne Bank
<br />1235 'N' St / PO Box 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 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 THIRTEEN (13) IN VILLA MAR DEE SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />S L„V
<br />The property is located in _ Hall _ at 117 VILA. MAR DEE
<br />(county)
<br />GRAND ISLAND _ _ , Nebraska 68801
<br />(Address)
<br />(Coq) (T,tP Gale)
<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 $ 22, 750.00 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 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 note(s), contract(s), guaranty(s) or other evidence of debt
<br />described below mid all their extensions, renewals, modifications or substitutions. (You must specifically Identify
<br />the debt(s) secured and you should include the final maturity date of such debt (s).)
<br />A Line of Credit Agreement dated 05/22/2003
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST woT FOa FNMA. FNtMC. FHA ON VA USE) EsTs/ (page 1 of 4)
<br />Qc 1994 Bankers Systems, Inc., S,. CWUJ, MN Form OCe- aEGLNE 1113199 1tiiafi!FL
<br />(M- C466(NE) 19902) oz VMF MORTGAGE FORMS NI001"I 7791
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<br />state of Nebrndn Streit Above This line For Recording Data
<br />REAL ESTATE DEED OF TRUST 01660078
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isigay_ 22, 2003
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:WILLIAM R SORENSEN and DEBORAH L SORENSEN, Husband S Wife
<br />y N
<br />117 VILA MAR DEE
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Tier0re Bank
<br />1235 'N' St / P.O. Box 83009
<br />Lincoln, HE 68501
<br />BENEFICIARY:
<br />TierOne Bank
<br />1235 'N' St / PO Box 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 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 THIRTEEN (13) IN VILLA MAR DEE SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />S L„V
<br />The property is located in _ Hall _ at 117 VILA. MAR DEE
<br />(county)
<br />GRAND ISLAND _ _ , Nebraska 68801
<br />(Address)
<br />(Coq) (T,tP Gale)
<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 $ 22, 750.00 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 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 note(s), contract(s), guaranty(s) or other evidence of debt
<br />described below mid all their extensions, renewals, modifications or substitutions. (You must specifically Identify
<br />the debt(s) secured and you should include the final maturity date of such debt (s).)
<br />A Line of Credit Agreement dated 05/22/2003
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST woT FOa FNMA. FNtMC. FHA ON VA USE) EsTs/ (page 1 of 4)
<br />Qc 1994 Bankers Systems, Inc., S,. CWUJ, MN Form OCe- aEGLNE 1113199 1tiiafi!FL
<br />(M- C466(NE) 19902) oz VMF MORTGAGE FORMS NI001"I 7791
<br />
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