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rb m S > <br />l M rn <br />�} rn > ry o - -' ° <br />CD <br />cb <br />c _ CD >� <br />...� <br />C::) <br />:t <br />W y <br />cr <br />N co CZ:) c <br />cn CD <br />U) ' Ti <br />State of Nebraska Space Above This Line For Recording Data. O.�! <br />REAL ESTATE DEED OF TRUST <br />(With Future Advance Clause) <br />El Construction Security Agreement <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isDec_ 3.1,___20. 0 .................................. � <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />Q <br />TRUSTOR:JOHN DONALD RYAN, and <br />DONNA RAE RYAN, husband & wife, jointly each in own right <br />4603 CALVIN DR <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 />First Federal Lincoln Bank <br />P.O. Box 83009 1235 'N' Street <br />Lincoln, NE 68501 <br />BENEFICIARY: <br />First Federal Lincoln 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 7 IN LAKE DAVIS ACRES SECOND SUBDIVISION, HALL COUNTY, NEBRASKA <br />The property is located in <br />Hall at 4603 CALVIN DR <br />- -- <br />(County) <br />GRAND ISLAND LAND , Nebraska 68801 <br />(Address) (City) (ZIP Code) <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 $ $ 98 , 240.00 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 and 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 12/31/2001 <br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE) \ - n toaae J of U <br />