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<br />a REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Q Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) islan 10, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
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<br />State of Nebra.ko
<br />TRUSTOR:WILLIAM R SORENSEN, AND
<br />DEBORAH L SORENSEN, husband and wi£e,jointly and each in their own right
<br />117 VILLA MAR DUE AVE
<br />GRAND ISLAND, HE 68501
<br />01f checked, refer to the attached Addendmn incorporated herein, for additional Tmstors, their signatures and
<br />aeknowledgnrents.
<br />TRUSTEE:
<br />First Federal Lincoln Bank
<br />P.O. Be. 93009 1235 N. Street
<br />Lincoln, NE 68501
<br />BENEFICIARY:
<br />First Federal Lincoln Bank
<br />1235 'N' at / PO Box 83009 Lincoln, NE 68501
<br />Organized and Existing Under the Laws of the United States of America
<br />CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Tmstoe s perfonmmce under this Security Instrument, Truster 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,LOCATED ON ALL OF LOT TWELVE (12)
<br />OF THE SUBDIVISION OF LOT NINE (9) AND ALL LOTS SEVEN (7) 6 EIGHT (8) IN
<br />WINDOLPH'S SUBDIVISION OF PART OF THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER
<br />(MI/4M1 /4) AND PART OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER
<br />(NWT /4NE1 /4) OF SECTION FOURTEEN (14) IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE
<br />(9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br />The property is located in _ _ Hall .. __.. _. at 117 VILLA MAR_ DEE AVE_
<br />(County)
<br />GRAND ISLAND------ -- - - - - -- _. , Nebraska _...... 62891 ---..-- -
<br />._____.._..._ (Addraas) (City) (ZIP Coda)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />Tights, ditches, mid water stock and all existing and future improvements, stmewres, fixtures, and replacements that nay
<br />now, or at any time in Ilre 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 0.
<br />shall nut exceed $$29,481.00 - This limitation of amount does not include interest and other
<br />fees and charges validly Wade pursuant to tits Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Bcru;ficiary's security and to perform any of the covenants
<br />contained in this Security bet malent.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred India the terms of all promissory note(s), commits), gnuanty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debits) secured and you should Include the final maw rity date ofsuch debt(s).)
<br />A Line of Credit Agreement dated 01/10/2002
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST Irvin FORrusA. NLMO, FHA ORVA U E) Ne tZ
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<br />Spoce Above T'(ds We For Recording Data
<br />TRUSTOR:WILLIAM R SORENSEN, AND
<br />DEBORAH L SORENSEN, husband and wi£e,jointly and each in their own right
<br />117 VILLA MAR DUE AVE
<br />GRAND ISLAND, HE 68501
<br />01f checked, refer to the attached Addendmn incorporated herein, for additional Tmstors, their signatures and
<br />aeknowledgnrents.
<br />TRUSTEE:
<br />First Federal Lincoln Bank
<br />P.O. Be. 93009 1235 N. Street
<br />Lincoln, NE 68501
<br />BENEFICIARY:
<br />First Federal Lincoln Bank
<br />1235 'N' at / PO Box 83009 Lincoln, NE 68501
<br />Organized and Existing Under the Laws of the United States of America
<br />CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Tmstoe s perfonmmce under this Security Instrument, Truster 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,LOCATED ON ALL OF LOT TWELVE (12)
<br />OF THE SUBDIVISION OF LOT NINE (9) AND ALL LOTS SEVEN (7) 6 EIGHT (8) IN
<br />WINDOLPH'S SUBDIVISION OF PART OF THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER
<br />(MI/4M1 /4) AND PART OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER
<br />(NWT /4NE1 /4) OF SECTION FOURTEEN (14) IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE
<br />(9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br />The property is located in _ _ Hall .. __.. _. at 117 VILLA MAR_ DEE AVE_
<br />(County)
<br />GRAND ISLAND------ -- - - - - -- _. , Nebraska _...... 62891 ---..-- -
<br />._____.._..._ (Addraas) (City) (ZIP Coda)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />Tights, ditches, mid water stock and all existing and future improvements, stmewres, fixtures, and replacements that nay
<br />now, or at any time in Ilre 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 0.
<br />shall nut exceed $$29,481.00 - This limitation of amount does not include interest and other
<br />fees and charges validly Wade pursuant to tits Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Bcru;ficiary's security and to perform any of the covenants
<br />contained in this Security bet malent.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred India the terms of all promissory note(s), commits), gnuanty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debits) secured and you should Include the final maw rity date ofsuch debt(s).)
<br />A Line of Credit Agreement dated 01/10/2002
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST Irvin FORrusA. NLMO, FHA ORVA U E) Ne tZ
<br />©,eea e. "xae s'vraT•. me, s.. ...., ury v "nn ecRReoi++a vnsa �_
<br />®- D466(NE)(890RJi0l VMP aeRIWUE WRMS(a00$21>]91
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