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<br />p State of Nebraska Space Above This Line For Recording Data
<br />`IF-1 DEED OF TRUST �.
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. OP.- M?RQ2 ..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: KELLY J. NOAKES AND KARIN L. NOAKES, HUSBAND AND WIFE
<br />4164 NORSEMAN AVE
<br />GRAND ISLAND, NE 68803
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: BANK OF OONIPHAN
<br />P 0 BOX 270
<br />DONIPHAN, NE 688320270
<br />470490809
<br />BENEFICIARY: BANK OF DONIPHAN
<br />P 0 BOX 270
<br />DONIPHAN, NE 66832 -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 trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: LOT TWENTY -SEVEN 1271, JEFFREY OAKS SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in ............................... HALL. ............................... at 410.11 SEMAN AVE.........................
<br />(County)
<br />.............................. ............................... ................ ..GRANDALANG................... Nebraska ........ GMR!........
<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 shall
<br />not exceed $ 37, QQQ, QQ . ..............................I .......... 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 />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 described
<br />below and all their extensions, renewals, 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 TO KELLY J AND KARIN L NOAKES FOR $37,582.04 WITH $400 MONTHLY PAYMENTS AT 7.50% AND ANY OTHER
<br />MODIFICATIONS,EXTENSIONS, AND RENEWALS THEREOF
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4)
<br />©1994 Bankers Systems, Inc.. St. Cloud, MN (1- 800 397 -2341) Form RE.DT -NE 10/27197
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