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. <br />M (l l <br />T = D <br />rn to c n u <br />° �.r. <br />D -73 N CD <br />�41 N p T O <br />CD <br />C71 GJ <br />3c. OD <br />Cn go <br />U U o <br />) <br />State of Nebrvvka Space Above This Line For Recording Data <br />REAL ESTATE DEED OF TRUST <br />(With Future Advance Clause) <br />Construction Security Agreement o <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isMay- 17,_ 2002 S <br />and the parties, their addresses and tax identification numbers, if required, are as follows: o <br />TRUSTOR: JOHN D PETERS and AGNES C PETERS, husband and wife <br />620 GARLAND ST <br />GRAND ISLAND, NE 68803 <br />01f checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />TierOne Bank <br />P.O. Box 83009 1235 'N' Street <br />Lincoln. NE 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 8, BLOCK 7, GLADSTONE PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA <br />The property is located in Hall at 620 GARLAND <br />(County) <br />GRAND ISLAND Nebraska__- 68803 <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 $ $30, 000.00 This limitation of amount does not include interest and other <br />fees and charges validly made pursuant to this Security 111strument. 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 insured 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 debts) secured and you should include the final maturity date of such debt(.e).) <br />A Line of Credit Agreement dated 05/17/2002 <br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST MOT FOR FNMA, FHrMC, FHA OR VA USE) (page lj 0�) <br />(D 1994 Bankers Syv ms, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13199 <br />tM- C466(NE) 19902).01 VMP MORTGAGE FORMS- (800)521 -]291 <br />