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<br />DEED OF TRUST N
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ............... ..85:16,2002,,,,,,- ,,.,,,,,,,
<br />and the parties, their addresses and lax identification numbers, if required, are as follows:
<br />TROSTOR: MICHAEL H. WHITEFOOT, A SINGLE PERSON
<br />1416 N. LOCUST STREET
<br />GRAND ISLAND, NE 688012553
<br />506 90 6225
<br />❑ 11 checked, refer m the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: BOELUS STATE BANK
<br />P.O. BOX B
<br />BOELUS, NE 688200233
<br />470108420
<br />BF.NI'.FICIARY: BOELUS STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />523 DELAWARE STREET
<br />P.O. BOX B BOELUS, NE ,68820 0233
<br />47 01OB420
<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 Truster's performance 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: THE SOUTHERLY FORTY FOUR FEET 144'1 OF THE NORTHERLY EIGHTY EIGHT FEET BE') OF LOTS ONE 111 AND TWO (2), IN BLCOK
<br />SEVENTY THREE 17311N WHEELER AND BENNETT'S THIRD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, BEING A
<br />RECTANGULAR TRACT OF GROUND HAVING AN EASTERLY FRONTAGE OF FORTY FOUR FEET (44') ON LOCUST STREET, IN SAID CITY AND A
<br />DEPTH OF 105.6 FEET.
<br />The property is located in ............................... HALL. ............................... at 1416N.,LOCU3TSTREET, ..,. .
<br />(County) ..... .
<br />....... . ......................... I .......................... , .................. GRANO.ISLANB.................. Nebraska .....68801..2553.....
<br />(Address) (City) (ZIP Cldc)
<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. 'Ihe total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 1., 425: 58 ........... ............................... 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. I he terns "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terns of all promissory nole(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, ntodificalions or substitutions. (When referencing the debts below i! is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dales, e!c.)
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA'OR VA YY E) e 1 •'s `; ;1 S' (page 1 of 4)
<br />t
<br />J11994 Bankers Systems, Inc.. So Cloud, MN I1 -800 -397 -23411 Form RE DT NE 10/27187
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