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<br />State or Nebraska Space Above Tbb Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />!a (With Future Advance Clause)
<br />ED Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isJun 2l,___2002__
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:KEN B MOFFETT and SU Z MOFFETT, husband and wife
<br />.........1422 SYLVAN ST
<br />GRAND ISLAND, 68801
<br />El If 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 IN' Street
<br />Lincoln, HE 68501'
<br />BENEFICIARY:
<br />TierOne Bank
<br />- -1235 'N' St / PC Box 93009 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, Triustor 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 />THE NORTH 47 FEET THE OFTHE SOUTH 94 FEET, EAST 132 FEET, BLOCK 12, PLEASANT
<br />_..HOME, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in..------------------ ,____.. Hall-- - - - - -- ---- °- - - --- -- - - -,at 1422
<br />(County)
<br />GRAND ISLAND ----------------- , 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 LDHT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $.440 -, 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 out 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 tern "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 ofsuch debt(s).)
<br />A Line of Credit Agreement dated 06/21/2002
<br />NEBRASKA -HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA,FNLMC, FHA ON VA USE)
<br />( 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1113199
<br />®4466(NE)(9902).01 yMP MORTGAGEFORMS (800)521 -7291
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