|
C CO, N
<br />r S D ry o a rov
<br />C) V z
<br />n n Z n
<br />S D p x cmi O w
<br />t j Q N
<br />Go
<br />20021MG
<br />State Space Above This Line For Reconting Data
<br />c DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by .............................
<br />i. DATE AND PARTIES. The bate of this Deed of Trust (Security Instrument) is .... ....... ..._J2: �5.20G2 .................
<br />..
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />MICHAEL J. MCGAHAN AND TRACY C. MCGAHAN, AS HUSBAND AND WIFE
<br />2717 LAKEWOOD DRIVE
<br />GRAND ISLAND, NE 68803
<br />508 88 0203, 508 70 8740
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Tmstors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: SECURITY FIRST BANK
<br />1205 JACKSON STREET
<br />SIDNEY, NE 69162
<br />470299375
<br />BENEFICIARY: SECURITY FIRST BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />5710S.53RD
<br />LINCOLN, NE 68516
<br />470299375
<br />2. CONVEYANCE. For good and valuable consideration, die receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Tmstor 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 11, BRENTWOOD THIRD SUSOIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in ................... ....... HALL. ............................... at 2717 LAKEWOOD DRIVE ..........
<br />(Cowry)
<br />.........._
<br />........... OBANUALAND................... Nebraska ........,HMO ...
<br />(Atltlress) (City) (ZIP Cmc)
<br />Together with all rigbts, easements, appurtenances_ royalties. mineral rights, oil and Pas riehls, all water and riparian
<br />rights, ditches, and water stock and all existing and future impmvemtents, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be pan of the real estate described above (all referred to as "property"),
<br />MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />.._..._
<br />not exceed D Lu.9,p�!. ?a ..... .---- ... _. _ ............._.. 'this timitalion of amount does not Include interest and other Ices
<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 />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 />NcE�BGRA�ySKAv DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA On VA USE),' 1 �) 1p ,1.[ \oh4)�
<br />[5<S o 919 E S—kert s➢^ lams, n 3i Claud MN Ferm PE -ET -NE 1 /302003 I V VI
<br />ti —T�
<br />
|