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DEED OF TRUST
<br />(With Future Advance Clause)
<br />F7 Construction Security Agreement
<br />❑ Master form recorded by
<br />2M I DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jun 07, 2005 (`
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: c
<br />TRUSTOR: HOUSING DEVELOPMENT CORPORATION
<br />G"?
<br />M PO BOX 1005
<br />-4 HASTINGS, NE 68902
<br />r..
<br />M Ll If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />!M acknowledgments.
<br />TRUSTEE:
<br />Arend R. Baack, Attorney
<br />P. 0. Box 790
<br />Grand Island, NE 68802
<br />BENEFICIARY:
<br />Home Federal Savings and Loan Association of Grand Island
<br />221 South Locust Street Grand Island, NE 68801
<br />Organized and Existing Under the Laws of The State of Nebraska
<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 />THE WESTERLY THIRTY -THREE (33) FEET OF LOT THREE (3) IN BLOCK THIRTEEN (13) IN
<br />RUSSEL WHEELER'S ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA AS SURVEYED, PLATTED
<br />AND RECORDED; ALSO AN EASEMENT AND RIGHT -OF -WAY OVER THE NORTHERLY SIXTY -SIX (66)
<br />FEET OF THE WESTERLY FOUR AND ONE -HALF (4 1/2) FEET OF THE EASTERLY THRITY -THREE
<br />(33) FEET OF SAID LOT THREE (3) FOR DRIVEWAY PURPOSES.
<br />The property is located in Hall at 107 E. 10th
<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 LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 49, 517.. 50 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 />A Promissory Note dated 06/07/2005
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE( (page 1 of 4)
<br />E � (Z) 1994 Bankers Systems, Inc., St. Cloud, MN Form RE -DT -NE 1/30/2002
<br />(E) -C1 65(NE) (03011 VMP MORTGAGE FORMS - (800)521 -7291
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<br />State of Nebraska
<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />F7 Construction Security Agreement
<br />❑ Master form recorded by
<br />2M I DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jun 07, 2005 (`
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: c
<br />TRUSTOR: HOUSING DEVELOPMENT CORPORATION
<br />G"?
<br />M PO BOX 1005
<br />-4 HASTINGS, NE 68902
<br />r..
<br />M Ll If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />!M acknowledgments.
<br />TRUSTEE:
<br />Arend R. Baack, Attorney
<br />P. 0. Box 790
<br />Grand Island, NE 68802
<br />BENEFICIARY:
<br />Home Federal Savings and Loan Association of Grand Island
<br />221 South Locust Street Grand Island, NE 68801
<br />Organized and Existing Under the Laws of The State of Nebraska
<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 />THE WESTERLY THIRTY -THREE (33) FEET OF LOT THREE (3) IN BLOCK THIRTEEN (13) IN
<br />RUSSEL WHEELER'S ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA AS SURVEYED, PLATTED
<br />AND RECORDED; ALSO AN EASEMENT AND RIGHT -OF -WAY OVER THE NORTHERLY SIXTY -SIX (66)
<br />FEET OF THE WESTERLY FOUR AND ONE -HALF (4 1/2) FEET OF THE EASTERLY THRITY -THREE
<br />(33) FEET OF SAID LOT THREE (3) FOR DRIVEWAY PURPOSES.
<br />The property is located in Hall at 107 E. 10th
<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 LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 49, 517.. 50 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 />A Promissory Note dated 06/07/2005
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE( (page 1 of 4)
<br />E � (Z) 1994 Bankers Systems, Inc., St. Cloud, MN Form RE -DT -NE 1/30/2002
<br />(E) -C1 65(NE) (03011 VMP MORTGAGE FORMS - (800)521 -7291
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