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�-� <br />ro n n <br />Mi <br />CA <br />M <br />.� <br />ter■ <br />BENSON <br />n y •`'•' <br />`, <br />�= <br />c I- <br />M <br />c:) <br />co <br />U� <br />T .. . <br />rn <br />j <br />r, <br />fT7 to � <br />Ste` tT3 <br />L� <br />A <br />Q <br />M <br />"' <br />N <br />I� <br />Co <br />CIO <br />2005066115 <br />� <br />(n <br />`� <br />State of Nebraska <br />Space Above This <br />Line For Recording Data <br />REAL ESTATE DEED OF TRUST <br />(With Future Advance Clause) <br />❑ Construction Security Agreements` <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isJul_ <br />- <br />0.1_,_ 2005 <br />---------------- <br />- - <br />- - -- <br />and the parties, their addresses and <br />tax identification numbers, if required, are as follows: <br />TRUSTOR:LARRY J KELLY and ARLENE F KELLY, HUSBAND AND WIFE <br />2790 N GUNBARREL ROAD <br />GRAND ISLAND, NE 68801 <br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />Arend R. Baack, Attorney <br />P. O. Box 790 <br />Grand Island, NE 68802 <br />13ENEFICIARY: <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 />SEE ATTACHED EXHIBIT "A ". <br />The property is located in ----------------- Hall ------------------ at 2790 N GUNBARREL ROAD <br />--------------------------- <br />(County) <br />GRAND ISLAND , Nebraska 68801 <br />---------------------------- - - - - -- ----------------------- - - - - -- -------- - - - - -- <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 $ 40, 000 ._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 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 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 of such debt(s).) <br />A Line of Credit Agreement dated 07/01/2005 <br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page f of 4) <br />1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13/99 <br />�� C465(NE) (9902).02 VMP MORTGAGE FORMS - (800)521.7291 <br />