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TRUSTOR:
<br />TODD D. GALLION & COLLEEN C. GALLOION- HUSBAND & WIFE
<br />114 Arapahm Ave.
<br />Grand Islandr NE 68803
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />ARCHER COOPERATIVE
<br />2121 ARCHER ROAD
<br />ARCHER, NE 68816
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />CREDIT UNION
<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 />LOT TWELVE (12), IN BLOCK TWO (2), DALE ROUSH SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Theproperty is located in ..................................... ............................... at ............... ...............................
<br />�yj JJ l (County)
<br />..� Aa'AIiO>a..,�Y.., .................. ......... .k�A..IJR ................ . , Nebraska 6 8 8.0 3 .... ... .
<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 $ . ....;Z5i.QQQrQO ................ I , , , ......... , , ... 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 />PraAmcaty rate cued 0-1-05 si� Todd D. & tbUem C. Gal ian as bOL�i in the
<br />atul nt of $25, 000.00. U to maturity date of 9-1 -2070.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (pages 11 of 4)
<br />FX[,-jj-e-r LN 01994 Bankers Systems, Inc., St. Cloud, MN Form RE -DT -NE 1/30/2002
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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by .............................
<br />1.
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .
<br />1 .... , , ,
<br />. • • ........
<br />.
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />TODD D. GALLION & COLLEEN C. GALLOION- HUSBAND & WIFE
<br />114 Arapahm Ave.
<br />Grand Islandr NE 68803
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />ARCHER COOPERATIVE
<br />2121 ARCHER ROAD
<br />ARCHER, NE 68816
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />CREDIT UNION
<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 />LOT TWELVE (12), IN BLOCK TWO (2), DALE ROUSH SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Theproperty is located in ..................................... ............................... at ............... ...............................
<br />�yj JJ l (County)
<br />..� Aa'AIiO>a..,�Y.., .................. ......... .k�A..IJR ................ . , Nebraska 6 8 8.0 3 .... ... .
<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 $ . ....;Z5i.QQQrQO ................ I , , , ......... , , ... 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 />PraAmcaty rate cued 0-1-05 si� Todd D. & tbUem C. Gal ian as bOL�i in the
<br />atul nt of $25, 000.00. U to maturity date of 9-1 -2070.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (pages 11 of 4)
<br />FX[,-jj-e-r LN 01994 Bankers Systems, Inc., St. Cloud, MN Form RE -DT -NE 1/30/2002
<br />
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