|
State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)e
<br />El Construction Security Agreement
<br />- Q Master fdrim recorded by ....... __ ____ _ _ ___ _____________ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Sep__08,_ 2005 ..... ___ __ ---------------------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:'Michael D Prachell and Jan M Pracheil, Husband and Wife
<br />3107 Magnolia Ct.
<br />Grand Island, NE 68803
<br />[� If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />BENEFICIARY:
<br />Union Bank and Trust Company -Grand Island
<br />2008 North Webb Road Grand Island, NE 68803
<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 Two (2), Block One (1), Colonial Estates Tenth Subdivision, Hall County,
<br />Nebraska.
<br />The property is located in Ha71 at 3107 Magrlolia__Ct_.
<br />(County)
<br />Grand Island , Nebraska -------- 68803
<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 $528,000.00 _„__. -._ . 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(ies) 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 />Line of Credit Note 1097205 dated 09/08/2005 in the amount of $14000.00 and
<br />maturing on 09/08/2008
<br />NEBRASKA - HOM E EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) ( f 4)
<br />�M Q 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/31/2003
<br />- C465(NE) (0401) VMP Mortgage Solutions (800)521 -7291 Loan Number 1097205
<br />70
<br />n
<br />n
<br />rill
<br />c
<br />z
<br />m
<br />C1
<br />n
<br />cn
<br />=
<br />h
<br />a
<br />Z
<br />S._..,.. -'Y
<br />C cr -
<br />c::)
<br />ry
<br />M
<br />�
<br />=
<br />7-7
<br />�
<br />7-1
<br />--�
<br />Cep
<br />Cn
<br />C73
<br />rTj
<br />CID
<br />h1
<br />cc
<br />r■M
<br />z
<br />o
<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)e
<br />El Construction Security Agreement
<br />- Q Master fdrim recorded by ....... __ ____ _ _ ___ _____________ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Sep__08,_ 2005 ..... ___ __ ---------------------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:'Michael D Prachell and Jan M Pracheil, Husband and Wife
<br />3107 Magnolia Ct.
<br />Grand Island, NE 68803
<br />[� If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />BENEFICIARY:
<br />Union Bank and Trust Company -Grand Island
<br />2008 North Webb Road Grand Island, NE 68803
<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 Two (2), Block One (1), Colonial Estates Tenth Subdivision, Hall County,
<br />Nebraska.
<br />The property is located in Ha71 at 3107 Magrlolia__Ct_.
<br />(County)
<br />Grand Island , Nebraska -------- 68803
<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 $528,000.00 _„__. -._ . 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(ies) 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 />Line of Credit Note 1097205 dated 09/08/2005 in the amount of $14000.00 and
<br />maturing on 09/08/2008
<br />NEBRASKA - HOM E EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) ( f 4)
<br />�M Q 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/31/2003
<br />- C465(NE) (0401) VMP Mortgage Solutions (800)521 -7291 Loan Number 1097205
<br />
|