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<br /> State of Nebraska Space Above This Line For Recording Data
<br />
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) iso.~~_ }J_,_ _2_0~0:'~..
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR: DENNIS A SHEPHERD, HUSBAND AND WIFE and ESTHER L SHEPHERD, HUSBAND AND
<br />
<br />4120 Ho.RSESHOE PL
<br />Grand Island, NE 68803
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />Arend R. Baack, Attorney
<br />P.o.. Box 790
<br />Grand Island, NE 68802
<br />
<br />BENEFICIARY:
<br />Home Federal savings and Loan Association of Grand Island
<br />221 South Locust Street Grand Island, NE 68801
<br />
<br />o.rganized and Existing Under the Laws of The State of Nebraska
<br />2. CONVEYANCE. For good and v_aluable consideI.ation, 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 THREE (3) IN R AND B SECOND SUBDIVISION, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in _ ________ _ _ _ _ _ _ ~ )~i!~~_ _ _ _ _ _ ____________ at ~J~S>__H9J~.SJ~.~I!QE. _"~~_ _ _ _ _ _ _ __
<br />(County)
<br />__ __ _ _ _ __ __ __ __ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ , _ _ _ _ _ _ _ _~1;'~l!cL~!~~!l~t _ __ __ __ _ , Nebraska _ _ __ _6_8_8_0_~. _.. ",..
<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 />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time
<br />shall not exce~g $ ?_()--,-O~O..Q..,-Q.Q_ __ _ ____ _ ___ ____ _ .._This limitation of amounLdo~..J)Qt 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 />
<br />4. SECURED DEBT AND FUI'URE 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 10/31/2005
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />o 1994 Bankers Systems. Inc.. St. Cloud. MN Form OCP.REOT-NE 1/13/99
<br />.. -C465(NE) (9902).02 VMP MORTGAGE FORMS. (BOO)521-7291
<br />(!)
<br />
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