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<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by __ __ __ __ _ _ _ _ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Nov 22, 20 0 ~ _ _ _ _ _ _ _ _ _ _
<br />and the parties, their addresses and tax identification numbers, if required, are as -follows:- -
<br />
<br />TRUSTOR: J DAVID VAUGHN and JUDY I VAUGHN, HUSBAND AND WIFE
<br />
<br />114 COMET CT
<br />ALDA, NE 68810
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />Equi table Bank
<br />113-115 N Locust St
<br />Grand Island, NE 68801
<br />
<br />BENEFICIARY:
<br />Equitable Bank
<br />113-115 N. Locust Street Grand Island, NE 68801-6003
<br />
<br />Organized and Existing Under the Laws of The State of Nebraska
<br />
<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), ARGO THIRD SUBDIVISION, VILLAGE OF ALDA, HALL COUNTY, NEBRASKA.
<br />
<br />The property is located in _ _ _ _ __
<br />
<br />Hall
<br />
<br />at 114 COMET C':J:'__ __ ___
<br />
<br />(County)
<br />
<br />------, --..
<br />
<br />__ _ _ _ _ _ !\J.~_DA
<br />(City)
<br />
<br />__ , Nebraska __ __ _ ~ _8810_ __ __
<br />(ZIP Code)
<br />
<br />(Address)
<br />
<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 shall
<br />not exceed $ p ~ _, _9_4_ ~ '- ~ 9 _ _ _ _ _ _ __ _ _ _ _ _ _ _ . 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 ANn 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 11/22/2005
<br />
<br />NEBRASKA ~ DEED OF TRUST INOT FOR FNMA. FHLMC, FHA OR VA USEI
<br />~ 0 1994 Bankers Systems, lne" St. Cloud, MN Form RE-OT,NE 1/30/2002
<br />cD ~C165(NE) 103011 VMP MORTGAGE FORMS - 18001521-7291
<br />i!l
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