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<br />D Master form recorded by
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Nov 30_,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
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<br />2005
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<br />TRUSTOR: LARRY W FOWLE
<br />MARLYCE J FOWLE, AS HUSBAND AND WIFE
<br />PO BOX 1022
<br />GRAND ISLAND, NE 68802-1022
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />Arend R. Baack, Attorney
<br />P. O. Box 790
<br />Grand Island, NE 68802
<br />
<br />BENEFICIAR Y:
<br />
<br />Home Federal Savings and Loan Association of Grand Island
<br />221 South Locust Street Grand Island, NE 68801
<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 />THE NORTHERLY FIFTY AND TWENTY-FIVE HUNDREDTHS (50.25) FEET OF LOT FIVE (5), IN
<br />
<br />BLOCK NINETY-NINE (99), IN RAILROAD ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />
<br />COUNTY, NEBRASKA
<br />
<br />The property is located in
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<br />Hall
<br />(County)
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<br />at 213 S. Cedar
<br />.. ..--... --..
<br />
<br />(Address)
<br />
<br />Grand Island
<br />(City)
<br />
<br />, Nebraska
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<br />68801
<br />(ZIP Code)
<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 $ 52,080.61 _ . 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 FUfURE 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 11/30/2005
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />Exf5i2~ 0 1994 Bankers Systems, Inc., St. Cloud. MN Form RE-DT-NE 1/30/~00~
<br />. -C165(NE) 103011 VMP MORTGAGE FORMS - (800J5~1-7~91
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