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<br /> State or Nebraska Space Above 'IbIs UIle For Recordlq Data
<br />
<br />
<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) iSD~.9_ _l_g_,_ _2J~_Q!i _ .. ~
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR: KEVIN G MCDERMOTT and DIANE L MCDERMOTT, HUSBAND AND WIn
<br />
<br />312 S WALNUT ST
<br />GRAND ISLAND, NE 68801
<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 o~ Grand Ialand
<br />221 South Locust Street Grand Island, NE 6BBOl
<br />
<br />Organized and Existing Under the Lawa of The State of Nebra.ka
<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 ofBerieficiary, with power of sale, the following described
<br />property:
<br />LOT TWO (2), JAKUBOWSKI SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />
<br />/fnv
<br />
<br />The property is located in_ __
<br />
<br />at ~}~_ _S_ ~~ _~~ _ _ _ _ _ _ _ _ _ _ _
<br />
<br />Hall
<br />(County)
<br />_ __ __ __ __ _ _ __ _ _ __ __ ___ _ _ , __ __ _ __ _c;I~~l:~]L ~$~ __ __ __ __ _ , Nebraska __ __ _6~B_B_Ql .
<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 exceed $~9_,_0_6_~._!iQ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _' 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 mstiunieiltto proteCt Beneficiary's security3i1d to perform any of the covenants
<br />contained in this Security Instrument.
<br />
<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
<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 12/19/2005
<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.REDT-NE 1/13/99
<br />. .C466(NE) (9902).02 VMP MORTGAGE FORMS - 16001521-7291
<br /><<>
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