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<br />200601314
<br />
<br />State of Nebraska
<br />
<br />Space Above ThIs Line For Recording Data
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<br />REAL EST ATE DEED OF TRUST
<br />(With Future Advance Clause) ,< I. 0-0
<br />D--c6RStAM!tion&eurtty Agreement"".",
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isFeb 9_2-,- _2_0Jl~ _ _ _ _ _ _ _ _ _ _ __
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />_~"""""""..........._-o:.;.
<br />
<br />TRUSTOR:DAVID G PALU and BETTY L PALU, HUSBAND AND WIFE
<br />
<br />2724 PROSPECT ST
<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 />Organized and Existing Under the Laws of The State of Nebraska
<br />2. CONVEYAI'~CE. For good and valuaUlc coilliideralion, the receipt and sufficiency ofwhicl1 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 SIXTEEN (16) AND THE SOUTH HALF (S1/2) OF LOT FOURTEEN (14), BLOCK ELEVEN
<br />(11), IN UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />
<br />The property is located in _ _ _ _ ___
<br />
<br />at ?-,]'J.~_ _PJ~_QS_PECT ST
<br />
<br />Hall
<br />-----------. -
<br />(County)
<br />
<br />__ u u u u _ u u u u u u u u uq1;:~d J:~!~~9-u __ _ , Nebraskau _ 6880_3. u u
<br />(Address) (City) (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
<br />;;ha11 not exceed $ 29 LO_OO . 00 _ __ _ _ _ _ _ _ __ _ . This limitation of amount does not ine! ude i.nterest 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 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 do,te of such debt(s).)
<br />A Line of Credit Agreement dated 02/02/2006
<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 />.. -C465(NEI (9902).02 VMP MORTGAGE FORMS - (800)621.7291
<br />~
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<br />(page 1 of 4)
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