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<br />State of Nebraska Space Above This Line For Recording Data
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<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause) q> cJ . S-O
<br />D Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isMar 01, 2006
<br />and the parties, their addresses and tax identification numbers, if required, are as f~II~~s-: - - - - - - - - - - - - - - - - - - - - - - -
<br />
<br />TRUSTOR:PETER W LETHEBY, HUSBAND AND WIFE and KATRINA A LETHEBY, HUSBAND AND WIFE
<br />
<br />329 MALLARD LANE
<br />Grand Island, NE 68801-8544
<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. 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 TWENTY (20) IN HIDDEN LAKES SUBDIVISION, NUMBER TWO (2), HALL COUNTY,
<br />NEBRASKA.
<br />
<br />The property is located in . . __ _ __ __ __ _ _.. __I!~H __ __ __ __ _ __ __ __ __ at :3~P_ ~_IMI?_ _~ __ __ __ __ _ _
<br />(County)
<br />__ __ __ ___ __ __ __ __ ___ .. __ _ __ _ __ _ , __ __ __ __G~~I!c;l I~!~!l~__ _ __ , Nebraska ~QQQk~~~~_
<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 />shall not exceed $ J _0-, _000_._0_ Q _ _ _ _ _ _ _ _ _ . 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 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 date of such debt(s),)
<br />A Line of Credit Agreement dated 03/01/2006
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST INOT FOR FNMA, FHLMC. FHA OR VA USEI
<br />o 1994 Bankers Systems, I"c., St. Cloud, MN Form OCP-REDT-NE 1/13/99
<br />~-C465(NE) 19902).02 VMP MORTGAGE FORMS, IB001521-7291
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