|
<br />I'\.)
<br />s
<br />S
<br />0'>
<br />S
<br />0J
<br />S
<br />~
<br />c..n
<br />
<br />~-c 22
<br />~_ 0_ *
<br />~[~
<br />C' 0\ ~
<br />~-~~~.'
<br />~ (t
<br />~ iF
<br />~ [
<br />\\J r'
<br />
<br />Q~
<br />m (I)
<br />n:r;
<br />'"
<br />
<br />'"
<br />m
<br />-n
<br />C
<br />n Z
<br />~~~
<br />ncn
<br />",:r;
<br />
<br />~
<br />;;D ~
<br />0'1 N..
<br />o ~.r--.
<br />Oc:.:.~
<br />-"
<br />CJ t-I,
<br />
<br />~ r
<br />
<br />r.......:J ~I
<br />c:::;,. o (f)
<br />('"...;::::)
<br />c;r,> o ---l
<br />":D c::l>
<br />Z---l
<br />-0 ---jf'T1
<br />:::0 -<0
<br /> O"TI Oa-
<br />--..] "TIZ
<br /> ::x: ('1'1 ~i
<br />-U pOJ
<br />:3 r :::0
<br />r:r>
<br />t--> cn
<br />r-....:> ;><;
<br />:I>-
<br />C) --- ----
<br />Ul (rl CJlr-f'
<br /> (f) :2
<br /> 0
<br />
<br />
<br />2Q0603045
<br />
<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is April 4. 2006, The parties and
<br />their addresses are:
<br />
<br />TRUSTOR (Grantor):
<br />SHEilA K AXFORD
<br />An unmarried individual
<br />3024 Bighorn Place
<br />Grand Island, Nebraska 68803
<br />
<br />TRUSTEE:
<br />PLATTE VAllEY STATE BANK & TRUST COMPANY
<br />a Nebraska Corporation
<br />PO Box 430
<br />Kearney, Nebraska 68848
<br />
<br />BENEFICIARY (lender):
<br />PLATTE VAllEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />810 Allen Drive
<br />Grand Island, Nebraska 68803
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />
<br />SO
<br />?s-
<br />
<br />lot Sixteen (16), Indianhead Seventh (7) Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />
<br />The property is located in Hall County at 4024 Indianhead Drive, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, and
<br />replacements that may now, or at any time in the future. be part of the real estate described (all referred to as
<br />Property). This Security Instrument will remain in effect until the Secured Debts and all underlying agreements
<br />have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $150,000,00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will secure each of the
<br />following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 287771-103, dated April 4, 2006, from Grantor
<br />to lender, with a loan amount of $150,000.00 and maturing on January 1, 2007. One or more of the debts
<br />secured by this Security Instrument contains a future advance provision.
<br />B. Sums Advanced. All sums advanced and expenses incurred by lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
<br />6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or
<br />other lien document that created a prior security interest or encumbrance on the Property, Grantor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deliver to lender any notices that Grantor receives from the holder.
<br />C. Not to allow any modification or extension of, nor to request any future advances under any note or
<br />agreement secured by the lien document without Lender's prior written consent.
<br />
<br />Sheila K Axford
<br />Nebraska Deed Of Trust
<br />NE/4XX284240009371 00005187021 040406Y
<br />
<br />@1996 Bankers Systems. Inc., St. Cloud, MN ~
<br />
<br />Initials _
<br />Page 1
<br />
|