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<br />200603240
<br />
<br />State of Nebraska
<br />
<br />(f)
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<br />Space Above This Line For Recording Data
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<br />
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement =>? 0 . .,s-'- 0
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isAp'~_ _0_5_,_ _2J~_Q.f? _ _ ~ ~ _ _ _ .." __ _ _ _ _ __
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:GLADYS L LARSEN, A SINGLE PERSON
<br />
<br />510 EAST 7TH
<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 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 FIVE (5) IN BLOCK TWELVE (12) IN CLAUSSEN COUNTRY VIEW ADDITION IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _I!~g". ___ ,_ _ _ _ _ _ _ _ _ _ _ _ _ _ at 1-99]_ _S_ XI_~ _ _ _ _ _ _ _ ~_
<br />(County)
<br />_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ __ __ _ , _ __ _ _ _ __q~~l}~ _ ~~!~!l(j. _ _ _ _ _ _ _ _ , Nebraska __ _ __6_8_8_0_1_ _ _ __
<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 $~_?J~O~O_O_._O_Q. _ __ _ _ __ __ __ __;'u _. ThisJimitation of !lIr.ount 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 FUTIJRE 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 04/05/2006
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST INOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />o 1994 Bankars Systems, Ino" St. Cloud, MN Form OCP.REDT-NE 1/13/99
<br />cQ -C465(NE) (99021.02 VMP MORTGAGE FORMS - 1800)521.7291
<br /><!>
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