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<br />200603454
<br />
<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause) d? o. s-o
<br />D Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) iSAp.;-_ 9}_,_ _2_0J!~ _ _ _ _ _ _ _ __ _ _ __
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: ' -
<br />
<br />TRUSTOR:STEPHEN T BOWEN and JACQUELINE E BOWEN, HUSBAND AND WIFE
<br />
<br />1705 GRETCHEN AVE
<br />GRAND ISLAND, NE 68803-6350
<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 perfonuance 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 THREE (3), BLOCK TWO (2), IN KAY-DEE SUBDIVISION, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA,
<br />
<br />The property is located in _ _ ,,_ _ _ _ _ _ _ _ _ _ _ I!Il!H _ _ _ _ _ _ __ m _, __ _ _ _ _ _ _ _ _ at J.]9.?_ 9~_TC,HE;,~ _~~ _ _ _ _
<br />(County)
<br />__ __ __ __ _ ,_ __ __ __ _ _ , __ __ __ __G~l~NIL!!?~ __ __ __ _ , Nebraska__~~El03-::-~J?9__
<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 $ ~_O--, 0_0_0_._ OJ~__ _ _ _ _ _ _ _ _ _, _ _ _ _ _ _' 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 tenus 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 wrURE 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 04/03/2006
<br />
<br />NEBRASKA _ HOME EQUITY LINE OF CREDIT DEED OF TRUST INOT FOR FNMA, FH~MC, FHA OR VA USE)
<br />01994 Bankers $vsterns, Inc_, $\. Cloud, MN Form OCP-REDT-NE 1/13/99
<br />.-C465(NE) 199021,02 VMP MORTGAGE FORMS -18001521-7291
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