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<br />'7 1IU:~~u402-47}_-:-_6317_i'J;E:~()NE BA1:'l:E<:fu 1235. 'N' St / PO Box 8309.~Lr,.incoln, NE:u68501
<br />-'-,.,ama, address and phone number of praparer)
<br />State of Nebraska
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<br />Space Above This Line For Recording Data
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<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />
<br />0166014551
<br />
<br />D Master form recorded by
<br />1. DATE AND }'ARTIES. The date of this Deed of Trust (Security Instrument) isJul 1,3_,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />2006
<br />
<br />TRUSTOR:GILBERT L KYHN and KATHERINE J KYHN, HUSBAND AND WIFE
<br />
<br />2424 N GRAND ISLAND AVE
<br />GRAND ISLAND, NE 68803-2140
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />
<br />TierOne Bank
<br />1235 'N' St / P.O. Box 83009
<br />Lincoln, NE 68501
<br />BENEFICIARY:
<br />TierOne Bank
<br />1235 'N' St / PO Box 83009 LINCOLN, NE 68501
<br />
<br />Organized and Existing Under the Laws of the United States of America
<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 />THE NORTH THIRTY (30) FEET OF LOT THREE (3) AND ALL OF LOT ONE (1), BLOCK THREE
<br />(3), COLLEGE ADDITION TO WEST LAWN IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />
<br />The property is located in
<br />
<br />_Hall, u .
<br />(County)
<br />
<br />at 2424 .1>U:;RAND .1 BLAND up. VE
<br />
<br />GRAND ISLAND ,Nebraska 6880}-2140
<br />
<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 $ ~()_,. 00.0_,.00 _ . . 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(ies) 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 07/13/2006
<br />
<br />NEBRASKA _ HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ 01994 Bankers Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 1/31/2003
<br />. -C465(NE) (0401) VMP Mortgage Solution. 1800)521-7291
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