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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause) "'<0. So
<br />o Construction Security Agreement
<br />o Master form recorded by __._.._ ..__..____________________________________________________________.__.... .. ....mm. ....________.___.___..
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ~:t;lg__J_~L_?!H!L_________________________________
<br />. and the part~es"their ;idc4 ~~~eJi~d tax iderJjficatiDn.mlmb_er!':, if required, are as follows:
<br />
<br />TRUSTOR: Jerry L Clingenpeel and Sandra L Clingenpeel, husband and wife
<br />
<br />4228 Norseman Ave
<br />Grand Island, NE 68803
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />
<br />BENEFICIARY:
<br />
<br />union Bank and Trust Company-Grand Island
<br />2008 North Webb Road Grand Island, NE 68803
<br />
<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 rleseribed
<br />property:
<br />Lot Twenty (20), Le Heights Fourth Subdivision, in the City of Grand Island, Hall
<br />
<br />County, Nebraska.
<br />
<br />The property is located in ____________________.
<br />
<br />Hall
<br />.-------------------------------..----"-
<br />
<br />at ~ _~ _~_~__"~~~~ ~~~. _ ~,,-,?___ _ ____ _____ _______
<br />
<br />(Address)
<br />
<br />(County)
<br />.. _ ___ __ ___ , ______ __ __ __ ___ G_J;_~~_t;l..~S1:L.l:I:~~ __ _ ___ ___ __ _____ , Nebraska... __ ___~_ ~_~9_;3.___ _______
<br />(City) (ZIP Code)
<br />
<br />Together with aU 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 shall
<br />not exceed $ $10,234.00 . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<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 described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Fixed Rate Promissory Note 1217900 dated August 15, 2006 in the amount of
<br />$5,117.00 and maturing on 08/20/2011
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />~ 0 1994 Bankers Systems. Inc.. St. Cloud. MN Form RE-DT.NE 1/30/2002
<br />cD -C165(NE) (0301) VMP MORTGAGE FORMS. (800)521-7291
<br />~
<br />
<br />~ (pagrYxt~)
<br />
<br />Loan Number 1217900
<br />
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