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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />REAL EST A TE DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />
<br />TRUSTOR:BRIAN E VAHLE, HUSBAND AND WIFE and HEIDI I VAHLE, HUSBAND AND WIFE
<br />
<br />2408 COTTONWOOD RD
<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 />TRUSTEE:
<br />Arend R. Baack, Attorney
<br />P. O. Box 790
<br />Grand Island, NE 68802
<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 SIX (6) IN BLOCK THREE (3), COLLEGE ADDITION TO WEST LAWN, IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />The property is located in ______
<br />
<br />ljaU_
<br />(County)
<br />_ __ _ __ _ _ __ __ u __ _ u u u _ u u u uGJ;:~t!cL~~!<md __ __ __ . Nebraska __ u ~~~Q!____
<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 />_ at ~~J.J_1'l_ _~~~ _~YFJ _ _ _ _ _ ___
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time
<br />shall not exceed $_4_1_LQ,Q,<L_QQ u __ ___ _ __ u u' This limitation of amount does nol 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 FlITURE 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 01/05/2007
<br />
<br />NEBRASKA - HOME EOUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USEI
<br />Ex:{5Ei'E.@ 0 1994 Benker. Systems, Inc.. St. Cloud, MN Form OCP-REDT.NE 5/10/2005
<br />. .C465(NE) (0506) VMP Mortgage Solutions, Inc.
<br />(!)
<br />
<br />C-07~JP~-000021.
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