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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />1.
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by _n.. _.. _. H-C-..___. _ _.. _.,____'nn--n--- nn_nnnnnnnn___nn...n-nnn-_n_ _u..m ___n_n_nnn_nnnnnnnnnnn_
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ~p_~_;_~___~~L~.Q.Q.:L.._.~n..n___n________~___n_
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR: Edward L Slips and Enid P. Slips, Husband and Wife
<br />
<br />912 W. lOth St., Grand Island, NE 68801
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />3643 So 48th St, PO Box 82535
<br />Lincoln, NE 68501-2535
<br />
<br />BENEFICIARY:
<br />
<br />Union Bank and Trust Company-Fairbury
<br />1313 K Street Fairbury, NE 68352
<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 described
<br />property:
<br />Lot Eight (8), in Block Nine (9), in Gilbert's Addition to the City of Grand Island,
<br />
<br />Hall County, Nebraska
<br />
<br />The property is located in _________________________________n~~g____ ____ __ .c. ._n________________ at _~_~_~___~n~9. ~~.. ~.t; ____n_____________________
<br />(County)
<br />__ ____ ._______ _____________________________________ ____________ __ ___ , ....... __ _ ___ ~.J:".~~_Q,n~_~~~~~_____________ ____ , Nebraska __________(i_?_~9.;J,____n____
<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 shall
<br />not exceed $ $56,244.00 . 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 />PromiSSOry Note #1287075 dated 04/13/2007 in the amount of $28,122.00 maturing
<br />on 05/02/2010.
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ 0 '994 Bankers Systems, Inc., St. Cloud, MN Form RE.DT.NE 1/30/2002
<br />G<r,).C165(NE) (0301) VMP MORTGAGE FORMS. (800)521.7291
<br />
<br />"f" (pa~ 1 of :s
<br />cFs 1.,
<br />Loan Number 1287075
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