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<br />DEED OF TRUST
<br />(With Future Advance Clause) e.! 0 . Sa
<br />D Construction Security Agreement
<br />D Master form recorded by_ _ _ __ _ __ __ __ _ __ __ __
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security-instrument) is ~p~=~=2=,==2=~07 - - - - - - - - - - - - - - - --
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: ,. - - - - - - - - - - - - -
<br />
<br />~
<br />o
<br />a
<br />
<br />Space Above This Line For Recording Data
<br />
<br />TRUSTOR: Gary E Shovlain
<br />Linda D Shovlain, HUSBAND AND WIFE
<br />2211 RIVERSIDE DRIVE
<br />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 />Arend R. Baack, Attorney
<br />P. O. Box 790
<br />Grand Island, NE 68802
<br />
<br />BENEFICIARY:
<br />
<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 />
<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 TWO (2), SHOVLAIN SECOND SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, EXCEPT A TRACT OF LAND MORE PARTICULARLY DESCRIBED IN DEED RECORDED AD
<br />DOCUMENT NO. 200007315
<br />
<br />The property is located in _ _ _ _ _ _ _ _ _ _ _ _ _ _ .,.
<br />
<br />at ~~~~_ _S_._ _~~q\!st
<br />
<br />(Address)
<br />
<br />Hall
<br />------------------
<br />(County)
<br />__ _ ___ _ _G:r;:~l!(L!l!I!~~d _ _ _ _ _ _ _ , Nebraska
<br />(City)
<br />
<br />_l?~!WL _ _ ___
<br />(ZIP Cude)
<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 $1.00,000.0_0_ _ _ _ _ __ _ _ _ _ _ _ __ . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 06/22/2007
<br />
<br />(page 1 of 4)
<br />
<br />NEBRASKA - DEED OF TRUST INOT FOR FNMA, FHlMC, FHA OR VA USEJ
<br />E';<f5E!~ 0 1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1/3D/2D02
<br />.-C165(NE) 103011 VMP MORTGAGE FORMS -18001521-7291
<br />$
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