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<br />Space Above TIns Line For Recording Data
<br />
<br />TRUSTOR:
<br />STEVEN D. HANQUIST AND DEBRA F. HANQUIST - MARRIED
<br />413 East Oklahoma
<br />Grand Island Nebraska 68801
<br />
<br />TRUSTEE:
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCHER, NE 68816
<br />
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ <W 1 994 Banke" Systems, if,".. Sl. Cloud, MN Form RE-DT -NE 1/30/2002
<br />
<br />~ d. $"'1)
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />D. Master form recor-ded..bY~''';"'''''''''.,t''~...'..''.'...;''''1II'-'~.'';6''...II. - "--~'~--""'"
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ...O.~j2)'/.Q.Q...,..........................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />'---- -_.~-'
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<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 />
<br />LOT 18, JAMSON SUBDIVISION, CITY OF GRAND ISLAND,
<br />HALL COUNTY I NEBRASKA
<br />
<br />The property is located in .............,... .~~~.~...............................,.......... at ..............................................
<br />(County)
<br />
<br />.4.13. .EAS1'. .GKLAHOMA............................., GRAND.. ISLAND.............................., Nebraska J~ ~.?9.J,...............
<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 LIl\flT. The total principal amount secured by this Security Instrument at anyone time shall
<br />d $ 25 000 00 Th' I' .. f d . I d . d I -i'
<br />not excee ............... r....... .~...... .. ........ .. ......... tS mutatIOn 0 amount oes not me u e mterest an ot ler lees
<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 sueh as borrowers' names, note amounts, interest rates, maturity dates, ete.)
<br />Promissory Note showing Deb Hanquist and steven D. Hanquist as
<br />borrowers in the amount of $25,000.00 and the note matures 11-05-2013
<br />
<br />(page 1 of 4J
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