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<br />
<br />REAL EST ATE DEED OF TRUST
<br />(With Future Advance Clause) ;l 0, 50
<br />D Construction Security Agreement
<br />D Maste,:' form recorded by _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ '- _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is JIlO_~~E!~ _H L _~QQ,? _ _ _ _ _ _ _ _ _. .
<br />The parties and their addresses are:
<br />
<br />TRUSTOR: JAMES K JEFFRIES, HUSBAND AND WIFE and KELLI J JEFFRIES, HUSBAND AND WIFE
<br />
<br />40 KUESTER LAKE
<br />GRANO ISLAND, NE 68801-8609
<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 />
<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 />LOTS EIGHTEEN (18) AND NINETEEN (19), HAVING A LAKE FRONT FOOTAGE OF 200 FEET,
<br />SITUATED ON THE EAST SIDE OF THE EAST PORTION OF KUESTER LAKE AND BEING ON A PART
<br />OF THE EAST HALF (E1/2) SOUTHEAST QUARTER (SE1/4) IN SECTION THIRTEEN (13)
<br />TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., IN HALL COUNTY,
<br />NEBRASKA BOUNDED ON THE EASTERLY SIDE BY THE COMMON ROAD, AND COMMONLY KNOWN AS
<br />#40 KUESTER LAKE, GRANO ISLAND, NEBRASKA
<br />
<br />The property is located in _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ !J~!! _ _ _ _ _ ___ ___
<br />(County)
<br />
<br />at ~9_ !{Y]!tS_~_~ _~ _ _ _ _ _ _ _ _ _ __
<br />
<br />__________________________________, ~_n..,.".
<br />
<br />Gra,l?,Q._l:l1l:La,~(j__ _ __ __ __ , Nebraska __ __ ~~~Q!____
<br />(Address) (City) (ZIP Code)
<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
<br />shall not exceed $_3_0_,_Q.QQ ,J~Q __ __ __ _ __ __ __ __ _ _' This limitation of amount does not 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 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(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 11/14/2007
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ 0 1994 Bankars Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 5/10/2005
<br />~ -C465(NE) 10506) VMP Mortgaga Solutions, Inc.
<br />
<br />C-07-11-14-0000S3
<br />(page 1 of 4J
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