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<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />
<br />o
<br />"'tP/O
<br />r
<br />
<br />o Master form recorded by _ ._ _ ... ___ _ ___ _ _ __ _ __ _ _ ___ _ __
<br />I. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is January 11, 2008
<br />and the parties and their addresses are:
<br />
<br />TRUSTOR: THE ELKS BUILDING ASSOCIATION OF GRAND ISLAND, NEBRASKA
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<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 />SEE ATTACHED EXHIBIT "A"
<br />
<br />The property is located in
<br />
<br />(Address)
<br />
<br />Hall
<br />-.--------.--.-
<br />(County)
<br />.. _ _ _ _ _q:;:~l:?,ci I~land
<br />(City)
<br />
<br />68801
<br />_.__ _. .._._ - u_._
<br />(ZIP Code)
<br />
<br />m 631 SOUTH LOCUST ST
<br />.-. ... ..-. -- ... -.. - -- - - -- -
<br />
<br />, Nebraska
<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 $ 18,705..0_0 _ n_ _ _ _ n _ _ __ __ ... _ _' 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(ies) 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 01/11/2008
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />o 1994 Wolters Kluwer Financial Services. Bankers Systems TM Form RE.DT"NE 12/15/2006
<br />VMP@-C165INEI 10708)
<br />
<br />(page 1 of 4)
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