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<br /> State of Nebraska Space Above This Line For Recording Data
<br />
<br />o Master form recorded by.. _ u u u _ u u u _ _ _ u u _ u _ u u u _ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />The parties and their addresses are:
<br />
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />
<br />2&-:>0
<br />
<br />^1.lqt!!!~ ."OEi '- _~QQ~ _ _ _ _ _ _ _ _ _
<br />
<br />TRUSTOR:STEPHEN F VAUGHN, HUSBAND AND WIFE and LORI K VAUGHN, HUSBAND AND WIFE
<br />
<br />148 PONDEROSA CT
<br />Grand Island, NE 68803
<br />o 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 />
<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 />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 SEVEN (7), BLOCK ONE (1), PONDEROSA LAKE ESTATES THIRD SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _1J@.lJ._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ at J.~~_ .?9.m>_E_~Q~~ J;;~ _ _ _ _ _ _ _ _ __
<br />(County)
<br />~uuuu__uu_uu__ , _uuu_G.J;:li!I!(L!~J.@.!l~uu___u, Nebraska uu(:jli!li!Q~uu_
<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
<br />shall not exceed $_4_Q.,-Q.QQ,..r~Q u u u __ u u u' 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 08/06/2008
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST INOT FOR FNMA, FHLMC, FHA OR VA USEI
<br />EJ<{5iiii'8e~ 0 1994 Bankers Systems, Inc.. 51. Cloud, MN Form OCp.REDT-NE 5/10/2005
<br />'IIl-C465(NEI 105061 VMP Mortgage Solutions, Inc.
<br />
<br />C-OB-08-06-000015
<br />(page 1 of 4J
<br />
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