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<br />REAL EST A TE DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o J\.Iaster form recorded by _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is _S_e..E.1;,~~~ _Q~ l. _~QQ~_ _ _ _ _ _ _ _. .
<br />The parties and their addresses are:
<br />
<br />TRUSTOR: STEVEN T SHELTON, HUSBAND AND WIFE and SHERYL A SHELTON, HUSBAND AND WIFE
<br />
<br />3417 ANDREW AVE
<br />GRAND ISLAND, NE 68801
<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 />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 Beneticiary, with power of sale, the following described
<br />property:
<br />LOT FIFTEEN (15) IN SASS'S SECOND SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />
<br />The property is located in _ _ _ _ u _ _ _ _ _ _ _ _ _ u~~!!a a~ _ a_ a_ a a_at ~~1-J_ .M!P_~~_~yJ!;aa_ _ _ _ ___
<br />(County)
<br />__ a_ _ a __ a a _ _ a a _ aa__a a _ _ _ , a _a _ _ _~;~I!(L!!!!l!.l!;i_ u a aa , Nebraska aa~~~Q!aa.
<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 $_1_0_,-Q.Q.Q '- QQ a a a _ a a a a _ _. This limitation of amount does not include interest and other
<br />fees and(:.~arges validly llUlde 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 AnV ANCES. 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 tinal maturity date of such debt(s).)
<br />A Line of Credit Aqreement dated 09/03/2008
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~11} 0 1994 Bankers Systems, Inc.. St. Cloud, MN Form OCP-REDT-NE 5/10/2005
<br /><SIt -C465(NE) (0505) VMP Mortgage Solutions, Inc.
<br />
<br />C-08-09-03-000017
<br />(page 1 of 4)
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