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<br />DEED OF TRUST ~ '\
<br />(With Future Advance Clause) ~
<br />[i] Construction Security Agreement 0-
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<br />State of Nebraska
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<br />TRUSTOR: NATHAN A CLEM1\NS
<br />JAMIE L CLEM1\NS
<br />131 ISLAND DR
<br />DONIPHAN, NE 68832
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE;
<br />Arend R Baaok, Attorney
<br />P. O. Box 790 Grand Island NE 68802-
<br />
<br />BENEFICIARY:
<br />Home Federal Savings and Loan Assn of Grand Island
<br />221 South Locust St Grand Island NE 68801-
<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 Seventeen (17), Hoffman Second Subdivision an Addition to the Village of
<br />
<br />Doniphan, Hall County, Nebraska.
<br />
<br />The property is located in _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ltaAl_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ at 1-91- _ Pll.RI_S_~Q.I?~~ _ C;;~~ _ _ _ _ _ _ _ _
<br />(County)
<br />_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ , _ _ _ _ _ _ _ _ _ )~~I};P~~~_ _ _ _ _ _ _ _ _ _ _ , Nebraska_ _ _ _ _ ~~~~~_ _ _ __
<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 shall
<br />not exceed $1-JlJJ_O_O_O_._O_O_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _' 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 defmed 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 />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />o 1994 Wolters Kluwar Financial Sarvlces - Bonkers Systems TU Form RE-DT -NE 12/15/2006
<br />VMP I!ll.C 165(NE) (0709)
<br />
<br />. fVl. (page r f}J 4)
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