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<br /> Space Above This Une For Recording Data :20 . Sd
<br /> State of Nebraska
<br />
<br />
<br />
<br />'----"-,._-,._~
<br />
<br />DEED OF TRUST
<br />
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master fonn recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ......,.,.....:..,,1q.p.7).qQ~..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />JOE JESS GALVAN AND PATRICIA A. GALVAN, HUSBAND AND WIFE
<br />243 N. oARR
<br />GRANDISLAND,NE 68801
<br />
<br />o If checked, refer to the attached Addendulll incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />BANK OF ooNIPHAN
<br />P,O. BOX 270
<br />DoNIPHAN, NE 66632
<br />
<br />BENEFICIARY:
<br />
<br />BANK OF ooNIPHAN
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />POBOX 270
<br />DONIPHAN, NE 66632.0270
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the reccipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's perfonllancc under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Bcneficiary, with power of sale, the following described
<br />property: LOT THIRTY FOUR (34) LARUE THIRD SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in ........""",.............". H4~~. . . . . . . . . . . . . , , . . , . . . . . . . . . . . . .. at ~,~ 11.q~~~W9.qP. . , , , , , , , , , . . . . . . . . . . . . . . . . . , .
<br />(Coullty)
<br />
<br />........""..,............,.,.,."..:...........", "'....., .......".,.,..... .G81\IIJO.l.~~4I\(O."..............., Ncbraska ..."", ,QaaD.1.........
<br />(Address) (City) (ZIP Code)
<br />
<br />Togcther with all rights, easements. appurtenances, royalties. mineral rights. oil. and. gas rights, all water acl riparian
<br />rights, ditches, and water stock and all existing and futurc improvements, structures, fixturcs, 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 Instrwllent at anyone time shall
<br />not exceed $ ~P,DP.Q,D.Q.........."""............,."".,..... . 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 tenns of this Security Instrwnent to protect Bcncficiary's sccurity and to perfoml any of the covenants contained in this
<br />Security Instrwnent.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The tenll "Secured Debt" is defined as follows:
<br />A. Debt incurred under thc tenns of all promissory notc(s), contract(s), guaranty(s) 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, ete.)
<br />CONSTRUCTION LINE OF CREDIT FOR ~5o,OoO.OO TO JOE JESS GALVAN AND PATRICIA A, GALVAN AT AN INTEREST RATE OF 6.75% INCLUDING ANY
<br />RENEWALS, REVISIONS AND EXTENSIONS
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />E'x{!Je/"i;1M @1994 Bankars Systams, Inc., St. Cloud, MN Form RE.DT-NE 1/30/2002
<br />
<br />(page 1 of 4)
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