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<br />State of Nebraska
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />
<br />D Master form recorded by.............................
<br />
<br />1. DATE AND PARTIES; The date of this Deed of Trust (Security Instrument) is......'.............QJ:9~.~QPf:!.................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />DElORES ANN STUEBEN, A SINGLE PERSON
<br />620 NORTH SHERMAN
<br />GRANDISLAND,NE 68803
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />ERICSON STATE BANK
<br />P. O. BOX 98
<br />ERICSON, NE 68637
<br />
<br />BENEFICIARY:
<br />
<br />ERICSON STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />427 CENTRAL AVENUE
<br />P.-O: BOX-g8' ERICSON, NE 68637
<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 perfonnance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Benefi~iary, with power of sale, the following described
<br />property: LOT THIRTY-FOUR (34) AND THE NORTH HALF OF lOT THIRTY.FIVE (35), 'IN WEST HEIGHTS SECOND ADDITION, AN ADDITION TO
<br />THE CITY OF GRAND ISLAND, HAll COUNTY, NEBRASKA.
<br />
<br />The property is located in ............................. ..ML~................................ at ~.~~.~. ~.~~R~M~ AV~N~.~...................
<br />(County)
<br />.. . . . ..... ,..... ,. . . . . ....... . . . . .. . ........... .. . .... ......, ................. .GR4ND.lSLANIl. . . . . .......:...., Nebraska ........ p.aep.~. . .. . . ..
<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 $ J.Q~.QP.Q..QQ....................................... . 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 teons of this Security Instrument to protect Beneficiary's security and to perfoon any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The teon "Secured Debt" is defined as follows:
<br />A. Debt incurred under the teons of all promissory note(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 I maturity dates, etc.)
<br />PROMISSORY NOTE IN THE AMOUNT OF $75,000.00 DATED 116/2008 EXECUTED BY TIMOTHY RAYMOND STUEBEN AND DElORES ANN
<br />STUEBEN. '
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ @1994 Bankors Systoms.lno.. St. Cloud. MN Form RE-DT-NE 1/30/2002
<br />
<br />f) R,pag30f 4)
<br />
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