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<br />State of Nebraska
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<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />[X] Construction Security Agreement
<br />o Master form recorded by.............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. P.1:7.2).qqL................
<br />and the parties, their addresses and laX identification numbers, if required, are as follows:
<br />
<br />p.t.
<br />
<br />TRUSTOR:
<br />
<br />LARRY A, LAMBERT AND BRENDA l. LAMBERT, HUSBAND AND WIFE AND EACH IN HIS OR HER OWN RIGHT
<br />1340 WEST CHURCH STREET
<br />ALBION, NE 68620
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />MADISON COUNTY BANK
<br />p,o, BOX 109
<br />ALBION, NE 68620
<br />
<br />BENEFICIARY:
<br />
<br />MADISON COUNTY BANK
<br />ORGANIZED AND EXISTING UNDER THE lAWS OF THE UNITED STATES OF AMERICA
<br />103 SOUTH 4TH STREET
<br />P,D, BOX 109 ALBION, NE 68620
<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 Beneficiary, with power of sale, the following described
<br />property: LOT FORTY SEVEN (47) INDIAN HEAD SEVENTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HAll COUNTY, NEBRASKA
<br />
<br />The property is located in ............................... H4LL................................ at ~.o.~Q.~I.Q~P.~~.~~~.C.~.........................
<br />(Collnty)
<br />
<br />. . . . .. .. .. . . , , , , , .. .. , , , , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . ., ......."......... .GElANO.lS4Ltm. . . . . .. . . . . . . . . . . .,
<br /> Nebraska ........ .Q~~P.3. . . . . . . . .
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, mineratfights, 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 amounl secured by this Security Instrument at anyone time shall
<br />not exceed $ 7~.q,P.QQ..qQ........................................ . This limitation of amount does not include interesl and olher fees
<br />and charges validly made pursuanl 10 Ihis Security Instrument. Also, this limilalion does not apply to advances made under
<br />the terms of this Security Instrument 10 protect Beneficiary's security and 10 perform any of the covenalllS conlained in this
<br />Security Instrument.
<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 nOle(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, etc.)
<br />lOAN #35248, $250,000, MATURITY DATE 1/22/2010
<br />
<br />~ @1994 Banko,. Systoms. Inc" St. Cloud, MN Form RE.DT-NE 1/30/2002
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<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA. FHLMC, FHA OR VA USE)
<br />
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