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<br />DEED OF TRUST ~ /• ~~
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />[~ Master form recorded by . _ _ _ _ _ _ _ _ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May_ 2_1, 2009
<br />and the parties and their addresses are:
<br />TRUSTOR: Jason s Langford
<br />Dawn M Langford
<br />604 Sweetwood Drive
<br />Grand Island, NE 68803
<br />01f 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 Grand Island NE 68802-
<br />BENEFICIARY:
<br />Home Federal Savings and Loan Assn of Grand Island
<br />221 South Locust St Grand Island NE 68801-
<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 />~,ot Seventeen (17), Westwood Park Tenth Subdivision in the City of Grand Island,
<br />Hall County, Nebraska.
<br />and
<br />Lot Nine (9), Westwood Park Fourth Subdivision, in the City of Grand Island, Hall
<br />County, Nebraska
<br />P P Y __ __ all
<br />The ro ert is located in _ _ _ _ _ _ _ at 4145 Sandal_w_o_o_d_ Dr
<br />-- H„----- ----
<br />(County)
<br />-- --- ---- ..___ -___Grand_Island_____ __ ,Nebraska 68803
<br />(Address) - - - (City) (ZlP 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 />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 500, 000 , p0 _ . 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 defined as follows:
<br />A. Debt incurred under the teens 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' narnes, note amounts, interest rates, maturity dates, etc.)
<br />NEBRASKA -DEED 4F TRUST (NOT FOR FNMA, FH4MC, FHA OR VA USE) ~ / (page 7 of 41
<br />O 1994 Wolters Kluwer Financial Services • B~nker5 SystomSTM Form RE-DT-NE 12/15/2006 \~-' _~l
<br />VMP~-C165(NE) (o~oal `3 ~ ; ~ ~ ,~ 4 ~ ~; , , ~-~--•J
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