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<br />_ ~....--. State of DTebraska Space Above Tbis Line For Recording Data
<br />REAL ESTATE DEED OF TRUST o?a ~-~
<br />(With Future Advance Clause)
<br />^ Construction Security Agreement
<br />^ Master form recorded by .............................
<br />1. DATE AND FARTIES. The date of this .Deed of Trust (Security Instrument) is .09:18: 2008. • .
<br />.............................. .
<br />The parties and their addresses are:
<br />TRUSTOR:
<br />RICHARD L. NEL50N AND BRENDA K. NELSON, WU5BAND AND WIFE
<br />577 COTTONWOOD LOOP
<br />BISMARCK, ND 58504.7412
<br />^ If checked, refer to the attached Addendum incorporated herein, far additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Sfic~ ~rfi ~"i-~-1 e~
<br />BENEFICIARY:
<br />~ ~a~an~ y ~.~~, pan y
<br />STARION FINANCIAL
<br />ORGANIZED AND EXISTING UNDER TWE LAWS Of THE STATE OF NORTH DAKOTA
<br />333 N 4TH ST
<br />815MARCK, ND 58501
<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 />LOT FOURTEEN ~14-, BLOCK ONE 1115UMMERFIELD ESTATES SEVENTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />........................... 3818 MEADOWLAR
<br />The property is located in .HALL ................................. . at .................. KCIRCLE...................
<br />(County)
<br />.............................. ...... 68803
<br />......... ...................... GRAND ISIAND................................... ,Nebraska .......................
<br />(Address) (City) (ZIP 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 improveziicnts, strtictures, 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 />........................
<br />not exceed $ 387,DOp.00 , , , , , , , , , , , ,, , , , , , , , , , , , ,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 terms of all promissory note(s), contract(s), guaranty(ies) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify the
<br />debt(s) secured and you should include the final maturity date of such debt(s).)
<br />HOME EQUITY LINE OF CREDIT AGREEMENT IN THE NAME OF RICHARD L NEL50N ANO BRENDA K NEL50N pATED 08.18.2008 IN THE MAXIMUM
<br />AMOUNT OF 5387,000.00, WHICH MATURES ON 09.15.2013.
<br />NEBRASKA -HOME EQUITY LINE OF CREDIT PEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) ~• lpa 4J
<br />~~®©1994 Bankers Systems, Inc., St. Cloud, MN Form OCP-RE07-NE fil10/2005
<br />`7'8~~~~
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