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<br />State of Nebraska
<br />Space Above Ibis Line For liecording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />^ Constraction Security Agreement
<br />^ Master form recorded by _
<br />1. DATE AND PARTIES. The date of thi_s.Deed o~~'xust_(Security Instrument) is Ma~r1>r 31 f__200;9___ ________
<br />and the parties and their addresses are:
<br />TRUSTOR: STEPHEN K BURKHOLDER
<br />TINA R)3URKHOLDER
<br />1710 RIO GRANDE CIRCLE
<br />GRAND ISLAND, NE 68801
<br />~~0 , S a
<br />^ If 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 Sox 790 Grand Island NE 6$802-
<br />BENEFICIARY:
<br />Home Federal Savings and Loan Association of Grand Island
<br />221 South Locust St, Grand Island, NE 68801
<br />2. CONVEXANCE. 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 />" ~'°"~' W '°'- ~grarits; conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />Lot Eight (8), Moa:ningside Acres Subdivision, in the City of Grand Island, Hall
<br />County, Nebraska.
<br />The property is located in _ , _ . Hall___-_ at 1710 Rio Grande Circle
<br />...County) .... _
<br />________ . ... _ _Grand_ Is~and_______ ,Nebraska 68801
<br />(Address) (City)
<br />(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 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 $ 130,,,000 ._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 xo perforrp any af.-the covenant~contaat~l 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 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 />NEBRASKA -PEED OF TRUST INOT FOR FNMA, FH4MC, FHA pR VA USE) ~~~ (page o 4~,
<br />O 1994 Wolters Kluwer Financial Services -Bankers SystemsTM Form RE-DT-NE 12!15!2008
<br />VMI'®-C765(NE-~o~aal ~ ~'--`
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