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<br /> State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST ~~,y~a
<br />(With Future Advance Clause)
<br />^ Construction Security Agreemeut
<br />^ Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ...~.u n.~... 7.., ...2.0. ~. ~ ...................
<br />andthe-parties, their addresses and tax idetrtification numbers, -if regtrired;~re -as-faliavvs:-~----~----~-. _ _ _ -- ---~- ~-- -
<br />TRUSTOR:
<br />Rapp, Joan L.
<br />Rapp, Gerald L. Jr.
<br />Wife and Husband
<br />802 E=ast 15th Street
<br />Grand Island, Nebraska 68801
<br />^ If checked, refer to the attached Addendum
<br />acknowledgments.
<br />incorporated herein, for additional Trustors, their signatures and
<br />TRUSTEE:
<br />Archer Cooperative Credit Union
<br />2121 Archer Road
<br />Archer, Nebraska 68816
<br />BENEFICIARY:
<br />Archer Cooperative Credit Union
<br />2121 Archer Road
<br />Archer, Nebraska 68816
<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 (1) One, Norwood Second Subdivision in the City of Grand Island,
<br />Hall County, Nebraska.
<br />The property is located in ..UAL,I_,,,COUNT,Y,,,,,,,,;,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, at ,,, 8,0,2,,,East,,,l,5th,,,S,t,reet
<br />(County)
<br />Grand Island ebraska 68801
<br />........................................................... . .................................................... N .... ..............
<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 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 $ . 5 0 ,, 0 0,0, ., 0 0 , , , , , , , , , , , , , , , , , , , , , , , , , ,'T'his 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(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 />Promissory Note#427765-21 dated July 1, 2004 in the amount of $50,000.00
<br />with a stated maturity date of July 15, 2016.
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA pR VA USE) ,~q~ ( E~ F Of 4J
<br />Ex~~~.M ©1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1/30/2002 ~/~
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