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<br /> State of Nebraska Space Above This 1,inc For Recordink Data - ...__...~
<br />DEED OF TRUST"
<br />(With Future Advance Clause) ~,
<br />n Construction Security Agreement
<br />Master form recorded by _ _
<br />I. I)A1'E ANll YAKTIES. The date of this lleed of'I'rust (Security Instrument) is August„ 05 ,_ _2010
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Stephen C. Joel and Linda L. Joel, husband and wife
<br />314 Ponderosa Drive
<br />Grand Island, NE 68803
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgma~ts.
<br />TRUSTEE:
<br />Union Bank & Trust Company
<br />4243 Pioneer woods Drive Lincoln NE 68506-
<br />BENI;I~'ICIARY:
<br />Una.on Bank and Trust Company
<br />4243 Pioneer Woods Drive Lincoln NE 68506-
<br />2. CONVEYANCE. li'or goad and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Scoured Deht (defined below) and 'irustor's performance; under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustcc, in trust for the benefit of Beneficiary, with power of sale, the following descrited
<br />property:
<br />Lot 6, Block 1, in Ponderosa Lake Estates 4th Subdivision, an addition to the City
<br />of Grand Island, Hall County, Nebraska.
<br />The property is located in Hall _ _ _ at 314 Ponderosa Drive
<br />--------
<br />(County)
<br />_ _ _ _ _ _ _ _Grand _ Island ,Nebraska 68803
<br />(Address) (City) (7.IP 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, he part of the real estate described above (all referred to as "Property").
<br />3. MAXIMUM OBLIGATION LIMI'T'. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 127,500.00 ___.____.._.. ,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 Dcht" 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 d<a>as bcl[~w it is
<br />suggcstecl that you include items such as borrowers' names, note amoiurts, interest rates, maturity dates, ecc. )
<br />A Promissory Note dated Auggust 5, 2010 in the amount of $127',500.00 and maturing on November 5,
<br />2010 for borrowers Stephen C. Joel and Linda L. Joel
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHLMG, FHA OR VA USE) (page 1 of 4)
<br />Ej(~L,~^~M Q 1994 8ank¢r5 Systems, Inc., SL Gloud, MN Form RE-DT-NE 1/30/2002 Note Dated August D5, 2011)
<br />©C165(NE)(oaoi) VMPMpp7GAGEFORMS-(800)521-7291 LpanNumberl0-07-000391
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