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<br />State of Nebraska Space Above This Line For Recording Bata
<br />DEED OF TRUST ,~o. So
<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 . .... ....... OS-16.201 O, , , ,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />Jeffrey P. Gilbertson and Mindy A. Gilhertson, Husband and Wife as shown in Survivorship Warranty Deed recorded as Document No. 0200108867
<br />615 Pheasant Place
<br />Grand Island, NE 68801
<br />^ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Archer Cooperative Credit Union
<br />2121 Archer Road
<br />Archer, NE 6881fi
<br />BENEFICIARY: Archer Cooperative Credit Union
<br />Organized and existing under the laws of the state of Nebraska
<br />2121 Archer Road
<br />Archer, NE fi$816
<br />2. CONVEYANCE. I'or 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: lot TwentySeven (27-, Ravenwoad Subdivision, Hall County, Nehraska,
<br />easant Place
<br />The property is located in ................................Hall ................................ at s............................................ .
<br />(County)
<br />........................................................... . .................... ~................... , ebraska .......................
<br />ran s an N
<br />(Address) (City) (ZIP Code)
<br />Together with aIL rights,.easetuepts,,-~~uc~s+;~alte,~, mineral,: riglits,.,.oil aud..~as_rights, all .water.--atad....ripariaa.
<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 LIlVIIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ t.B,pOQ ;QQ , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,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(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 incZrute items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Promissory note showing Jeffrey P and Mindy A Gilbertson Husband and Wife as borrowers in the amount of 518,000.00. Note Maturity of 81162011
<br />NEBRASKA -DEED OF TRUST INPT FQR FNMA, FHLMC, FHA OR VA USE) (page t of 4
<br />~^' Q 1994 Bankera Systema, Inc., St. Claud, MN Form RE•p7~NE 1 /3 012 00 2
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