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<br />Slate oC Nebraska Space Abave This Line For Recorcling Data
<br />----- DEED OF TRUST �
<br />(With Future Advance Clause) �
<br />0 Construction Security Agreemenf c-,
<br />❑ MaStEC �OPtri CeCOCaCt� I�y ......... • • • • • • • • • • • • ........
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrwnent) is . . . . . . . . . . . . . . . . . . ? z-15•201 p. . . . . . . , , . , , , , , , ,
<br />and the parties, their addresses aud tax idenCification uutnbers, if required, are as follows:
<br />Lance H. �ermansen and Sh�rry G. Hermans�n, husband & wife
<br />TRUSTOR: Adam W. Hurt and Hea�her L. Hurt, husband & wife
<br />Barry Sapearnaw, a single persan
<br />1205 Cedar kidge Ct. Apt. 7B
<br />Grand Island, NE 5$$03'
<br />❑ If checked, refer to the attached Addendum incorporated herein, for addiCioc�►L Trustors, their signatares and
<br />acknowledgnaents.
<br />TRLJSTEE: prcher Cooperative Credit Union
<br />1414 5ixteenth Street P.O, Bax 284
<br />Central City, NE 68826•0284
<br />$ENEFICIARY: Archer Cooperative Credit Unian
<br />Drganized and existing under the laws of the state of Nabraska
<br />1414 Sixteenth 5treet P.O. Box 284
<br />Cantral City, NE 68828-0284
<br />2. CONVEYANCE. For good and valuable consideratian, the receipt and sufficiency of which is acl�uowledged, and to
<br />secure tb.e Secured Debt (defined below) and Trustnr's performance under this Secur'tty Instrument, '�rustor irrevocably
<br />�r� nts, conveys and sells to Trustee, ia trust for the bene�it of Beneficiary with power of snle, the �ollowing dc,e�ibed
<br />P���P��Y � Fractional Lot 6, Block 101, Koenig and Wiehe's Addition to the City of Grand Island, Hall County, Ne6raska and its camplement fractianal Lot 6, In
<br />Block 101, of the Railraad Addition ta the City of Grand Island, Hall County, Nebraska
<br />The properCy is located iu ................................N�JI..............................., at �........eni.9.................................
<br />a
<br />(Co�u�ty)
<br />........................................................... . .................... d................... , e raska .......................
<br />Cvand l�l�n . N b 68801
<br />(Address) (CiCy) (ZIP Code)
<br />Tagether witla all rights, exsemencs, appurtenances, roy�lties, mineral rights, oil and gas rights, all water and riparian
<br />ri�hts, diCcl�es, aud wxter st�ck and all existiug and future improvemenCs, structures, fixtures, and replacements that may
<br />uaw, or �t any tit�e i� the fucure, he p�►rt of the real estate described xbove (all referred to as "Property").
<br />3. MAXlMUM OBLIGATTON LTIVIIT. The tota( principal amounC secuced by this Security Instrument at any one time shall
<br />not exceed $ d�.238•0Q . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . This I imi[atiou of amount does not include interest and other fees
<br />and charges validty made pursuant to this Security Instrument. Also, Chis limitation does nat apply to advauces made under
<br />the terms of this Security Instrument to protect Beneficiary's securiry and to perform any of tb.e covenants contained in this
<br />Securiry Instruxnent.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defip�ed as foltows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s) guaranty(s) or other evideuce of debt described
<br />below and all tl�eir extensions, renewals, rnodifications or substitutions. (4Vhen referencing the debts below ir is
<br />suggested that yau include items such as borrowers' names, note amor�nts, interest rates, maturity drztes, etc.)
<br />Nate Showing Lance H Hermansen, Adam Hurt and Barry Supernaw as horrawers in the amount af 545488.00. Note maturity date is 12115�2Q11
<br />NEBRASKA - DEED OF TRUST WQT FOR FNMA, FHLMC, FHA OR Vq USE)
<br />�r �"' C) 7994 Bankers Systama, Inc., St. Cloud, MN Farm RE-DT-NE 1l90/2002
<br />L � rp�9� af 41
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