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<br />State of Nebraska Space Above This L ne or Recording Data �^- ^ y
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />,,. _ _ , _ _ .
<br />❑ 1Master form recorded by .............................
<br />DATE AND PARTIES. The date of this Deed of Trust (Securiry Instrument) is ..............:...0z•?7.•?Q}3..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: .�
<br />James L. Witter and Karil Witter, Hus6and and Wife �p
<br />1515 North Huston
<br />Grand Island, NE 68801
<br />❑ If checked, refer to the attached Addendum- incorporated herein, for additional Trustors, their signatures and
<br />acKnowLedgtneuCS. � � � � �
<br />TRLJSTEE: prcher Cooperative Credit Union
<br />1414 Sixteenth Street P.O. Bax 284
<br />Central City, NE 68826•0284
<br />BENEFICIARY: q�cher Cooperative Credit Union.
<br />Organized and existing under the laws of the state of Ne6raska
<br />1414 Sixteenth Street P.O. Box 284
<br />Central City, Nt 68826•0284
<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 Securiry Instrument, Trustor irrevocably
<br />grauts, co►iveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: �ot 178 in West Lawn, an Addition to the City of Grand Island, Hall County, Ne6raska
<br />The property is located in ................................Nal�................................. at ?5.15NorthHuston
<br />............................
<br />(CountY)
<br />. . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �rand ls.�and. . . . . . . . . . . . . . . . .. . . , Nebraska . . . . . . . . ss8o1. . . . . . . . .
<br />(Address) (City) (ZIP Code)
<br />Togetl�er with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />ribhts, ditches, aad wacer stock ;�nd al! existing �nd future improvements, structures, fixtures, aud 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 �unount secured by this Security Instrument at any one time shall
<br />not exceed $ 40,000.00 . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . .. ... . This limitation of amount does not include interest and other fees
<br />xnd charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Ins[rument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FiJTURE ADVANCES. The term °Secured Debt" is defined as follows:
<br />A. Debt incurred uuder the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and a(1 their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />srcggested tl�at yo�s include items sueh as borrowers' names, note amounts, interest rates, matt�rity dates, ete.)
<br />Note Showing James L. Witter and Karil Witter as borrowers in the amount of $40000.00. Note Maturity date is 0212812021
<br />NEBRASKA - DEED OF TRUST INOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />� r'^' OO 1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1/30/2002
<br />��(page 1 41
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