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<br />State of Nebraska Space Above 1�ns ine For Recording D� �
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by .............................
<br />�ATE AIVi� PAI��.'IES. The date of this T�eed or 'T'rust (Security Instrument) is . . . . . . . . . . . . . . . . . . 04-04-2011, , , , . , , , , , , , , , , , , ,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />LD �
<br />TRUSTOR:
<br />Todd D. Gallion and Colleen Gallion, Husband and Wife
<br />2535 Del Monte Ave
<br />Grand Island, NE 68803
<br />� If checked, refer to the attached Addendum incorparated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Archer Cooperative Credit Union
<br />2121 Archer Road
<br />Archer, NE 68816
<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 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 followiag described
<br />property: Lot 16, Block 1, Dale Roush Second Subdivision to the City of Grand Island, Hall County, Nebraska
<br />The property is located in ................................NaJI................................. at 32 CherokeeAve
<br />.............................
<br />(Councy)
<br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �ir�nd l���nd. . . . . . . . . . . . . . . . . . . , Nebraska . . . . . . . . 68803. . . . . . . . .
<br />(Address) (City) (ZIP Code)
<br />Together with a1l rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, aitches, and ivaee� stock and all existing and future impro�ements, struct�ires, fi�cCures, 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 LIMTT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 2.O,Q00.00 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , This limitation of amount does not iaclude 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 F'UTITRE 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 Showing Todd D. Gallion as borrower in the amount of 520,000.00. Maturity date is 10-04-2016.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) � (page 1 of 4J
<br /><
<br />� OO 1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1/30/2002
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