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<br />State of Nebraska Space Almve This Line For Recording Data �
<br />DEED OF TRUST a� �j�
<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 06• 15•2011, , , , , , , , , , , , , , , , , ,
<br />.............................
<br />and the parties, their addresses and tax identificationnumbers, if required, are as follows:
<br />TRUSTOR: �• �
<br />Steven f/. Hudnall and Jolene M. Hudnall, Husband and Wife
<br />865 G Road
<br />Chapman, NE 68827
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: p�her Cooperative Credit Union
<br />1414 Sixteenth Street P.O. Box 284
<br />Central City, NE 68826-0284
<br />BENEFICIARY: qrcher Cooperative Credit Union
<br />Organized and existing under the laws of the state of Ne6reska
<br />213 9th St
<br />Chapman, NE 68827
<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 mist for the benefit of Beneficiary, with power of sale, the following described
<br />pTOperty: �ot Ten (10�, in Farmington Subdivision to the City of Grand Island, Hall County, Ne6raska.
<br />The property is located in ................................HflJI................................ at 1820 Spring,Road
<br />(County)
<br />............................................................. ....................�irandl��and...................., Nebraska ........ e$�Q�.........
<br />(Address) (City) (ZIP 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, 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 $ ................................................... . 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 FLJTURE 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. (VVhen referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturiry dates, etc.)
<br />All existing Promissory Notes and specifically a Promissory Note of even date
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />���" OO 1994 Benkara Systama, Inc., St. Cloud, MN Form RE-DT-NE 1l30/2002
<br />fPg9� 41
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