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<br />HOME EQUITY LINE DEED OF TRUST
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<br />20050..9853
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on September 26th
<br />trustor is William C. Hyde and Nancy E. Hvde, as husband and wife
<br />
<br />2005 . The
<br />
<br />("Borrower").
<br />
<br />The trustee is Lincoln Federal Savings Bank of Nebraska 1101 N Street Lincoln, NE 68508
<br />
<br />("Trustee").
<br />
<br />The beneficiary is Lincoln Federal Savings Bank of Nebraska
<br />which is organized and existing under the laws of the United States of America
<br />1101 N Street Lincoln, NE 68508
<br />Borrower owes Lender the principal sum of Eight Thousand and 00/100
<br />Dollars (U.S. $8,000.00 ). This debt is
<br />evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly
<br />payments, with the full debt, ifnot paid earlier, due and payable on September 30, 2008
<br />
<br />, and whose address is
<br />("Lender").
<br />
<br />This Security Instrument secures to Lender: (a) repayment of the debt evidenced by the Note, with interest,
<br />and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, and any future
<br />advances, obligations and indebtedness, with interest, advanced under paragraph 7 to protect the security of this
<br />Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />Hall County, Nebraska:
<br />
<br />Lot One (1), Paradise Lake Estates Third Subdivision, Hall County, Nebraska, according to the recorded plat
<br />thereof.
<br />
<br />which has the address of
<br />
<br />1430 South Gunbarrel Road
<br />[Street]
<br />68801 ("Property Address");
<br />[Zip Code]
<br />
<br />Grand Island
<br />[City]
<br />
<br />, Nebraska
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the
<br />right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform
<br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and all other amounts payable under the Note or the Line of Credit Agreement.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower
<br />shall pa~ to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum
<br />("Funds ') for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on
<br />
<br />J6787.CV (6/05)
<br />
<br />Page 1 of5
<br />
<br />LC-36000 J 9
<br />
<br />GOTO(0004e93d)
<br />
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