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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />REAL ESTATE DEED OF TRUST
<br />_.._ (With Future Advam~e Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by __ ___ _ _ __ _ ____ ___ __
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is 9cJ;. .!)7.J _2Q.o~
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />.J..::! c:-c
<br />'--'Jl . _,.} )
<br />
<br />TRUSTOR:MICHAEL G HARGENS and KATHERINE A HARGENS, HUSBAND AND WIFE
<br />
<br />4360 SHERWOOD RD
<br />GRAND ISLAND, NE 68803
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Equitable Federal Savings Bank of Grand Island
<br />113-115 N Locust St
<br />Grand Island, NE 68801
<br />
<br />BENEFICIARY:
<br />Equitable Federal Savings Bank of Grand Island
<br />113-115 N. Locust Street Grand Island, NE 68801-6003
<br />
<br />Organized and Existing Under the Laws of The State of Nebraska
<br />
<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 following described
<br />property:
<br />LOT ONE (1), BISHOP HEIGHTS SUBDIVISION, BEING A PART OF THE SOUTHWEST QUARTER OF
<br />THE NORTHWEST QUARTER (SWl/4 NWl/4) , OF SECTION ELEVEN (11), TOWNSHIP ELEVEN (11)
<br />NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br />
<br />The property is located in _ __
<br />
<br />at 43 6 0 SHERWOOD RD
<br />
<br />Hall
<br />(County)
<br />m __ __ _ _ _ _ __ _ G.~ ISLAND , Nebraska 68803
<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 />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time
<br />shall not exceed $_~5_, 000.00_ _ _ _______. This limitation of amount does not include interest and other
<br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Security Instrument.
<br />
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debt(s) secured and you should include the final maturity date 0,1' such debt(s).)
<br />A Line of Credit Agreement dated 10/07/2005
<br />
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USEI
<br />~ 0 1994 Baokers Systellls, loe" St. CIOlld, MN Forlll OCP-REOT.NE 1/30/2002
<br />~-C465(NE) (03011 VMP MORTGAGE FdRMS -.1800)521-1291:
<br />
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