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<br /> � ' State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST 90000200 �
<br /> (With Future Advance Clause) C'�
<br /> APRIL 8, 1998 ��
<br /> 1. DATE AND PARTIES.The date of this Deed of Trust(Security Instrument)is............................................................ �
<br /> and the parties,their addresses and tax identification numbers,if required,are as follows:
<br /> GRANTOR:
<br /> RICHARD L PELLAND AND JANET L PELLAND, EACH IN HIS AND HER OWN
<br /> RIGHT, AND AS SPOUSE OF EACH OTHER
<br /> 4164 NORWOOD DR, GRAND ISLAND, NE 68803
<br /> ❑If checked, refer to the attached Addendum incorporated herein, for additional Grantors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE:
<br /> EARL D. AHLSCHWEDE, ATTORNEY
<br /> P.O. BOX 2300 , GRAND ISLAND, NE 68802
<br /> LENDER:
<br /> THE EQUITABLE BUILDING AND LOAN ASSOCIATION
<br /> OF GRAND ISLAND, NEBRASKA, A FEDERAL SAVINGS BANK
<br /> P.O. BOX 160, GRAND ISLAND, NE 68802
<br /> 2. CONVEYANCE.For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and
<br /> to secure the Secured Debt (defined below) and Grantor's performance under this Security Instrument, Grantor
<br /> irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Lender,with power of sale, the following
<br /> described property:
<br /> LOT TWO (2) , BLOCK FORTY FOUR (44) , RUSSEL WHEELER' S ADDITION TO THE
<br /> CITY OF GRAND I5LAND, HALL COUNTY, NEBRASKA
<br /> The property is located in HALL
<br /> .......................................................................................... at ..........................................................
<br /> (County)
<br /> 409 WEST 12TH ST GRAND ISLAND 68801
<br /> ...............................�..........�..............................., . .....................................................,Nebraska ........................................
<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
<br /> may now,or at any time in the future,be part of the real estate described above(all referred to as"Property").
<br /> 3. MAXIMUM OBLIGATIONL�M Th t tal principal amount secured by this Security Instrument at any one time
<br /> shall not exceed$ ....................1.'.'.�o'�.8........................ .This limitation of amount does not include interest and
<br /> . ..............
<br /> other fees and charges validly made pursuant to this Security Instrum:,nt. Also, this limitation does not apply to
<br /> advances made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br /> covenants contained in this Security Instrument.
<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(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,maturiry dates,etc.)
<br /> NEBRASKA-DEED OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA USE) (PeCJB 1 Of 4J
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