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o <br />1. <br />State of Nebraska Space Above This Line For Recording Data <br />DEED OF TRUST <br />G 1 J 51 (With Future Advance Clause) <br />Construction Security Agreement <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jan 0 8, 2 0 01 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: VAUGHN L HESSELGESSER and VICKI L HESSELGESSER, HUSBAND AND WIFE <br />4302 MARIAN RD <br />GRAND ISLAND, NE 68803 <br />El If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />Earl D Ahlschwede, Attorney <br />BENEFICIARY: <br />The Equitable Building & Loan Association, FSB <br />113 -115 N. Locust Street <br />Grand Island, NE 68801 -6003 <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 6, BLOCK 2, WIESER SUBDIVISION OF THE W1 /2SWl /4 OF SECTION 2, TOWNSHIP 11 NORTH, <br />RANGE 10 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA. <br />The property is located in Hall at 4302 MARIAN RD <br />(County) <br />GRAND I S LAND 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 />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall <br />not exceed $ $30, 000.00 . 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 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, maturity dates, etc.) <br />A Promissory Note dated 01/08/2001 Loan No: 0372053228 <br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) <br />1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97 <br />dM C165(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291 <br />(page 1 of 4) <br />A <br />n <br />C, <br />In <br />o , <br />c> (n <br />y <br />7C <br />L <br />C- <br />N <br />M <br />Z —4 <br />M <br />CD <br />o� <br />t� <br />o -T1 <br />CD <br />tis <br />� <br />1 <br />� J <br />� AT <br />L.► <br />r <br />�'. <br />\ <br />M <br />D <br />O <br />rn <br />� <br />r <br />�Cn <br />0 <br />d <br />W <br />CID <br />CID <br />N <br />01 <br />O <br />07 <br />State of Nebraska Space Above This Line For Recording Data <br />DEED OF TRUST <br />G 1 J 51 (With Future Advance Clause) <br />Construction Security Agreement <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jan 0 8, 2 0 01 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: VAUGHN L HESSELGESSER and VICKI L HESSELGESSER, HUSBAND AND WIFE <br />4302 MARIAN RD <br />GRAND ISLAND, NE 68803 <br />El If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />Earl D Ahlschwede, Attorney <br />BENEFICIARY: <br />The Equitable Building & Loan Association, FSB <br />113 -115 N. Locust Street <br />Grand Island, NE 68801 -6003 <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 6, BLOCK 2, WIESER SUBDIVISION OF THE W1 /2SWl /4 OF SECTION 2, TOWNSHIP 11 NORTH, <br />RANGE 10 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA. <br />The property is located in Hall at 4302 MARIAN RD <br />(County) <br />GRAND I S LAND 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 />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall <br />not exceed $ $30, 000.00 . 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 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, maturity dates, etc.) <br />A Promissory Note dated 01/08/2001 Loan No: 0372053228 <br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) <br />1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97 <br />dM C165(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291 <br />(page 1 of 4) <br />