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<br />State of Nebraska Space Above This Line For Recording Data
<br />01- 72053152 DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jan 26,_ 2001
<br />---------------------------------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: ROBERT E ELLINGTON and ANNETTE M ELLINGTON, HUSBAND & WIFE
<br />11 PONDEROSA DR
<br />GRAND ISLAND, NE 68803
<br />01f 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 18B, BLOCK ONE (1), PONDEROSA LAKE ESTATES SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in Hal - _ _ at 11 PONDEROSA DR
<br />-------- - - - - -- - - - --
<br />(County)
<br />------------------------------------- , - -_ -_ -- GRAND _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 />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ $15.000.00 . 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 01/26/2001 Loan No: 0172053152
<br />NEBRASKA . DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) �Pag�l of 41
<br />`0 1994 Bankers Systems, Inc., St. Cloud, MN (1.800- 397 -2341) Form RE -OT -NE 10127197 IT I 1✓
<br />db C165(NE) (980B) VMP MORTGAGE FORMS - (8001521.7291 �F�
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