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<br />THIS State of /� N RU TION SECUft1`1 I S� eU�ID�e or H�DN BRASKA
<br />REAL ESTATE DEED OF TRUST CONSTRUCTION LIEN ACTQ
<br />0173050595 (With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is09/19/2001
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:ERIC J ALLEN AND CONDA L ALLEN HUSBAND AND WIFE
<br />516 S GRANT
<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 />Equitable Federal Savings Bank of Grand Island
<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 ELEVEN (11), BLOCK ONE (1), PONDEROSA LAKE ESTATES THIRD SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in Hal l at 164 PONDEROSA COURT
<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
<br />shall not exceed $ - 600 , 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 />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
<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 of such debt(s).)
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USEI�age o 4)
<br />(D 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REOT -NE 1113199
<br />®C465(NE) (99G2).G1 VMP MORTGAGE FORMS - (8001521.7291
<br />
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