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3228 W 17TH ST <br />GRAND ISLAND, NE 68803 <br />E] 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 ONE (1), IN BLOCK ONE (1), WESTERHOFF'S SECOND SUBDIVISION, BEING A <br />RESUBDIVISION OF THE SOUTH HALF OF BLOCKS THREE (3) AND FOUR (4) AND THE NORTH HALF <br />OF BLOCKS FIVE (5) AND SIX (6), WESTERHOFF'S FIRST SUBDIVISION, IN THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA <br />The property is located in Hall at 3228 W 17TH ST <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 $ $7, 0 0 0.0 0 . 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 12/14/2000 Loan No: 0372053202 <br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4) <br />Q 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97 r <br />®C165(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291 <br />rn <br />D <br />: rn <br />Q <br />nV) <br />Pq <br />7C � <br />C: <br />--j <br />O <br />r <br />© <br />rn <br />c7 <br />O <br />O <br />c. <br />(A <br />r1 <br />O <br />O -n <br />z <br />O <br />0) <br />N <br />ci <br />�r�C <br />_-TI <br />I ti <br />O <br />Ri <br />D W <br />F—+ <br />turf <br />M <br />r <br />o <br />C.0 <br />rn <br />State of Nebraska <br />Space Above This <br />Line For Recording Data <br />Ca <br />• <br />DEED OF TRUST <br />(With Future Advance Clause) <br />El <br />Construction Security Agreement <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Dec <br />14, 2000 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />b <br />v <br />TRUSTOR: KENNETH L CUDDEFORD, <br />AN UNMARRIED PERSON <br />3228 W 17TH ST <br />GRAND ISLAND, NE 68803 <br />E] 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 ONE (1), IN BLOCK ONE (1), WESTERHOFF'S SECOND SUBDIVISION, BEING A <br />RESUBDIVISION OF THE SOUTH HALF OF BLOCKS THREE (3) AND FOUR (4) AND THE NORTH HALF <br />OF BLOCKS FIVE (5) AND SIX (6), WESTERHOFF'S FIRST SUBDIVISION, IN THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA <br />The property is located in Hall at 3228 W 17TH ST <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 $ $7, 0 0 0.0 0 . 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 12/14/2000 Loan No: 0372053202 <br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4) <br />Q 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97 r <br />®C165(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291 <br />