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<br /> State of Nebraska Space Above Ttds Line For Recording Data
<br /> DEED OF TRUST
<br /> (With Future Advance Clause) �"
<br /> 0 Construction Security Agreement �
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is May_ 1_2_,_ 1999 __________________
<br /> and the parties, their addresses and tax identification numbers, if required, aze as follows:
<br /> TRUSTOR: JAME3 P PETERSEN and DEBRA E PETER$EN HUSBAND AND WIFE
<br /> �
<br /> 123 CENTENNIAL DR
<br /> GRAND I3LAND, NE 68801
<br /> � If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE: Earl D Ahlschwede, Attorney
<br /> GRAND ISLAND,
<br /> BENEFICIARY:Equitable Building and Loan Association
<br /> 113-115 N. Locust Street
<br /> Grand Island, NE 68801-6003
<br /> 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br /> secure the Secured Debt (defined below) and Trustor's performance under this Securrty Instrument, Trustor irrevocably
<br /> grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br /> property:
<br /> LOT TWO (2) , IQTICKREF�I 3EVENTH (7TH) ADDITION TO THE CITY OF GRAND ISI�AND, uar•r•
<br /> COUNTY, NEBRASRA.
<br /> Thepropertyislocatedin_________________ Hall _________________ � 123_ CENTENNIAL_DR__________
<br /> (County)
<br /> , GRAND_ISLAND_________ Nebraska_____68801
<br /> -- '
<br /> ------------ ------- Ci (
<br /> (Address) ( ry) ZIP Code)
<br /> Together with a11 rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, a11 water and ripazian
<br /> rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br /> now, or at any time in the future, be part of the real estate described above(a11 referred to as "Property").
<br /> 3. MAI�IIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed$ 8,600_.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 a11 promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br /> below and a11 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 and security agreement dated 05/12/1999
<br /> N�RASKA-D�OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA US� (page 1 of 4)
<br /> �7994 Bankers Syatems,Inc.,St.Cloud,MN(1-800-397-2341) Form RE-DT-NE 10/27/97
<br /> �-C165(Nq(9808).�8 VMP MORTGAGE FORMS-(800)521-7291
<br />
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