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TRUSTOR: CHARLES FARBER JR and KAREN K FARBER, EACH IN HIS AND HER OWN RIGHT AND AS <br />2719 W WAUGH <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 />NE <br />BENEFICIARY: <br />Equitable Federal Savings Bank of Grand Island <br />113 -115 N. Locust Street Grand Island, NE 68801 -6003 <br />Organized and Existing Under the Laws of The State of Nebraska <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 />LOTS FOURTEEN (14) AND SIXTEEN (16), IN BLOCK NINE (9), IN UNIVERSITY PLACE AN <br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AND THAT PART OF VACATED <br />PROSPECT STREET STARTING AT A POINT AT THE SOUTHWEST CORNER OF LOT SIXTEEN (16), <br />BLOCK NINE (9), UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND THENCE <br />EAST ONE HUNDRED THIRTY -TWO FEET (E1321) ALONG THE SOUTHERLY LINE OF LOT SIXTEEN <br />(16), TO THE SOUTHEAST CORNER OF LOT SIXTEEN (16), THENCE SOUTH THIRTY -FIVE FEET <br />tF((SS13D5'R)) AT RIGHT ANGLLEES WITH THE SOUTHERLY LINE OF LOT SIXTEEN �(11e6C)) ; THENCE WEST ONE <br />1lie pnropertyP Iocnea irLF t�YW eWA -w to Ti�eS p aCaL 2 03 22O nNaHOWI EN(16) , <br />(County) <br />GRAND I SLAND Nebraska _6 8 8 01 <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 $ 16, 824.62 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 04/16/2004 <br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page ,(t / 4) <br />E5(15 m Q 1994 Bankers Systems, Inc., St. Cloud, MN Form RE -DT -NE 1/30/2002 /r! <br />(M C1651NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291 <br />C'7) _-+ <br />4= Fri <br />rn 11 n <br />L <br />z M <br />iu �- <br />H <br />n Z_ <br />M <br />r <br />N <br />U' <br />ca <br />CD <br />n <br />W <br />oO <br />to <br />rrt <br />O <br />Z <br />200403939 <br />° <br />State of Nebraska <br />Space Above This Line For Recording Data <br />DEED OF TRUST <br />P <br />(With Future Advance Clause) <br />Construction Security Agreement <br />� <br />Master form recorded by <br />1. DATE AND PARTIES. The date <br />of this Deed of Trust (Security Instrument) is <br />Apr 16, 20_04_ <br />and the parties, their addresses and <br />tax identification numbers, if required, are as follows: <br />TRUSTOR: CHARLES FARBER JR and KAREN K FARBER, EACH IN HIS AND HER OWN RIGHT AND AS <br />2719 W WAUGH <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 />NE <br />BENEFICIARY: <br />Equitable Federal Savings Bank of Grand Island <br />113 -115 N. Locust Street Grand Island, NE 68801 -6003 <br />Organized and Existing Under the Laws of The State of Nebraska <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 />LOTS FOURTEEN (14) AND SIXTEEN (16), IN BLOCK NINE (9), IN UNIVERSITY PLACE AN <br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AND THAT PART OF VACATED <br />PROSPECT STREET STARTING AT A POINT AT THE SOUTHWEST CORNER OF LOT SIXTEEN (16), <br />BLOCK NINE (9), UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND THENCE <br />EAST ONE HUNDRED THIRTY -TWO FEET (E1321) ALONG THE SOUTHERLY LINE OF LOT SIXTEEN <br />(16), TO THE SOUTHEAST CORNER OF LOT SIXTEEN (16), THENCE SOUTH THIRTY -FIVE FEET <br />tF((SS13D5'R)) AT RIGHT ANGLLEES WITH THE SOUTHERLY LINE OF LOT SIXTEEN �(11e6C)) ; THENCE WEST ONE <br />1lie pnropertyP Iocnea irLF t�YW eWA -w to Ti�eS p aCaL 2 03 22O nNaHOWI EN(16) , <br />(County) <br />GRAND I SLAND Nebraska _6 8 8 01 <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 $ 16, 824.62 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 04/16/2004 <br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page ,(t / 4) <br />E5(15 m Q 1994 Bankers Systems, Inc., St. Cloud, MN Form RE -DT -NE 1/30/2002 /r! <br />(M C1651NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291 <br />