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State of Nebraska
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<br />This Li For , r Recording
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<br />REAL ESTATE DEED OF TRUST
<br />Security ity Interest tj the
<br />Nftasl�,
<br />(With Future Advance Clause)
<br />Ctr6blidUM LJM Act
<br />® Construction Security Agreement
<br />Master form recorded by
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is _May 03, 2004
<br />Q,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:TIM C PLATE, A SINGLE PERSON
<br />#33 KUESTER LAKE
<br />GRAND ISLAND, NE 68801
<br />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 />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 />LOT SIXTEEN (16), WESTWOOD PARK SEVENTH SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />The property is located in Hall at 416 TEAKWOOD CIRCLE
<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 $ 200, 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(ies) 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 />A Promissory Note dated 05/03/2004
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) -, (page 1 of 4)
<br />1994 Bankers Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 113012002 L!
<br />(0301) VMP MORTGAGE FORMS - (800)521.7291
<br />ID
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