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ra c�..n _ M _ > M D '��' r^ ar _ O �� - < o O. \ -rl - ^ Tj O \ v 1 C c1.3 n - r o State of Nebraska Space Above This Line For Recording Data 373051013 REAL ESTATE DEED OF TRUST This Instrument constitutes a (With Future Advance Clause) construction security agreemEt) ® Construction Security Agreement security interest under the 0 Master form recorded by Nebraska Coistructim Lim Act 1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May 26, -2004 and the parties, their addresses and tax identification numbers, if required, are as follows: TRUSTOR:DUANE A JOHNSON and DEE ANN JOHNSON, HUSBAND AND WIFE 3821 ROCHDALE CIR GRAHD ISLAND, NE 68803 E] If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and acknowledgments. TRUSTEE: Arend R. Baack, Attorney P.O. Box 790 Grand Island, NE 68802 -0790 BENEFICIARY: Equitable Federal Savings Bank of Grand Island 113 -115 N. Locust Street Grand Island, NE 68801 -6003 Organized and Existing Under the Laws of The State of Nebraska 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustor' s performance under this Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: SEE ATTACHED EXHIBIT "A" The property is located in Hall at 3032 MONI_TOR RD (County) GRAHD _ ISLA_ N_ D_ Nebraska 68803 (Address) (City) (ZIP Code) Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property "). 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall not exceed $ 291, 000.00 . This limitation of amount does not include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this Security Instrument. 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other evidence of debt described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify the debts) secured and you shduld` ificlude the final maturity date of such debt(s).) A Promissory Note dated 05 /26/2004 NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page f of 4) /--�y--/Ctr=sM (D 1994 Bankers Systems, Inc., St- Cloud, MN Farm OCP-REDT-NE 113012002 40 C465(NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291