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TRUSTOR: LUTHER F PETERS, AS TRUSTEE, OF THE LUTHER F PETERS TRUST, DATED NOVEMBER 4, <br />1981, AND LAVONNE R. PETERS, AS TRUSTEE OF THE LAVONNE R. PETERS TRUST, DATED <br />1312 MAIN ST NOVEMBER 4, 1981 <br />WOOD RIVER, NE 68883 <br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />Equitable Federal Savings Bank of Grand Island <br />113 -115 N Locust St <br />Grand Island, NE 68801 <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 1, 2, AND 3, BLOCK 3, IN THE WEST NORTH LAWN SECOND ADDITION TO THE CITY OF <br />WOOD RIVER, HALL COUNTY, NEBRASKA. <br />The property is located in - - - - - - - - - Hall at 1401-1403-1405 COTTONWOOD <br />(County) - - - - - -- -- - - - - -- - - - -- <br />ST - - - - - - _ - - WOOD RIVER _ _ - -- Nebraska_ -- 68883 <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 $ 22, 583.50 This limitation of amount does not include interest and other fees <br />- - - - - - - - - - - - - - - <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 10/06/2004 <br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) ,l(page l O <br />Ej� (D 1994 Bankers Systems, Inc., St. Cloud, MN Form RE -DT -NE 1/30/2002 _J <br />®C165(NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291 <br />o <br />r13 _ D <br />rn <br />C:) <br />=3 <br />x <br />Z rn;, <br />--� <br />z <br />-i rn <br />N <br />N <br />yl <br />( 1 <br />c: <br />Nom. , `�� <br />N <br />p <br />0 <br />° <br />, r' <br />�.. <br />r, <br />r- <br />C:3 <br />3 <br />x <br />` <br />° <br />v� <br />Co <br />CD <br />C <br />CO <br />Cn <br />Q, <br />z <br />0 <br />State of Nebraska <br />Space Above This Line For Recording Data <br />N <br />DEED OF TRUST <br />(With Future Advance Clause) <br />0 <br />Construction Security Agreement <br />E] Masterformrecordedby <br />- - - - <br />- - - - - - - - - - - - - - - - <br />- - <br />- -_ <br />1. <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is _Oct 015� <br />20_04_ <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />- <br />- - - <br />TRUSTOR: LUTHER F PETERS, AS TRUSTEE, OF THE LUTHER F PETERS TRUST, DATED NOVEMBER 4, <br />1981, AND LAVONNE R. PETERS, AS TRUSTEE OF THE LAVONNE R. PETERS TRUST, DATED <br />1312 MAIN ST NOVEMBER 4, 1981 <br />WOOD RIVER, NE 68883 <br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />Equitable Federal Savings Bank of Grand Island <br />113 -115 N Locust St <br />Grand Island, NE 68801 <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 1, 2, AND 3, BLOCK 3, IN THE WEST NORTH LAWN SECOND ADDITION TO THE CITY OF <br />WOOD RIVER, HALL COUNTY, NEBRASKA. <br />The property is located in - - - - - - - - - Hall at 1401-1403-1405 COTTONWOOD <br />(County) - - - - - -- -- - - - - -- - - - -- <br />ST - - - - - - _ - - WOOD RIVER _ _ - -- Nebraska_ -- 68883 <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 $ 22, 583.50 This limitation of amount does not include interest and other fees <br />- - - - - - - - - - - - - - - <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 10/06/2004 <br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) ,l(page l O <br />Ej� (D 1994 Bankers Systems, Inc., St. Cloud, MN Form RE -DT -NE 1/30/2002 _J <br />®C165(NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291 <br />