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TRUSTOR: DON PAULY
<br />AKA DONALD EDWARD PAULY. AN UNMARRIED PERSON
<br />1607 N GRAND ISLAND AVE
<br />GRAND ISLAND. NE 68803
<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 '1'mstor's performance under this Security instrument. Trustur irrevocably
<br />grants, conveys and sells to Trustee, in trust for the hcacfit of Beneficiary, with power of sale, the following described
<br />property:
<br />PARCEL 1: LOT ONE HUNDRED TWENTY SIX (126). IN WEST LAWN. AN ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA. PARCEL 2: LOT (7). BLOCK 7. WEST PARK
<br />ADDITION. CITY OF GRAND ISLAND, NEBRASKA.
<br />The property is located in Hall at 1607 GRAND ISLAND AVE,
<br />(county)
<br />1119 N SHERMAN AVE _ GRAND ISLAND , Nebraska 68803
<br />(Address) (City) (ZIP Cade)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stook and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the furore, 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 hishwnent at any one time shall
<br />not exceed $ 47, 098.00 . 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 all promissory note(s), contract(s), guanut 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 12/26/2002
<br />NEBRASKA DEED OF TRUST u01 101 FNMA FHMC. FHA OR VA USE) /l1L po l&4)
<br />© 1994 B.i— 6y510— Inc.91. ClouM1 MN (1 00099]9011) Form 11 ei 11 10/2711 0.1 Zt, -{f�/
<br />®dISS(NE)(9800)02 v MPMOAt GAG[ FORMS - (000)521 -0291
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<br />Stare of Nebraska
<br />Stowe Above Tlus Line For Reeordi, Dam
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />DATE AND PARTIES.
<br />The date of this Deed of Trust (Security Instrument) is Dec 26, 2002
<br />_
<br />and the parties, their addresses and tax identification
<br />numbers, if required, are as follows:
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<br />TRUSTOR: DON PAULY
<br />AKA DONALD EDWARD PAULY. AN UNMARRIED PERSON
<br />1607 N GRAND ISLAND AVE
<br />GRAND ISLAND. NE 68803
<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 '1'mstor's performance under this Security instrument. Trustur irrevocably
<br />grants, conveys and sells to Trustee, in trust for the hcacfit of Beneficiary, with power of sale, the following described
<br />property:
<br />PARCEL 1: LOT ONE HUNDRED TWENTY SIX (126). IN WEST LAWN. AN ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA. PARCEL 2: LOT (7). BLOCK 7. WEST PARK
<br />ADDITION. CITY OF GRAND ISLAND, NEBRASKA.
<br />The property is located in Hall at 1607 GRAND ISLAND AVE,
<br />(county)
<br />1119 N SHERMAN AVE _ GRAND ISLAND , Nebraska 68803
<br />(Address) (City) (ZIP Cade)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stook and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the furore, 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 hishwnent at any one time shall
<br />not exceed $ 47, 098.00 . 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 all promissory note(s), contract(s), guanut 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 12/26/2002
<br />NEBRASKA DEED OF TRUST u01 101 FNMA FHMC. FHA OR VA USE) /l1L po l&4)
<br />© 1994 B.i— 6y510— Inc.91. ClouM1 MN (1 00099]9011) Form 11 ei 11 10/2711 0.1 Zt, -{f�/
<br />®dISS(NE)(9800)02 v MPMOAt GAG[ FORMS - (000)521 -0291
<br />
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