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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, Truster 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 FOUR (4), WOLFE'S SECOND SUBDIVISON. IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Hall at 514 JOHNSON PLACE
<br />(c„aalyl
<br />, GRAND ISLAND , Nebraska 68803
<br />(Address) (City) (ZIP C,,de)
<br />Together with all rights, casements, appurterrances, 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, he 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 $10,000.00 . 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 per-foun any of the cavernous
<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 pronussory note(s), contract(s), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substinnicax. (You nmst apeeifical(v ideratty
<br />the debits) secured and I ou should include the final maturity dare of ucch deht(v)J
<br />A Line of Credit Agreement dated 12/31/2002
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<br />NEBRASKA NOME EQUITY LINE OF CREDIT DEED OF TRUST (NCI FOR FNMA. FHtwC -FHA On vA USE•
<br />0149E 1 -1— S, i Ir, It <I IAN 11 IT OCr PFet IJ � I'III
<br />®' CdRrJ(NE) (9409 )f9 IMP MO2- GAGrroims- (90C)521 -0441
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<br />Stele of Nebraska Space Ahove This Line For
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<br />Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isDeC 31. 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:STEPHEN D SCHAUER and JANET G SCHAUER. HUSBAND AND WIFE.
<br />514 JOHNSON PLACE
<br />GRAND ISLAND. NE 68803
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors,
<br />their signatures
<br />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, Truster 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 FOUR (4), WOLFE'S SECOND SUBDIVISON. IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Hall at 514 JOHNSON PLACE
<br />(c„aalyl
<br />, GRAND ISLAND , Nebraska 68803
<br />(Address) (City) (ZIP C,,de)
<br />Together with all rights, casements, appurterrances, 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, he 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 $10,000.00 . 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 per-foun any of the cavernous
<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 pronussory note(s), contract(s), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substinnicax. (You nmst apeeifical(v ideratty
<br />the debits) secured and I ou should include the final maturity dare of ucch deht(v)J
<br />A Line of Credit Agreement dated 12/31/2002
<br />n
<br />NEBRASKA NOME EQUITY LINE OF CREDIT DEED OF TRUST (NCI FOR FNMA. FHtwC -FHA On vA USE•
<br />0149E 1 -1— S, i Ir, It <I IAN 11 IT OCr PFet IJ � I'III
<br />®' CdRrJ(NE) (9409 )f9 IMP MO2- GAGrroims- (90C)521 -0441
<br />
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