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State of Ne 1W Space Above Ipis Line For Recording Data
<br />173050637 arsLitrled tmsl"''I— a IS irttere"L utter the Nda�fa
<br />REAL ESTATE DE WiSdic Um Li. Rut
<br />(With Future Advance Clause) (�
<br />® Construction Security Agreement � \
<br />DATE AND PARTIES. the date of this Deed of Trust (Security Instrument) is JANUARY_ 6, 2003 _ _ C:)
<br />�'
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: S
<br />TRUSTOR:MICHAEL T SADDLER
<br />SONIA L SADDLER
<br />4234 LARIAT LN
<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 Trustoi 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 />Lroper t
<br />OT TWENTY NINE (29), GRAND WEST SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall at 1429 MANS_FI_ELD -----
<br />_
<br />(coanry)
<br />GRAND ISLAND ,Nebraska_ 68803.1546
<br />(Addrvsr) (City) ($IP C� de)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock mid 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 refurrcd 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 S160. 000. 00 . This limitation of atnotmu 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 perforin 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(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must e77ecifcally identify
<br />the debi(s) secured and you should Include the final maturity date of such debt(s).)
<br />A Promissory Note dated January 6, 2003
<br />NEBRASKA - HOME ENNITY LINE OF CREDIT NEED OF TRUST (no)Fo,,,MA. naMC. F10RVA09F) s','; (pctige,a
<br />(]i 1994 iwkMtaWB 1: St Card MN Fnim OCV- Iitel -NC 1/q 99 �
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<br />State of Ne 1W Space Above Ipis Line For Recording Data
<br />173050637 arsLitrled tmsl"''I— a IS irttere"L utter the Nda�fa
<br />REAL ESTATE DE WiSdic Um Li. Rut
<br />(With Future Advance Clause) (�
<br />® Construction Security Agreement � \
<br />DATE AND PARTIES. the date of this Deed of Trust (Security Instrument) is JANUARY_ 6, 2003 _ _ C:)
<br />�'
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: S
<br />TRUSTOR:MICHAEL T SADDLER
<br />SONIA L SADDLER
<br />4234 LARIAT LN
<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 Trustoi 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 />Lroper t
<br />OT TWENTY NINE (29), GRAND WEST SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall at 1429 MANS_FI_ELD -----
<br />_
<br />(coanry)
<br />GRAND ISLAND ,Nebraska_ 68803.1546
<br />(Addrvsr) (City) ($IP C� de)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock mid 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 refurrcd 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 S160. 000. 00 . This limitation of atnotmu 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 perforin 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(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must e77ecifcally identify
<br />the debi(s) secured and you should Include the final maturity date of such debt(s).)
<br />A Promissory Note dated January 6, 2003
<br />NEBRASKA - HOME ENNITY LINE OF CREDIT NEED OF TRUST (no)Fo,,,MA. naMC. F10RVA09F) s','; (pctige,a
<br />(]i 1994 iwkMtaWB 1: St Card MN Fnim OCV- Iitel -NC 1/q 99 �
<br />®' C465(NE)(99o2) 02 vMPVOrcArFFOitMS- (000)521-7291
<br />
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