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<br />tithe of Nebraska -- space Above This Line For RecoraiaA Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Feb 07. 2003
<br />and the parties, their addresses and tax identification munbers, if rerprtred, are as follows:
<br />TRUSTOR: KAREN D MARKUSSEN FKA KAREN D PODLISKA
<br />JOHN K MARKUSSEN. WIFE AND HUSBAND
<br />403 S HARRISON ST
<br />GRAND ISLAND, NE 68803
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<br />El If checked, refer to the attached Addendum incorporated herein, for additional Trusters, 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 Tmstor'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 />LOT SIX (6), IN BLOCK FOUR (4), IN WOODBINE ADDITION, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY. NEBRASKA
<br />The property is located in at 2020 W DIVISION
<br />(Cmmty)
<br />, GRAND ISLAND , Nebraska 68803
<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 S 4, 086. 50 . '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 wider
<br />the terms of this Security Instrument to protect BUncficiary's security and to perform any of the covenants contained in this
<br />Security instrument.
<br />4. SECURED DEBT AND FUTURE. ADVANCES. The tam "Sutured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contracts), guarairy(s) or other evidence of debt described
<br />below mid all their extensions, renewals, modifications or substitutions. (When referencing the debts Mon, it is
<br />suggealed that you Include 1.,,,,,h as harrowers' names, note amounts, interest rater, maturnA dates, etc.)
<br />A Promissory Note dated 02/07/2003
<br />NEBRASKA - BEER B f TRUST (NOT FOR rn @A, nCMC. n1A OR VA US-) (pcge I Oof
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