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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) mid Trustor's performance under this Security hernunent, 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 EIGHTEEN (18) IN BLOCK ONE (1). IN BETTER HOMES SUBDIVISION. IN THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA <br />The property is located in Hall. _ at 1135 S EDDY <br />Scrota,) <br />_ GRAND ISLAND , Nebraska 68801 <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 e.eoo l $ 2.278.48 . This limitation of amount does not include interest and other fees <br />and charges validly made pursumn to this Security Instrrmretn. Also, this limitation does not apply to advances made under <br />die 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 m substitutions. (When relereneing the debts below it is <br />suggested that you include items such as borrowers' names, note amounts, into i rates, maturity dates, etc) <br />A Promissory Note dated 02/14/2003 <br />NEBRASKA - DEED OF TRUST MOT FOR FENS, FIRM C, niA OR VA USE) „i(page 1 of 4) <br />0199, BTiP0n 1111— il"c,S1Clru6 MN (I M0 1 9141) IFIM lib e1 NF 10 a]0] <br />(a C1651NEI(9101)02 VMP MOIITCAPE FOPEo (9110e2l -]291 <br />a nn <br />PIT <br />11 <br />M <br />o -1 <br />e D <br />N <br />Q <br />n <br />T <br />(� <br />F' � <br />D <br />C21 a. <br />x I o or <br />o <br />OLD <br />e <br />r <br />N <br />N <br />200302001 <br />N <br />o <br />Slate of Nebooke <br />Spare Above This Line For Recording <br />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 14, <br />2003 _ <br />--- <br />and the patties, their addresses <br />and tax identification numbers, if required, are as follows: <br />TRUSTOR: RUSSELL D PARMENTER and MERNA K PARMENTER. HUSBAND AND WIFE <br />G <br />211 W 15TH <br />GRAND ISLAND. <br />NE 68801 <br />El If checked, refer to the <br />attached Addendum incorporated herein, for additional <br />Trustors, their <br />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) mid Trustor's performance under this Security hernunent, 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 EIGHTEEN (18) IN BLOCK ONE (1). IN BETTER HOMES SUBDIVISION. IN THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA <br />The property is located in Hall. _ at 1135 S EDDY <br />Scrota,) <br />_ GRAND ISLAND , Nebraska 68801 <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 e.eoo l $ 2.278.48 . This limitation of amount does not include interest and other fees <br />and charges validly made pursumn to this Security Instrrmretn. Also, this limitation does not apply to advances made under <br />die 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 m substitutions. (When relereneing the debts below it is <br />suggested that you include items such as borrowers' names, note amounts, into i rates, maturity dates, etc) <br />A Promissory Note dated 02/14/2003 <br />NEBRASKA - DEED OF TRUST MOT FOR FENS, FIRM C, niA OR VA USE) „i(page 1 of 4) <br />0199, BTiP0n 1111— il"c,S1Clru6 MN (I M0 1 9141) IFIM lib e1 NF 10 a]0] <br />(a C1651NEI(9101)02 VMP MOIITCAPE FOPEo (9110e2l -]291 <br />