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To nn To m = y - p C o N T = w j cm .N-r N 3 rN w 3 On v N N Z N C State of Nebraska Space Above This Line For Recording Dare REAL ESTATE DEED OF TRUST \\ (With Future Advance Clause) Construction Security Agreement 1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isNov 07_._ 2002 and the parties, their addresses and tax identification numbers, if required, are as follows: TRUSTOR: MARK E KERSTEN CONSTANCE K SWANSON- KERSTEN. HUSBAND AND WIFE 2003 W Koenig Grand Island. NE 68803 0 If checked, refer to the attached Addendum incorporated herein, for additional 'Trustors, their signatures and acknowledgments. TRUSTEE: Earl D Ahlschwede. Attorney NE BENEFICIARY: Equitable Federal Savings Bank of Grand Island 113 -115 N. Locust Street Grand Island, NE 68801 -6003 Organized and Existing Under the Laws of The State of Nebraska 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trur is performance under this Security Instrument, Triedor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described Property: LOT ONE (1) AND THE EASTERLY TWELVE (12) FEET OF LOT TWO (2), IN FRACTIONAL BLOCK SEVENTEEN (17). IN CHARLES WASHER'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. The property is located in Hall at 2003 W Koenig (Canary) Grand_ Island _ , Nebraska_ 68803 (Add....) (City) (ZIP Code) 'Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property "). 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by fts Security instrument at any one time shall not exceed $17, 000.00 . This limitation of amount does not include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security I utrunern to protect Beneficiary's security and to perform any of the covenants contained in this Security Instrument 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: A. Debt incurred under the terms of all promissory reacts), contract(s), guaranty(s) or other evidence of debt described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify the debt(s) .secured and you should include the final maturity date ofsuch debt(,).) A Line of Credit Agreement dated 11/07/2002 NEBRASKA NOME EaUITY LINE OF CREOFF DEED OF TRUST (NOT FOR FNMA. Fu(uc,FNA oo VA UST) orone I of 4) Di IVVn Becker 59iteMS InC.. St. Cloud. V Far, 01, "IT NF I/I111 C4651NE1(99a2)02 vM r M Oar GAGE FOPY a- (aoa)517291