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m S D <br />a <br />J c n = <br />n Z C <br /><n x 0 ti 1%i m CD <br />OR <br />Go <br />OR <br />CT � <br />N Cn <br />E3 <br />CD <br />CM v N <br />N Z <br />O <br />State of Nebraska Space Above This line For Recording Data <br />REAL ESTATE DEED OF TRUST \\ <br />(With Future Advance Clause) V`v <br />EI Construction Security Agreement <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isMar_ 10._ 2003 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: TERRY L BROWN <br />SHEREE L BROWN <br />4318 BLAUVELT RD <br />GRAND ISLAND, NE 68803 <br />LJ 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 Trustee'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 FOUR (4). IN BLAUVELT SUBDIVISION. IN THE CITY OF GRAND ISLAND, HALL COUNTY. <br />NEBRASKA <br />The property is located in _ Hal 1 at 4318 BLAUVELT RD <br />icoumy) <br />, ____ GRAND-ISLAND _ ,Nebraska 68803 <br />(Address) (city) (ZIP Coda) <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 put 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 $12.000.00 . 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 perform 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 specifically identify <br />the debts) secured and you should include the final maturity date of such debt(s).) <br />A Line of Credit Agreement dated 03/10/2003 <br />NEBRASKA KDME EDUITY LINE OF CREDD DEED 0 TRUST (NOT FOR FNMA. Fa1MC, FBA OR VA US F) � (pogo ) of 4) <br />199< Bmkws SROWS, Ino St. GOSAL MN Form OCRREOI -NE 1111N9 <br />®' ®C9fi5iNEi (9902104 VMP MORTGAGE FOAMS- (10015217291 <br />