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'Zi-P <br />n <br />c n_ is --dl <br />`a <br />2 n <br />da <br />F6 <br />not <br />N <br />N <br />Id <br />z m <br />i <br />to A <br />a <br />3 <br />a m <br />r z <br />o <br />° <br />I <br />W <br />N <br />w <br />� <br />V <br />v <br />W (D <br />S <br />Z <br />H <br />Ga <br />ll <br />2003031$5 <br />o <br />State of Nebren" Space Above This Line For Recording Data <br />DEED OF TRUST <br />(With Future Advance Clause) <br />Construction Security Agreement <br />1. DATE AND PARTIES. The date of this Deed of Trast (Security Instrument) is Mar 14,. 20.03 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: SCOTT M PARKER and KATHLEEN R PARKER, HUSBAND AND WIFE <br />3011 SUNFLOWER DR <br />GRAND ISLAND, NE 68801 <br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, <br />their signatures <br />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 'Frustor'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 />THE EAST HALF (El/2) OF LOT SEVEN AND ALL OF LOT EIGHT (8). IN BLOCK TWO (2). IN <br />ASHTON PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in Hall at 2312 W KOENIG _ST _ <br />(Comty) <br />GRAND ISLAND _ _ _ _ , Nebraska 68803 <br />(Address) (Gty) (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 part of the real estate described above (all referred to as "Property "). <br />3. MAXIMUM OBLIGATION LIMIT. 'f he total principal amount secured by this Security Instrument at any one time shall <br />not exceed S 17, 990.96 . This limitation of amount does not include interest and other fees <br />and charges validly made pursuant to this Sceurity Instrument. Also, this limitation does not apply to advances made under <br />the 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), ewntraU(s), gummty(s) or other evidence of debt described <br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is <br />suggested that you include items such as hor rowers' names, note amounts, interest rules, maturity datesy etc.) <br />A Promissory Note dated 03/14/2003 <br />NEBRASKA -DEED OFTRDST(NO(EOPtNMA FHLMC. FHAORVAUSE) � (PylIof4) <br />© 19e4 Sol Systems, lnc St Cloud MN (18 0 03 97 -20 4q Form RE DTNE 10127S97 <br />® CISS(NE) (9e0S).02 VMP MORTGAGE FORMS - (800)621 -7291 <br />