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n n <br />m I ISn N c) {n <br />C Ci s O ti O <br />C D V <br />a 2 <br />FRI <br />Lit !1 US, (.0 1 N O O <br />0 <br />a <br />L13 rr— n w to <br />m <br />State at NeM1raska Space Above This Line For Recording Data Z <br />DEED OF TRUST <br />(With Future Advance Clause) <br />Lj Coredructlon Security Agreement <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Mar 18. 2003 <br />and the parties, their addresses and tax identification numbers, if required, are m follows: <br />TRUSTOR: DONALD GULZOW and SUE GULZOW, HUSBAND AND WIFE <br />6601 N SKY PARK RD <br />GRAND ISLAND. NE 68801 <br />L] 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 Trustor's performance under this Security Instrument, Truster 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 ONE (1) IN GULZOW SUBDIVISION, HALL COUNTY, NEBRASKA <br />The property is located in Hal 1 - at 6601 N. SKY PARK RD <br />(Cnnaty) <br />GRAND ISLAND _ _ _ _ - , Nebraska 68801 _ <br />(Address) (CAy) (ZIP Code) <br />Together with all rights, easements, appurtenances, royalties, mineral rights, nil 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. MAXEUUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall <br />not exceed $ 45,453.87 . 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 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), contract(s), guaranty(s) or other evidence of debt described <br />below and all their extensions, renewals, modifications or subslilutions. (When referencing the debts below it is <br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.) <br />A Promissory Note dated 03/18/2003 <br />0IIIFBNII -ISO BE TRUST (so, FOR rry 11 311) I FHA OR VA US E) (page <br />(]i 199d Bm4m59y61ome. Inn, aL Claud MN(IA00- J9F2941)YO,m AE -eIJJF 1012]9] <br />4W $1661NE) Rsu)V, VMP MORICAOF FORMS (90n)521 7291 <br />