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Sn C n T o y o <br />I.n Y c n w <br />ri rn m s a <br />no N CJ <br />�� 0 51 <br />cc C N o O <br />m T «t <br />m <br />w OR cwn fs <br />H y M <br />N CO 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) <br />Construction Security Agreement <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isMa r 20, 2003 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: LARRY D BURMOOD and SUNORA K BURMOOD, HUSBAND AND WIFE <br />218 N GRACE AVE <br />GRAND ISLAND, NE 68803 <br />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, 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 4, BLOCK 28, PACKER AND BARR'S SECOND ADDITION, CITY OF GRAND ISLAND. HALL <br />COUNTY. NEBRASKA <br />The property is located in _ Hall at 218 N GRACE AVE <br />(County) <br />_GRAND ISLAND , Nebraska 68803 <br />(Addreso (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 lime 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 <br />shall not exceed $12.750.00 . 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. ()'ou most 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 03/20/2003 <br />NEBRASKA NOME EaUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA. FHIMC. FHA OR VA USE) (dada )/�/,dy) <br />0` 1994 osiers SYrfams, Inc, $L Claud MN Form OCR REeT -NE 111 JAR Gg cGj)''j(L, �fGj <br />® -0405(NE)(9982).02 vME MORT CAGE FORMS- (9oa)521 -7291 <br />