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Stale 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) isMar 17, 2003 <br />and the parties, their addresses and tax identification numbers, if required, we as follows: <br />TRUSTOR:STANLEY R HANEY and NANCY J HANEY. HUSBAND AND WIFE <br />304 W 8TH <br />GRAND ISLAND, NE 68801 <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 Truster's performance under this Security Instrument, Truster irrevocably <br />grants, conveys and sells to 'I rustee, in trust for the benefit of Beneficiary, with power of sale, the following described <br />property: <br />THE SOUTHERLY NINETY (90) FEET OF THE FOLLOWING DESCRIBED TRACT OF GROUND, VIA: <br />FRACTIONAL LOT NINE (9) AND THE EASTERLY SIX (6) FEET OF FRACTIONAL LOT EIGHT (8) <br />IN FRACTION BLOCK FOUR (4) IN RUSSEL WHEELER'S ADDITION. AND FRACTIONAL LOT EIGHT <br />(8) AND THE EASTERLY SIX (6) FEET OF FRACTIONAL LOT SEVEN (7). IN FRACTION BLOCK <br />ONE HUNDRED THIRTY -SEVEN (137) IN UNION PACIFIC RAILWAY COMPANY'S SECOND ADDITION. <br />BOTH BEING ADDITIONS TO THE CITY OF GRAND ISLAND. HALL COUNTY, NEBRASKA <br />'llie property is located in Hall _ _ at 304. W_ 8TH <br />----- <br />(County) <br />GRAND ISLAND , Nebraska 68.80.1 <br />(Address) (City) (ZIP Cod) <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. MAXLIIUM OBLIGATION LIbDT. The total principal amount secured by this Security Instrument at any one time <br />shall not exceed $ 50, 000.00 . 'Phis 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 terns 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 debt(s) .secured and jou should include the full maturity date ol'such debt(s)-) <br />A Line of Credit Agreement dated 03/17/2003 <br />NEBRASKA HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FRMA, rsiMC, raA OR VA USE) 4Ti <br />© 1994 Bmkef SVrremi, Inc, St Cloed. 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HUSBAND AND WIFE <br />304 W 8TH <br />GRAND ISLAND, NE 68801 <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 Truster's performance under this Security Instrument, Truster irrevocably <br />grants, conveys and sells to 'I rustee, in trust for the benefit of Beneficiary, with power of sale, the following described <br />property: <br />THE SOUTHERLY NINETY (90) FEET OF THE FOLLOWING DESCRIBED TRACT OF GROUND, VIA: <br />FRACTIONAL LOT NINE (9) AND THE EASTERLY SIX (6) FEET OF FRACTIONAL LOT EIGHT (8) <br />IN FRACTION BLOCK FOUR (4) IN RUSSEL WHEELER'S ADDITION. AND FRACTIONAL LOT EIGHT <br />(8) AND THE EASTERLY SIX (6) FEET OF FRACTIONAL LOT SEVEN (7). IN FRACTION BLOCK <br />ONE HUNDRED THIRTY -SEVEN (137) IN UNION PACIFIC RAILWAY COMPANY'S SECOND ADDITION. <br />BOTH BEING ADDITIONS TO THE CITY OF GRAND ISLAND. HALL COUNTY, NEBRASKA <br />'llie property is located in Hall _ _ at 304. W_ 8TH <br />----- <br />(County) <br />GRAND ISLAND , Nebraska 68.80.1 <br />(Address) (City) (ZIP Cod) <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. MAXLIIUM OBLIGATION LIbDT. The total principal amount secured by this Security Instrument at any one time <br />shall not exceed $ 50, 000.00 . 'Phis 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 terns 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 debt(s) .secured and jou should include the full maturity date ol'such debt(s)-) <br />A Line of Credit Agreement dated 03/17/2003 <br />NEBRASKA HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FRMA, rsiMC, raA OR VA USE) 4Ti <br />© 1994 Bmkef SVrremi, Inc, St Cloed. MN Form OCP RFRT Nf 1 /19N9 �1� --1° <br />® C465(NEI(9902) 02 VMP MORTGAGE FORMS-o00)5217991 <br />