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<br />State of Nebraska
<br />805166 DEED OF TRUST
<br />(With Future Advance Clause)
<br />El Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Mar_ 26. 2003
<br />and the parties, their addresses and tax identification numbers, if required, we as follows: O
<br />TRUSTOR: ROSS E LYON and CASSONDRA D LYON. HUSBAND AND WIFE.
<br />145 PONDEROSA
<br />GRAND ISLAND, NE 68801
<br />E] If checked, refer to the attached Addendum incorporated herein, for additional Trusters, 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 acrd 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 Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />proper [
<br />PARCEL 1: LOT SIX (6). BLOCK TWO (2). PONDEROSA LAKE ESTATES THIRD SUBDIVISION, AN
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. PARCEL 2: SEE
<br />ATTACHED EXHIBIT "A ".
<br />The property is located in _ _ _ Hal 1 _ _ _ _ w145 PONDEROSA DR & TWP
<br />(Counot
<br />12N. R12_W (20 ACRES)- _ _ _ _ _ GRAND ISLAND_ , Nebraska _ _ _68801
<br />(Address) (City) (ZIP Code)
<br />'together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock Mud 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. Tlie total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 48.000. 00 . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, [his 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 team "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 substitutions. (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 03/26/2003
<br />NEBRASKA - BEER OF TRUST (NO: FOR FNMA. FHIMC. FHA On VA USE)
<br />0 1944 Bmke15 5,., Inc.. St CIOUo NN (1.800191 -2341) Fmm RE -01 -NF 11 8111
<br />(0- Cl HIRE) (9808).02 VMP MOm6AGE FORMS - (800)5217291
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<br />Above This Line For
<br />Recording Data
<br />805166 DEED OF TRUST
<br />(With Future Advance Clause)
<br />El Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Mar_ 26. 2003
<br />and the parties, their addresses and tax identification numbers, if required, we as follows: O
<br />TRUSTOR: ROSS E LYON and CASSONDRA D LYON. HUSBAND AND WIFE.
<br />145 PONDEROSA
<br />GRAND ISLAND, NE 68801
<br />E] If checked, refer to the attached Addendum incorporated herein, for additional Trusters, 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 acrd 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 Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />proper [
<br />PARCEL 1: LOT SIX (6). BLOCK TWO (2). PONDEROSA LAKE ESTATES THIRD SUBDIVISION, AN
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. PARCEL 2: SEE
<br />ATTACHED EXHIBIT "A ".
<br />The property is located in _ _ _ Hal 1 _ _ _ _ w145 PONDEROSA DR & TWP
<br />(Counot
<br />12N. R12_W (20 ACRES)- _ _ _ _ _ GRAND ISLAND_ , Nebraska _ _ _68801
<br />(Address) (City) (ZIP Code)
<br />'together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock Mud 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. Tlie total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 48.000. 00 . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, [his 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 team "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 substitutions. (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 03/26/2003
<br />NEBRASKA - BEER OF TRUST (NO: FOR FNMA. FHIMC. FHA On VA USE)
<br />0 1944 Bmke15 5,., Inc.. St CIOUo NN (1.800191 -2341) Fmm RE -01 -NF 11 8111
<br />(0- Cl HIRE) (9808).02 VMP MOm6AGE FORMS - (800)5217291
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