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<br />Slate of NeM1raaka 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 28, 2003
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:RANDALL B FOLAND and DOREEN FOLAND. HUSBAND AND WIFE
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<br />4504 QUAIL LANE
<br />GRAND ISLAND, NE 68801
<br />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 and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trader' a performance under this Security Insnument, 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 TWENTY NINE (29). HIDDEN LAKES SUBDIVISION #2. TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY. NEBRASKA.
<br />The property is located in _ _ _ Hall --- _ _ _ _ at 4.504 QU_AI_L LANE _ _
<br />(County)
<br />GRAND ISLAND _ , Nebraska 68801_ _ _ _
<br />(Address) (City) (ZIP Code)
<br />'together with all rights, easements, appmtensuces, 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. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $30, 000.00 . 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 tarn "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terns of all promissory note(s), cormact(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 deht(5) secured and you should include the final maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 03/28/2003
<br />NEBRASKA - HOME EBUITY LINE OF CREDIT BEER OF TRUST (NOT FOR FNMA, FaIMC FRA OR vA a5E) (p�garef 4)
<br />Q 199d emeen srol— l- 8t Gaml. MN Perm OCR - INRUI -NE Ilpfl9 J(YLI IC. I'yl•
<br />®® C465(NE)(9902) 02 VMP MORTGAOF FORN4 (800)521 7291
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<br />Slate of NeM1raaka 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 28, 2003
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:RANDALL B FOLAND and DOREEN FOLAND. HUSBAND AND WIFE
<br />M
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<br />O CL
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<br />U CD
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<br />4504 QUAIL LANE
<br />GRAND ISLAND, NE 68801
<br />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 and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trader' a performance under this Security Insnument, 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 TWENTY NINE (29). HIDDEN LAKES SUBDIVISION #2. TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY. NEBRASKA.
<br />The property is located in _ _ _ Hall --- _ _ _ _ at 4.504 QU_AI_L LANE _ _
<br />(County)
<br />GRAND ISLAND _ , Nebraska 68801_ _ _ _
<br />(Address) (City) (ZIP Code)
<br />'together with all rights, easements, appmtensuces, 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. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $30, 000.00 . 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 tarn "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terns of all promissory note(s), cormact(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 deht(5) secured and you should include the final maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 03/28/2003
<br />NEBRASKA - HOME EBUITY LINE OF CREDIT BEER OF TRUST (NOT FOR FNMA, FaIMC FRA OR vA a5E) (p�garef 4)
<br />Q 199d emeen srol— l- 8t Gaml. MN Perm OCR - INRUI -NE Ilpfl9 J(YLI IC. I'yl•
<br />®® C465(NE)(9902) 02 VMP MORTGAOF FORN4 (800)521 7291
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