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n n YT <br />m o <br />r S D <br />(� in n c m \ v m o f1 <br />'l) � fit <br />m <br />So <br />m <br />D� <br />A 3 a 7, 3 o <br />M s C <br />q� \ <br />�V m S <br />n fV <br />... <br />qq O N M <br />OV <br />State of Nebraska Space Above This Line For Recording Data (� <br />DEED OF TRUST <br />(With Future Advance Clause) <br />El Construction Security Agreement <br />1. DATE AND PARTIES. The date of this Dccd of Trust (Security Instrument) is Mar 25.. 2003 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUS'IOR. DOUGLAS C JOHNSON and DIANA L JOHNSON, HUSBAND AND WIFE <br />1312 S SYLVAN <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 1'rustor's performance under this Security Tnstrument, 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 TWO (2), O'NEILL THIRD SUBDIVISION. CITY OF GRAND ISLAND. HALL COUNTY, NEBRASKA. <br />The property is located in Hal l at 1312 S SYLVAN -------- <br />(County) <br />'GRAND ISLAND. , Nebraska 68801 <br />(Addres.J (CAY) (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 time in the future, be part of due 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 shall <br />not exceed $ 18.000.00 . 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 substitutions. (When referencing the debts below it is <br />suggested that you include items such as borrowers' names, node amounts, interest rates, maturity dates, etc.) <br />A Promissory Note dated 03/25/2003 <br />NEBRASKA - NEED OF TRUST (NOT FOR FNMA. Fa1MC FHA OR VA USE) �\ (page I or 4) <br />C' 1494 3wkws Systems Inc.. St Gaud MN (1.800-397@34)) form RI DLNE IOR7ry7 J <br />®-C 16 5(NE)(9808).02 vmP MORI oA(FE FORMS - CD0021 -/291 <br />