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<br />TRUSTOR: MELVIN W PAULSON and REBECCA L PAULSON. HUSBAND AND WIFE
<br />8951 N ENGLEMAN RD
<br />GRAND ISLAND. NE 68803 -9521
<br />0 if checked, refer to the attached Addendum incorporated herein, for additional Trounces, 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 Seemed Debt (defined below) and Tmstor's performance under this Security Instrument, Trustor Inevitably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />prop
<br />LOT ONE (1) PAULSON SUBDIVISION, HALL COUNTY. NEBRASKA
<br />The property is located in _ _ Hall _ _ _ _ _ _ at 8951 N EN_GLEMAN _RD. _ _
<br />(County)
<br />GRAND ISLAND _ , Nebraska_ _ 68803 -9521
<br />(Addrasa) (City) (ZIP Code)
<br />'Fogether 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 rosy
<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 LINDT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 10.900.00 . 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 sccmity mid 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, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 04/02/2003
<br />NEBRASKA - DEED BE TRUST (NOT FOR F NSA, E41 MC. FHA OR VA USE) (pie 0 d)
<br />C 1994 Bankers 9ys10— Uc. St Cloud SIN (1 600.3 F72941) Form RERI -NE 1 DO7P7
<br />d C166(NE)(9809)02 VSPSORI1s (rEFORSS - (600)521.7291
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<br />State of Nebraska Space All This Line Four Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />DATE AND PARE E5. The date of this Deed of Trust (Security Instrument) is Apr_ 02, 2003
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: MELVIN W PAULSON and REBECCA L PAULSON. HUSBAND AND WIFE
<br />8951 N ENGLEMAN RD
<br />GRAND ISLAND. NE 68803 -9521
<br />0 if checked, refer to the attached Addendum incorporated herein, for additional Trounces, 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 Seemed Debt (defined below) and Tmstor's performance under this Security Instrument, Trustor Inevitably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />prop
<br />LOT ONE (1) PAULSON SUBDIVISION, HALL COUNTY. NEBRASKA
<br />The property is located in _ _ Hall _ _ _ _ _ _ at 8951 N EN_GLEMAN _RD. _ _
<br />(County)
<br />GRAND ISLAND _ , Nebraska_ _ 68803 -9521
<br />(Addrasa) (City) (ZIP Code)
<br />'Fogether 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 rosy
<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 LINDT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 10.900.00 . 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 sccmity mid 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, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 04/02/2003
<br />NEBRASKA - DEED BE TRUST (NOT FOR F NSA, E41 MC. FHA OR VA USE) (pie 0 d)
<br />C 1994 Bankers 9ys10— Uc. St Cloud SIN (1 600.3 F72941) Form RERI -NE 1 DO7P7
<br />d C166(NE)(9809)02 VSPSORI1s (rEFORSS - (600)521.7291
<br />
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