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<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is April 2, 2003. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />JAMES D WASHINGTON
<br />HUSBAND
<br />2407 N Sherman
<br />Grand Island, Nebraska 68803
<br />GERRI J WASHINGTON
<br />WIFE
<br />2407 N Sherman
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PRINCIPAL BANK
<br />a Corporation
<br />P. O. Box 9351
<br />Des Moines, Iowa 50306 -9467
<br />BENEFICIARY (Lender):
<br />PRINCIPAL BANK
<br />Organized and existing under the laws of Iowa
<br />P. 0. Box 9351
<br />Des Moines, Iowa 50306 -9467
<br />42- 1466678
<br />R }S
<br />APR j j 2003 a
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />LOT SIXTEEN (16), BLOCK TWO (2), UNIVERSITY PLACE ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall County at 2407 N Sherman, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, and
<br />replacements that may now, or at any time in the future, be part of the real estate described (all referred to as
<br />Property). This Security Instrument will remain in effect until the Secured Debts and all underlying agreements
<br />have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $15,500.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 52722, dated April 2, 2003, from Grantor to Lender, with a loan
<br />amount of $15,500.00 with an interest rate of 4.99 percent per year and maturing on April 15, 2008.
<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either indit�idFh u yy or
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<br />At�1-1jt Space Above This Line For Recording Data
<br />Y /mtfurnm, V[tuun[n, J..... e
<br />S IOO,llranAyrvine Pbr¢yvuy
<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is April 2, 2003. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />JAMES D WASHINGTON
<br />HUSBAND
<br />2407 N Sherman
<br />Grand Island, Nebraska 68803
<br />GERRI J WASHINGTON
<br />WIFE
<br />2407 N Sherman
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PRINCIPAL BANK
<br />a Corporation
<br />P. O. Box 9351
<br />Des Moines, Iowa 50306 -9467
<br />BENEFICIARY (Lender):
<br />PRINCIPAL BANK
<br />Organized and existing under the laws of Iowa
<br />P. 0. Box 9351
<br />Des Moines, Iowa 50306 -9467
<br />42- 1466678
<br />R }S
<br />APR j j 2003 a
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />LOT SIXTEEN (16), BLOCK TWO (2), UNIVERSITY PLACE ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall County at 2407 N Sherman, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, and
<br />replacements that may now, or at any time in the future, be part of the real estate described (all referred to as
<br />Property). This Security Instrument will remain in effect until the Secured Debts and all underlying agreements
<br />have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $15,500.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 52722, dated April 2, 2003, from Grantor to Lender, with a loan
<br />amount of $15,500.00 with an interest rate of 4.99 percent per year and maturing on April 15, 2008.
<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either indit�idFh u yy or
<br />f c
<br />Nebraska Dotl Or Tmst / Initials
<br />IAI4X W98832600633900003872021040203Y ®1996 Bankers S,,— , Inc.. St. Goud MN E a age 1
<br />
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