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V <br />State of Nebraska <br />DEED OF TRUST <br />(With Future Advance Clause) <br />L1 Construction Security Agreement <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Apr 18. 2003 _ <br />and the parties, their addresses and tax identification numbers, if required, are Sts follows: <br />1. <br />m <br />n <br />n <br />M <br />m <br />N <br />m <br />_ <br />2 D <br />M N_ N <br />c.t <br />N <br />O T <br />0 <br />m <br />p� <br />N <br />QJ <br />200305206 <br />Space Above <br />This <br />Line For Recording <br />Del. <br />'IRUSTOR: KERRY HAINES <br />2007 N HOWARD AVE <br />GRAND ISLAND, NE 68803 <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 />BENEFICL4RY: <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 Trustnr's performance under this Security Instrument, Truslor 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 />LOTS FOURTEEN (14) AND SIXTEEN (16). BLOCK SEVENTEEN (17). UNIVERSITY PLACE, AN <br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY. NEBRASKA <br />The property is located in _ Hall _ at 2007 N HOWARD AVE <br />__. (County) <br />GRAND ISLAND , Nebraska <br />(Address) (City) (ZIP Code) <br />Together with all rights, easements, appurtenances, royalties, miner a] 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 shall <br />not exceed $ 10, 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), conhact(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 borrower,,,' names, note amounts, interest rates, matuyly dates. etc.) <br />A Promissory Note dated 04/18/2003 <br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, nILMC, FeA OR VA USE) (page 7 of 4) <br />Q 199E Bunters Systems. Inc. 61. CIMA MN (1 800 -397 -2341) Form FE U! NE 1UES7N7 <br />(Mi C 16 5(NEi(9808)02 VMP M OPT GCE FORMS- (800)5917991 <br />\d <br />