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n n <br />-Zit m w m m <br />on to c n <br />n n z � <br />�N c C <br />L <br />= fn R C <br />m —, rn o A <br />n ED o <br />ED, <br />o cam' <br />Ro in CD <br />m y n o <br />m n O <br />w O <br />State of Nebrnelu Space Above Tbis Line For Recording Data <br />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 Instrune rn is Apr 23, 2003 <br />and the parties, their addresses and tax identification numbers, if required, me as follows: <br />TRUSTOR: JEFFREY L DOBBINS and JANET A DOBBINS, HUSBAND AND WIFE <br />4015 MASON AVE <br />GRAND ISLAND. NE 68803 -1502 <br />Q If checked, refer to the attached Addendun incorporated herein, for additional Tractors, 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 Trustor's performance under this Security Instrument, 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 THREE (3). SUNSET THIRD SUBDIVISION. CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA <br />The property is located in _ _ _ Hall at 4015 MASON AVE <br />- (County) <br />GRAND ISLAND ,Nebraska 68803 -1502 <br />(Address) (City) (ZIP Coda) <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 the real estate described above (all rcfcrred to ac "Property "). <br />3. MAXEUUM OBLIGATION LIMIT. The total principal arnount secured by this Security Instrument at any one time shall <br />not exceed $ 19,465.51 . 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), gumrnty(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 thatyou include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.) <br />A Promissory Note dated 04/23/2003 <br />0E 11a FRl1 - DEED OF TRUST (NOT FOR 0 391 311) 1 Fen OR VA USE) ( <br />199A Bm4ns Syelems, Inc. SL CIOU4 ON (I- AOOS9] -13EI) Foam RE -ei -NE IO2l Nl <br />MiCI66(NE)mo0)o2 VMPM OUT GAGE FUMS- (B00)52172VI <br />