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TRUSTOR: ROBERT P HOOVER and KAREN A HOOVER. HUSBAND AND WIFE
<br />3215 W STATE ST
<br />GRAND ISLAND. NE 68803
<br />if checked, refer to the attached Addendum incorporated herein, for additional Trtlstors, 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 mid valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Tmstor's performance under this Security lnsu=mt, 'Truster 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 2 & 3, ISLAND ACRES NUMBER 7, IN THE CITY OF GRAND ISLAND, HALL COUNTY.
<br />NEBRASKA AND THE EASTERLY 30 FEET OF LOT 2, LUSH SUBDIVISION IN THE CITY OF GRAND
<br />ISLAND. HALL COUNTY. NEBRASKA. EXCEPTING THERE FROM TRACTS OF LAND CONVEYED TO THE
<br />CITY OF GRAND ISLAND. BE DEEDS RECORDED IN THE REGISTER OF DEEDS OFFICE AS DOCUMENT
<br />NO. 83- 003399 AND DOCUMENT NO. 83- 003551.
<br />'I he property is located in Hall at 3215 W STATE ST
<br />(CuuatY)
<br />, GRAND ISLAND , Nebraska 68803.
<br />(Address) (City) (ZIP Cude)
<br />Together with all rights, easements, appurtenances, royalties, numeral 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 1,111,117. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 12, 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), wntract(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 dater etc.)
<br />A Promissory Note dated 04/25/2003
<br />NEBRASKA DEED OF TRUST (NOT FOR FNMA, FawC. FHA OR VA USE) (page 1of4)
<br />0 1994 amken Sys tam S, Inc. 91. CI-d NN('- BOO -J9/ -2341) Fo,m RE U, NE 1012 7N 7 ii / / / / / /���///777PPP ==JJJ— 0A
<br />(0i C 16 R(NEI(nnB)o2 VMr MORTGAGE FORMS - (800)62) 7291
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<br />Since of
<br />Nebraska Space Above This Line For Recording
<br />Data -----------1
<br />DEED OF TRUST
<br />(With ", hure Advance Clause)
<br />El Construction Security Agreement
<br />1. DATE AND PARTIES.
<br />q'he date of this Deed of Trust (Security Instrument) is Apr 25. 2003
<br />_
<br />and the parties, their
<br />addresses
<br />and tax identification numbers, if required, are as follows:
<br />TRUSTOR: ROBERT P HOOVER and KAREN A HOOVER. HUSBAND AND WIFE
<br />3215 W STATE ST
<br />GRAND ISLAND. NE 68803
<br />if checked, refer to the attached Addendum incorporated herein, for additional Trtlstors, 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 mid valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Tmstor's performance under this Security lnsu=mt, 'Truster 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 2 & 3, ISLAND ACRES NUMBER 7, IN THE CITY OF GRAND ISLAND, HALL COUNTY.
<br />NEBRASKA AND THE EASTERLY 30 FEET OF LOT 2, LUSH SUBDIVISION IN THE CITY OF GRAND
<br />ISLAND. HALL COUNTY. NEBRASKA. EXCEPTING THERE FROM TRACTS OF LAND CONVEYED TO THE
<br />CITY OF GRAND ISLAND. BE DEEDS RECORDED IN THE REGISTER OF DEEDS OFFICE AS DOCUMENT
<br />NO. 83- 003399 AND DOCUMENT NO. 83- 003551.
<br />'I he property is located in Hall at 3215 W STATE ST
<br />(CuuatY)
<br />, GRAND ISLAND , Nebraska 68803.
<br />(Address) (City) (ZIP Cude)
<br />Together with all rights, easements, appurtenances, royalties, numeral 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 1,111,117. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 12, 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), wntract(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 dater etc.)
<br />A Promissory Note dated 04/25/2003
<br />NEBRASKA DEED OF TRUST (NOT FOR FNMA, FawC. FHA OR VA USE) (page 1of4)
<br />0 1994 amken Sys tam S, Inc. 91. CI-d NN('- BOO -J9/ -2341) Fo,m RE U, NE 1012 7N 7 ii / / / / / /���///777PPP ==JJJ— 0A
<br />(0i C 16 R(NEI(nnB)o2 VMr MORTGAGE FORMS - (800)62) 7291
<br />
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