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<br />State or Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May 14, 2003 - ------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: LEE FAMILY LIMITED PARTNERSHIP
<br />619 S TILDEN
<br />GRAND ISLAND, NE 66803
<br />E] If checked, refer to the attached Addendum incorporated herein, for additional Trrstor5, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlachwede, Attorney
<br />NU
<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 Truster's performance under this Security Instrument, Trustor irrevocably
<br />Stands, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />SEE ATTACHED EXHIBIT "A"
<br />The property is located in _ . _ _ _ Hall _ _ _ _ _ at 2303 W CAPITAL/ 2309 _ W_Ca _i to 1
<br />2416 5 2418 N Kruse /531 Kenneplytlnr)1606 W 1st & 104 N Monroe /1111 51115 W lOt
<br />2616 5 2620 W Anna /805,807,809,811 GRAND . ISLAND ...... Nebraska_____ 688011 ----
<br />W 12th -_
<br />(Add,co) (City) (ZIP Code)
<br />'together with all rights, easements, appunenances, 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 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 $ 700, 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 covets), removals), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (Shen referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest Fans, maturitydates, etc.)
<br />A Promissory Note Hated 05/16/2003
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FNtnC, FNAOR VA US r ag 1 a!9/
<br />© 19910rn4an $Y+�emy Inc, Se CIOUJ, MN 0 80039] -13411 Emm REDi NE IOn7,97 \
<br />-C 165 INE) 190081.02 VMY MORTGAGE FORMS 180015217291
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