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V <br />IW <br />Stale of Nebraska <br />n n Z en <br />n i <br />200306744 <br />m At <br />o "CF <br />7� <br />m <br />N ^ <br />N <br />m <br />S <br />0 <br />=n <br />� m <br />y <br />—G p <br />v <br />s m <br />h rn <br />r v <br />r n <br />N <br />a <br />(� Space Above This Line For Recording Data <br />REAL ESTATE DEED OF TRUST <br />(With Future Advance Clause) <br />El Construction Security Agreement <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isMay 21, 3003 _ <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />N <br />o <br />N <br />O <br />O <br />C.J <br />O N <br />m � <br />S N <br />S ._+ <br />Z. <br />TRITSTOR:RICRARD L PELLAND <br />JANET L PELLAND <br />4164 NORWOOD DR <br />GRAND ISLAND, WE 68803 <br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE.: <br />Earl D Ablschwede, Attorney <br />HE <br />BENEFICIARY: <br />Equitable Federal Savings Hank of Grand Island <br />113 -115 N. Locust Street Grand Island, HE 68801 -6003 <br />Organized and Existing Under the Laws Of The State of Nebraska <br />CONVEYANCE. For good and 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 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 TEN (10) , WSSTWOOD PARK mitno SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA <br />0 <br />O� <br />The property is located In _ _ Hall _ at 4164 NORWOOD DR <br />(County) <br />GRAND ISLAND_ , Nebraska__ 68803 <br />(Address) (CI[y) (ZIP Code) <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 referred to as "Property"). <br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time <br />shall not exceed $ 7, 000.00 _ . This limitation of amount does not include interest and other <br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made <br />under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants <br />contained in this 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 octets), contract($), guarymy s) or other evidence of debt <br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify <br />the debt(s) secured and you shoudd include the final maturity date ofsueh debt($).) <br />A Line of Credit Agra ernent dated 05/21/3003 <br />NEBRASKA - HOME EQUITY LINE OF CREDH DEED Of TRUST tem Fox FNMA, FNtnC, FNAOR VA usQ a'paguy of ul) <br />Q 1999 Backe, Systems, Inc., St. Claud, MN Fmm CC9 ROu NE 1113fl9 <br />®' -C4fS ME) (9901).03 VMV MORTGAGE FORMS (600)5210391 <br />