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<br />State of Nebraska Spare Above Ibis Line For Recording Dar.
<br />DEED OF 'PRUST �
<br />(With Future Advance Clause) Cs
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is may 30, 2003
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />'rRUSTOR: ROBERT C MERRICK and NELLIE R MERRICK, HUSBAND AND WIFE
<br />2515 JAN STREET
<br />GRAND ISLAND, ME 68803
<br />El If checked, refer to the attached Addendum incorporated herein, for additional Ttustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlsehwede, Attorney
<br />NE
<br />BENEFICIARY:
<br />EQuitable Federal Savings Bank 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 />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 Trustoi 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 "B ", REPLAT OF LOTS NINE (9) THROUGH THIRTEEN (13), BLOCK TWO (2), SECOND
<br />ADDITION TO HOLCOMB'S HIGHWAY MONKS SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />The property Is located In Hall _ _ at 2124 6 2208 BANTAM. STREET
<br />(County)
<br />GRAND ISLAND. _. _ , Nebraska 68803
<br />(Aaarey.) (City) (zrn Codt,)
<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 furore 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 S 120, 000.00 . 'lltis limitation of amount does not include interest and other fees
<br />and charges validly made pursuam 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), 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 arr aunts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 05/30/2003
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FNEMC FNAOR VA USE) V
<br />Y4 (page 9)
<br />©1999 BanXen Syseems, Ito, St. CIOUJ, MN 11 00039721411 Fonn RE -0TNE 10/7,97
<br />�CI bSME)rveoe).os VMFMORTCAGEFOMS- 10001521 -0191
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