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<br />State of Nebraska - -- - Space. Above This Line For Recordreg Deta -- O
<br />DEED TRUST
<br />(With Future uture Advance Clause)
<br />El Construction Security Agreement pp
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Nay 22, 2003 y�
<br />and the pan ies, Iheir addresses and tax identification numbers, if required, are as follows: o
<br />1.
<br />TRUSTOR: RHONDA E SPIESS, A SINGLE PERSON
<br />50 EAST CEDARVIEN ROAD
<br />DONIPHAN, HE 68832
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustees, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlschwede, Attorney
<br />HE
<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 Tmstor's performance under this Security Instrument, Tonics irrevocably
<br />grants, conveys and sells to Trustee, in roust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT ONE (1), D & B SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />The property is located In Hall al 50 EAST CEDARVIEH ROAD
<br />fCOUnryI
<br />DONIPHAN Nebraska 68832
<br />(Addeessl (City) ('LIP 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 shall
<br />not exceed $ 21,500 .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), 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 autounts, interest rates, maturity dares, etc.)
<br />A Promissory Note dated 05/22/2003
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FFLMC. Fen OR VA US O1
<br />(D 19ea -- 1- 11'—s s -poua, MN 11- FS III -33611 Form eF FT Ns 11,17 r9]
<br />®- D1B51NE1190001. 02 VMVMOHi GAGF FORMS- 1800)58 -7291
<br />45 !page 1 of4)
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