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BENEFICIARY:
<br />Equitable Federal Savings Hank of Grand Island
<br />113 -115 N. LoCuet Street Grand Islsaid, 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 Secenry 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 TWELVE (12), IN HERITAGE ACRES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />The property is located in _ Hall _ - _ at 1507 POST PLACE _ _ -
<br />(County) - - -
<br />, GRAND ISLAND- _ _ , Nebraska _ - _ 68801
<br />(Address) (City) (ZIP Coda)
<br />Together with all rights, easements, appurtenances, royalties, tmneral rights, oil and gas rights, all water and riparlan
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, end 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 $ 135, 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 />Hie terms of this Security Instrimeent 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 wider the temu 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 fiat you include items such as burrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 05/28/2003
<br />NEBRASKA - DEED OF TRUST aiW Foa FNMA, FNIMC, FHA 09 vA WFi !— (page I qt 4)
<br />1994 Bankers Systems, Inc, Sr. Cloud, MN a 00039720411 Form" DT NI 10/2717 J-k
<br />(a- Ct65(NE)(9e0s)e2 VMV MORTGAGE FMMS (800)521 7291
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<br />State or Nebraska Space Above This line For Recorthis Data
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<br />DEED OF TRUST
<br />(With Future Advance Clause)
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<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />May 28,
<br />2003
<br />`v`
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: DENNIS H KRUSE said LINDA M KRUSE, HUSBAND AND
<br />WIFE
<br />1507 POST PLACE
<br />GRAND ISLAND, HE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for
<br />additional
<br />Trustors,
<br />their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlachwede, Attorney
<br />HE
<br />BENEFICIARY:
<br />Equitable Federal Savings Hank of Grand Island
<br />113 -115 N. LoCuet Street Grand Islsaid, 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 Secenry 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 TWELVE (12), IN HERITAGE ACRES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />The property is located in _ Hall _ - _ at 1507 POST PLACE _ _ -
<br />(County) - - -
<br />, GRAND ISLAND- _ _ , Nebraska _ - _ 68801
<br />(Address) (City) (ZIP Coda)
<br />Together with all rights, easements, appurtenances, royalties, tmneral rights, oil and gas rights, all water and riparlan
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, end 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 $ 135, 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 />Hie terms of this Security Instrimeent 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 wider the temu 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 fiat you include items such as burrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 05/28/2003
<br />NEBRASKA - DEED OF TRUST aiW Foa FNMA, FNIMC, FHA 09 vA WFi !— (page I qt 4)
<br />1994 Bankers Systems, Inc, Sr. Cloud, MN a 00039720411 Form" DT NI 10/2717 J-k
<br />(a- Ct65(NE)(9e0s)e2 VMV MORTGAGE FMMS (800)521 7291
<br />as
<br />
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