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TRUSTOR: DEAN A NEIGHBORS <br />LORI s NEIGHBORS , FUSBMD AND WIFE <br />107 BARB RD PO BOX 55 <br />CAIRO, HE 68824 <br />71 If checked, refer to the attached Addendum incorporated herein, for additional Ttustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />Earl D Ahlschvede, Attorney <br />HE <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 Lame 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 Torslor's performance under this Security Instrument, Tmstor irrevocably <br />grains, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described <br />property: <br />LOTS FOUR (4) AND FIVE (5) HARE SUBDIVISION TO THE VILLAGE OF CAIRO, HALL COrMMM, <br />NEBRASI <br />The property is located in _ - - _ _ _ _ _ _ _ _ _ _ _ _ _ Nall _ at 107_ HA D RE R PO SOX _ 55------ <br />(County) <br />CA_I-rU) Nebraska 68824__. <br />- (Address) (Ci(y) (ZIP C.d.) <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 $ 16, 000_._0.0_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . 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 yuu include items such as borronrrs' names, note amounts, interest rates, maturity dates, etc.) <br />A Promissory Note dated 05/27/2003 <br />NEBRAS RA - DEED OF TRUST (NOT FOR FNMA, FNwq IHA OR VA USE) /J-, �(pape l (9J <br />O 19910anon SYStYV, Inc.. St Cbud, NN 0 8003973141) Form REor -NE 10/IIAr /LY�9'1�/ <br />®{ 163 (NE) 19eo6R VMPMORTCACEFORMS- (800)5r14391 <br />R7 <br />n A c I rn tDi1 <br />Z <br />o <br />m N <br />n 2 no <br />T <br />r\ <br />1 <br />�n <br />K <br />O D <br />l� <br />CTJ <br />O f(1 <br />3 <br />r n <br />v <br />y <br />o Z <br />o <br />SYete of Nebrpska Space Above TNe <br />Lfne <br />For Rceordfne Dem <br />DEED OF TRUST <br />(With Future Advance Clause) <br />' <br />Construction Security Agreement <br />C� <br />1. DATE AND PARTIES. The date of this Decd of Trust (Security Instrument) is tray_ <br />27,_ <br />2003 _ _ -------------- <br />'✓ <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: DEAN A NEIGHBORS <br />LORI s NEIGHBORS , FUSBMD AND WIFE <br />107 BARB RD PO BOX 55 <br />CAIRO, HE 68824 <br />71 If checked, refer to the attached Addendum incorporated herein, for additional Ttustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />Earl D Ahlschvede, Attorney <br />HE <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 Lame 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 Torslor's performance under this Security Instrument, Tmstor irrevocably <br />grains, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described <br />property: <br />LOTS FOUR (4) AND FIVE (5) HARE SUBDIVISION TO THE VILLAGE OF CAIRO, HALL COrMMM, <br />NEBRASI <br />The property is located in _ - - _ _ _ _ _ _ _ _ _ _ _ _ _ Nall _ at 107_ HA D RE R PO SOX _ 55------ <br />(County) <br />CA_I-rU) Nebraska 68824__. <br />- (Address) (Ci(y) (ZIP C.d.) <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 $ 16, 000_._0.0_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . 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 yuu include items such as borronrrs' names, note amounts, interest rates, maturity dates, etc.) <br />A Promissory Note dated 05/27/2003 <br />NEBRAS RA - DEED OF TRUST (NOT FOR FNMA, FNwq IHA OR VA USE) /J-, �(pape l (9J <br />O 19910anon SYStYV, Inc.. St Cbud, NN 0 8003973141) Form REor -NE 10/IIAr /LY�9'1�/ <br />®{ 163 (NE) 19eo6R VMPMORTCACEFORMS- (800)5r14391 <br />