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State of Nebraska Space Above This Line For Recording Data
<br />172054622 REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />EJ Master form recorded by - - - - - - - - - - - - - - - _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jul- -11, _2003 -----------------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:SHAY P MCGOWAN and JACEY L MCGOWAN, HUSBAND AND WIFE
<br />533 LINDEN AVE
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlschwede, Attorney
<br />NE
<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 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 Trustor' 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 TWENTY FIVE (25). IN EAGLE LAKE ESTATES SUBDIVISION. HALL COUNTY. NEBRASKA
<br />The property is located in----------- - - - - -- Hal -1 ------------------ at 533-_LINDEN _AVE ------------
<br />(County)
<br />-- - - - - -- -- -- __ -- GRAND_ ISLAND__ - - -_ -- , Nebraska - - -- 68801 - - --
<br />(Address)
<br />(City) (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 $ 35,_ 000.00 ------------------ This limitation of amount does not include interest and other
<br />fees and charges validl 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 Beneficiay 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 note(s), contract(s), guaranty(ies) 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 should include the fmal maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 07/11/2003
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />MN 1994 Bunkers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002
<br />dM- C465(NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291
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<br />State of Nebraska Space Above This Line For Recording Data
<br />172054622 REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />EJ Master form recorded by - - - - - - - - - - - - - - - _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jul- -11, _2003 -----------------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:SHAY P MCGOWAN and JACEY L MCGOWAN, HUSBAND AND WIFE
<br />533 LINDEN AVE
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlschwede, Attorney
<br />NE
<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 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 Trustor' 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 TWENTY FIVE (25). IN EAGLE LAKE ESTATES SUBDIVISION. HALL COUNTY. NEBRASKA
<br />The property is located in----------- - - - - -- Hal -1 ------------------ at 533-_LINDEN _AVE ------------
<br />(County)
<br />-- - - - - -- -- -- __ -- GRAND_ ISLAND__ - - -_ -- , Nebraska - - -- 68801 - - --
<br />(Address)
<br />(City) (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 $ 35,_ 000.00 ------------------ This limitation of amount does not include interest and other
<br />fees and charges validl 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 Beneficiay 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 note(s), contract(s), guaranty(ies) 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 should include the fmal maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 07/11/2003
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />MN 1994 Bunkers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002
<br />dM- C465(NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291
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