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<br />State of Nebraska Space Above' 1'las Line For Reseeding Data
<br />01- 61804178 DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Insinuator) is Jan_ 18,
<br />2002 ------------
<br />and the parties, their addresses and in identification numbers, if required, are as follows:
<br />TRUSTOR: GEORGIA M PERRELET and KIRK PERRELET. WIFE AND HUSBAND
<br />307 S SYCAMORE
<br />GRAND ISLAND. NE 68801
<br />ON checked, refer to the attached Addendum incorporated herein, for additional
<br />Trustors,
<br />their signanues
<br />and
<br />acknowledgments.
<br />'TRUSTEE:
<br />Earl D Ahlschwede. Attorney
<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 mid valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustot's performance under this Security Instrument, Truster irrevocably
<br />grants, convoys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT SIXTEEN (16), IN BLOCK SIX (6), IN COLLEGE ADDITION TO WEST LAWN, AN ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY. NEBRASKA.
<br />The property is located in Hall ----------- _ at _2.407_N_ -TAYLOR ---- -----
<br />(county)
<br />______ __ ______ GRAND _ISLAND_ -_____ ,Dlebtaska--- 6880.3- ;036__
<br />---------
<br />(Adda _ cx) (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 EDICT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ $60, 000.00 . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made order
<br />the terms of this Security lmuument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all pnnnissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as bon'owers' names, note amounts, Interest rates, maturity dates, etc.)
<br />A Promissory Note dated 01/18/2002
<br />NEBRASKA DEEDDFIABST INGrroGFN.a,Nx MC1aA1F1Fo Fl f0apefol4/
<br />(D 199404"dn SY$nMa, Ion. 61. Cl-d, MN O S000 361,23411 Form PLOLNE 10127197
<br />MCIILWNE)®eanl -Fi VMP MORTGAGE FORMS - ISOO10217291
<br />
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