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DEED OF TRUST
<br />ith Future Advance Clause)
<br />O
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is February 20, 2002. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />E G EDWARDS
<br />1508 Newcastle Road
<br />Grand Island, Nebraska 68801
<br />Husband
<br />RANAE M EDWARDS
<br />1508 Newcastle Road
<br />Grand Island, Nebraska 68801
<br />Wife
<br />TRUSTEE:
<br />PRINCIPAL BANK
<br />Corporation
<br />P. O. Box 9351
<br />Des Moines, Iowa 50306 -9467
<br />BENEFICIARY (Lander):
<br />PRINCIPAL BANK
<br />Organized and existing under the laws of Iowa
<br />P. O. Box 9351
<br />Des Moines, Iowa 50306 -9467
<br />42- 1466678
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />LOT SIXTEEN (16), IN BLOCK THREE (3) NORMANDY ESTATES, AN ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in Hall County at 1508 Newcastle Road, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, or at any time in the future, be part of the real estate described (all referred to
<br />as Property). This Security Instrument will remain in effect until the Secured Debts and all underlying
<br />agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed 825,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 2001420, dated February 20, 2002, from Grantor to Lender, with a
<br />maximum credit limit of $25,000.00 with an interest rate based on the then current index value as the
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<br />DEED OF TRUST
<br />ith Future Advance Clause)
<br />O
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is February 20, 2002. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />E G EDWARDS
<br />1508 Newcastle Road
<br />Grand Island, Nebraska 68801
<br />Husband
<br />RANAE M EDWARDS
<br />1508 Newcastle Road
<br />Grand Island, Nebraska 68801
<br />Wife
<br />TRUSTEE:
<br />PRINCIPAL BANK
<br />Corporation
<br />P. O. Box 9351
<br />Des Moines, Iowa 50306 -9467
<br />BENEFICIARY (Lander):
<br />PRINCIPAL BANK
<br />Organized and existing under the laws of Iowa
<br />P. O. Box 9351
<br />Des Moines, Iowa 50306 -9467
<br />42- 1466678
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />LOT SIXTEEN (16), IN BLOCK THREE (3) NORMANDY ESTATES, AN ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in Hall County at 1508 Newcastle Road, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, or at any time in the future, be part of the real estate described (all referred to
<br />as Property). This Security Instrument will remain in effect until the Secured Debts and all underlying
<br />agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed 825,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 2001420, dated February 20, 2002, from Grantor to Lender, with a
<br />maximum credit limit of $25,000.00 with an interest rate based on the then current index value as the
<br />De.d of Tsst
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