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•m n N) r\) <br />O C-1 Cn <br />—i C=) <br />VI C D <br />cs„ <br />ca <br />c <br />r .Z A O T O y <br />N .� z N <br />M <br />O en <br />M <br />rJ f— D <br />C� <br />7c I CO <br />C1l vv S <br />�t N CPI $ <br />cn C) <br />State of Nebraska Space Above This Line For Recording Data <br />DEED OF TRUST <br />20020'27 <br />4 J (With Future Advance Clause) <br />= Construction Security Agreement <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Mar 04, _20.02 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: spouse o veachE o3 4 :)F ly an�BS�veaffiln a$g ��LW W§E*fq�ESana as <br />a Nebraska Corporation. <br />1012 S SHADY BEND RD <br />GRAND ISLAND, NE 68801 -8742 <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 />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 />SEE ATTACHED EXHIBIT "A ". <br />The property is located in Hall - - - - - at 1012 s SHADY BEND RD <br />(County) <br />------- - - - - ------- - - - - --- - -- - -__ GRAND_ISLAND__- ,Nebraska 68801 <br />(Address) - - (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 shall <br />not exceed S $3.50, 091.50 - - - - _ - - - . 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 rote include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.) <br />A Promissory Note dated 03/04/2002 <br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHWC, FHA OR VA USE) ;q (pa 7 of 4) <br />1994 Bankers Syslems, Inc., Se. Cloud, MN (1-800- 397 -2341) Farm RE -m -NE 10/27197 <br />- - C165(NE) (9808.01 VM P MORTGAGE FORMS - (800)521 -7291 1 <br />