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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 Instrument) is Mar 06, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: TROY L LYON II and SANDRA K LYON, HUSBAND AND WIFE
<br />1120 W LOUISE & 413 -415 S WASHINGTON
<br />GRAND ISLAND, NE 68801
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<br />D 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 />PARCEL 1: LOT FIVE (5), EXCEPTING A CERTAIN TRACT DESCRIBED IN WARRANTY DEED
<br />RECORDED IN BOOK 137, PAGE 559 AND THE WESTERLY NINETEEN (19) FEET OF LOT SIX (6),
<br />ALL IN BLOCK ONE (1), WINDOLPH'S ADDITON TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA. PARCEL 2: SEE ATTACHED EXHIBIT "A"
<br />The property is located in _ Hall _ _ at 1120 W LOUISE & 413 -415 S
<br />- - -- (County) - - - - -- - - - - - --
<br />WASHINGTON _ GRAND ISLAND _ Nebraska 68801
<br />(Address) I( IN) (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 $47, 796.42 _ _ . 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 perfoinT 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), contact(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 horrowers' names, nom amounts, interest rater, maturih' dates, etc.)
<br />A Promissory Note dated 03/06/2002
<br />NEBRASKA -DEED OF TRUST (NOT FOR FRM A, FHrMC FHA OR VA USE) (page 1 of 4)
<br />Q 1994 Barkers Systems, Inc_ St Cloud, MN (1- 800 -397 -2341) Form RE -DT -NE 10127197 1z! _
<br />- C165(NE) (9808).01 VMP MORTGAGE FORMS - (B()0621 7 291
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<br />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 Instrument) is Mar 06, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: TROY L LYON II and SANDRA K LYON, HUSBAND AND WIFE
<br />1120 W LOUISE & 413 -415 S WASHINGTON
<br />GRAND ISLAND, NE 68801
<br />0
<br />N 171
<br />CD
<br />CD
<br />ry c
<br />O
<br />N �
<br />CO
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<br />O C
<br />�- CCD
<br />t Z
<br />s`,v
<br />D 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 />PARCEL 1: LOT FIVE (5), EXCEPTING A CERTAIN TRACT DESCRIBED IN WARRANTY DEED
<br />RECORDED IN BOOK 137, PAGE 559 AND THE WESTERLY NINETEEN (19) FEET OF LOT SIX (6),
<br />ALL IN BLOCK ONE (1), WINDOLPH'S ADDITON TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA. PARCEL 2: SEE ATTACHED EXHIBIT "A"
<br />The property is located in _ Hall _ _ at 1120 W LOUISE & 413 -415 S
<br />- - -- (County) - - - - -- - - - - - --
<br />WASHINGTON _ GRAND ISLAND _ Nebraska 68801
<br />(Address) I( IN) (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 $47, 796.42 _ _ . 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 perfoinT 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), contact(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 horrowers' names, nom amounts, interest rater, maturih' dates, etc.)
<br />A Promissory Note dated 03/06/2002
<br />NEBRASKA -DEED OF TRUST (NOT FOR FRM A, FHrMC FHA OR VA USE) (page 1 of 4)
<br />Q 1994 Barkers Systems, Inc_ St Cloud, MN (1- 800 -397 -2341) Form RE -DT -NE 10127197 1z! _
<br />- C165(NE) (9808).01 VMP MORTGAGE FORMS - (B()0621 7 291
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<br />State of Nebraska
<br />Space Al 'Phis Line For Recording Data -
<br />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 Instrument) is Mar 06, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: TROY L LYON II and SANDRA K LYON, HUSBAND AND WIFE
<br />1120 W LOUISE & 413 -415 S WASHINGTON
<br />GRAND ISLAND, NE 68801
<br />0
<br />N 171
<br />CD
<br />CD
<br />ry c
<br />O
<br />N �
<br />CO
<br />y
<br />O C
<br />�- CCD
<br />t Z
<br />s`,v
<br />D 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 />PARCEL 1: LOT FIVE (5), EXCEPTING A CERTAIN TRACT DESCRIBED IN WARRANTY DEED
<br />RECORDED IN BOOK 137, PAGE 559 AND THE WESTERLY NINETEEN (19) FEET OF LOT SIX (6),
<br />ALL IN BLOCK ONE (1), WINDOLPH'S ADDITON TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA. PARCEL 2: SEE ATTACHED EXHIBIT "A"
<br />The property is located in _ Hall _ _ at 1120 W LOUISE & 413 -415 S
<br />- - -- (County) - - - - -- - - - - - --
<br />WASHINGTON _ GRAND ISLAND _ Nebraska 68801
<br />(Address) I( IN) (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 $47, 796.42 _ _ . 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 perfoinT 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), contact(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 horrowers' names, nom amounts, interest rater, maturih' dates, etc.)
<br />A Promissory Note dated 03/06/2002
<br />NEBRASKA -DEED OF TRUST (NOT FOR FRM A, FHrMC FHA OR VA USE) (page 1 of 4)
<br />Q 1994 Barkers Systems, Inc_ St Cloud, MN (1- 800 -397 -2341) Form RE -DT -NE 10127197 1z! _
<br />- C165(NE) (9808).01 VMP MORTGAGE FORMS - (B()0621 7 291
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