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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Mar 08,_ 2002
<br />and the parties, their addresses and tar identification numbers, if required, are as follows:
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<br />TRUSTOR: KENNETH WAYNE PLACE and RITA CATHERINE PLACE, EACH IN HIS AND HER OWN RIGHT
<br />AND AS SPOUSE OF EACH OTHER
<br />1804 N GRAND ISLAND AVE
<br />GRAND ISLAND, NE 68803
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<br />E] 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, mid to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Truster 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 />THE SOUTHERLY FORTY TWO FEET (421) OF LOT FORTY FOUR (44) AND ALL OF LOT FORTY FIVE
<br />(45) IN WEST LAWN IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in _ Hall at 1804 N GRAND ISLAND AVE
<br />(County)
<br />GRAND ISLAND _ Nebraska. _ _ - _68803
<br />(Address) K it y) (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 refen-ed 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 $9, 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 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), guaianty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts helow it is
<br />suggested that Pou inehide items such as borrowers' names, note amounts, interest rates, maturity dates, etc-)
<br />A Promissory Note dated 03/08/2002
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE) (page 4)
<br />1994 Bankers Systems, Inc_ St Cloud. MN (1-800 -39] -2341 ( Form RE -DT -NE 10127191
<br />(M•C166(NE)(93091.01 VMP MORTGAGE FORMS (8001521 -1291
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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Mar 08,_ 2002
<br />and the parties, their addresses and tar identification numbers, if required, are as follows:
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<br />TRUSTOR: KENNETH WAYNE PLACE and RITA CATHERINE PLACE, EACH IN HIS AND HER OWN RIGHT
<br />AND AS SPOUSE OF EACH OTHER
<br />1804 N GRAND ISLAND AVE
<br />GRAND ISLAND, NE 68803
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<br />E] 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, mid to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Truster 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 />THE SOUTHERLY FORTY TWO FEET (421) OF LOT FORTY FOUR (44) AND ALL OF LOT FORTY FIVE
<br />(45) IN WEST LAWN IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in _ Hall at 1804 N GRAND ISLAND AVE
<br />(County)
<br />GRAND ISLAND _ Nebraska. _ _ - _68803
<br />(Address) K it y) (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 refen-ed 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 $9, 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 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), guaianty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts helow it is
<br />suggested that Pou inehide items such as borrowers' names, note amounts, interest rates, maturity dates, etc-)
<br />A Promissory Note dated 03/08/2002
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE) (page 4)
<br />1994 Bankers Systems, Inc_ St Cloud. MN (1-800 -39] -2341 ( Form RE -DT -NE 10127191
<br />(M•C166(NE)(93091.01 VMP MORTGAGE FORMS (8001521 -1291
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