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s' <br />n r: <br />Win_ <br />x > <br />m to <br />c-n rn <br />m <br />n <br />y <br />N <br />\, <br />s <br />x <br />_ <br />. <br />_ <br />sera <br />N <br />t� <br />E� <br />,_ <br />N <br />( <br />O <br />N <br />LJ <br />State of Nebraska Space Above That Line For Recording Data <br />01- 72053640 REAL, ESTATE DEED OF TRUST l <br />(With Euture Advance Clause) <br />❑ Construction Security Agreement <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is03/18/2002 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . C y <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: FORREST L STATES TWYLA R STATES HUSBAND AND WIFE <br />111 VILLA MAR DEE AVE <br />GRAND ISLAND, NE 68801 <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 <br />Grand Island, NE 68801 -6003 <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' a 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 />LOT TWELVE (12). VILLA MAR DEE SUBDIVISION, HALL COUNTY. NEBRASKA. <br />The property is located in ,.__ ----- Hal l. ---- ,----- . - --- at lll_ VILLA- -MAR -DEE -AVE _ <br />(County) <br />GRAND_ISLAND_____ , Nebraska ----- 6880.1 <br />(Address) (CIIY) (ZIP Code) <br />Together with all rights, easemerns, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian <br />rights, ditches, acrd 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 <br />shall not exceed $10.000.00 - - This limitation of amount does not include interest and other <br />fees and charges validly made pursuant to this Security Instr uneFrt. Also, this limitation does not apply to advances made <br />under the terns of this Security Instrument to protect Beneficiary'a security and to perform any of the covenants <br />contained in this 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(&), commet(s), gumanty(s) or other evidence of debt <br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify <br />the day(s) secured and you should include the ftual maturity date of such debt(s).) <br />NEBRASKA - H0ME EQUITY LINE BF CREDIT BEER 0FTRUST (NOT FOR FNMA, FHaM(:, ESA OR VAUSE) (poje 1 4) <br />i <br />Q10949m4eu 6ypemv. Ins. St CIOUC MN Faim OCP.RE01 RE I113g4 <br />i <br />(- C465(NE) (99US).01 VMP MORTGAGE FORMS 000)5217291 <br />