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DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />I. DATE AND PARTIES. The date-of this Deed of Trust (Security Instrument) is Mar 18, 2002 qz�s
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: �N
<br />G
<br />TRUSTOR: JOSE L FLORES and MARY M FLORES, HUSBAND AND WIFE
<br />820 REDWOOD DRIVE
<br />GRAND ISLAND, NE 68803
<br />El 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, Truster irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, kith power of sale, the following described
<br />property:
<br />LOT FIFTEEN (15) WESTWOOD PARK SECOND SUBDIVISION, GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Hall at 820 REDWOOD DRIVE
<br />(CounpI)
<br />GRAND ISLAND Nebraska _ 68803
<br />(Address) l(,I,) (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 $59, 148.13 . 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 teen "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contiact(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (bi7um re/erencing the dehts Mort it is
<br />sngg,c%ted that i ou include items such as horruuerr' names, now unvmnts, inwnreq rates, muturm, dawy, etcl
<br />A Promissory Note dated 03/18/2002
<br />NEBRASKA -DEED OF TRUST NOT FOR FNMA. FHLMC. FHA OR VA USE) (� 7, of.q)
<br />1994 Bankers Syslens_ Ina. St. Cloud MN e i- 809 -397 -23411 Form REST- NE10/27197 �t % —_�� JO
<br />-C 16 5 (N E) i 9 8 o 8 1 . 0 1 VM P MORTGAGE FORMS - (800;5? 1 -7291
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<br />State of Nebraska
<br />Space Aboae This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />I. DATE AND PARTIES. The date-of this Deed of Trust (Security Instrument) is Mar 18, 2002 qz�s
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: �N
<br />G
<br />TRUSTOR: JOSE L FLORES and MARY M FLORES, HUSBAND AND WIFE
<br />820 REDWOOD DRIVE
<br />GRAND ISLAND, NE 68803
<br />El 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, Truster irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, kith power of sale, the following described
<br />property:
<br />LOT FIFTEEN (15) WESTWOOD PARK SECOND SUBDIVISION, GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Hall at 820 REDWOOD DRIVE
<br />(CounpI)
<br />GRAND ISLAND Nebraska _ 68803
<br />(Address) l(,I,) (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 $59, 148.13 . 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 teen "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contiact(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (bi7um re/erencing the dehts Mort it is
<br />sngg,c%ted that i ou include items such as horruuerr' names, now unvmnts, inwnreq rates, muturm, dawy, etcl
<br />A Promissory Note dated 03/18/2002
<br />NEBRASKA -DEED OF TRUST NOT FOR FNMA. FHLMC. FHA OR VA USE) (� 7, of.q)
<br />1994 Bankers Syslens_ Ina. St. Cloud MN e i- 809 -397 -23411 Form REST- NE10/27197 �t % —_�� JO
<br />-C 16 5 (N E) i 9 8 o 8 1 . 0 1 VM P MORTGAGE FORMS - (800;5? 1 -7291
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