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T O O m
<br />m D C D
<br />` 1S
<br />In IA
<br />� x
<br />_C Co
<br />S,o, Air -e rhi. Lies Fnr Reeordina Dons —
<br />to DEED OF TRUST
<br />(With Future Advance Clause) '
<br />U Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed Of trust (Security Instrument) is Mar 13, 2002
<br />I and the parties, their addresses mid tax identification mmmhncs, if required, are as follows'
<br />TR[73T0R TODD W FRIESEN and LORI K FRIESEN, HUSBAND AND WIFE
<br />4134 WEST FAIDLEY AVE
<br />GRAND ISLAND, HE 68803
<br />F-1 If clucked, refer to the attached Addendum incorporated herein, fbr additional Truslots, 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, HE 68801 -6003
<br />Organized and Existing Under the Laws of The State of Nebraska
<br />2. CONVEYANCE. Pon good and valuable consideration, the receipt and sufficiency, of which is acknowledged, and to
<br />sccurc the Secured Debt (defined below) and Trnstir's performance under this Security Instrument„ Truster nrcvncahly
<br />grants, conveys and sells to Trustee, in hest for the benefit of Beneficiary, with power of sale, the following described
<br />property.
<br />LOT FIFTEEN (15), WESTWOOD PARK FOURTH SUBDIVISION, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />The property is located in Hall. at 4134 W FAIDLEY AVE
<br />lCOUnly)
<br />GRAND ISLAND _ , Nebraska 68803
<br />(Add.ess) (nisi Rir coact
<br />Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, all water mid riparian
<br />rights, ditches, and water stock and all existing and future Improvemcnls, structures, fixtures, and replacements that may
<br />now, or at any tone in the future, be part of the real estate described above (all referred tons "Property").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed S $71,866.52 . This liaitalion of amount does net include interest and other forts
<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 Instument to protect Beneficiary's security and to perfomr any of the covenants contained in this
<br />Suvrily Insliumcil
<br />4. SECURED DEBT AND FUTURE ADVANCES. The tens "Secured Debt" is defined as follows:
<br />A. Debt incurred under the penis of all promissory note(s), contract(s). guaranty(s) or other evidence of debt described
<br />below and all their extensions, rrinevials, modifications or substitutions. (When referencing the debt, beloo it is
<br />o')/ggested thnl )'au include item.v's ich ter hoi -,,nets' numes, note amount,, interest /ntas, matut i¢, dnte4 etc)
<br />A Promissory Note dated 03/13/2002
<br />NEBRASKA -DEED O F T RUST iNCT FOR FNMA. FaLMC. Fen OR VA ORES iff(p a�1 of
<br />C) 7994 edoki'F Si Stems. mc_ Si. cb"C. MN n'9OQ-J9 /.YJ41) Form a6pr -NE 10r2 1 IY/
<br />(M- C165( NE)� oanorrl For moRTCACE FORMS- 18001521 7291
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