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M n 0 t1 n Z = o lT M cn N ry a o CCD 1� C )D- PC N ;a _) Q o . r*t --c n o o gr o C73 o -n xm M Z 3� w o rr_ Cn GJ N 4D I`14 Cn iJ'1 200205275 State of Nebraska Space Above This Line For Recording Data 01- 72053699 REAL ESTATE DEED OF TRUST (With Future Advance Clause) 0 Construction Security Agreement 1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is05 /10/2002 - - - - - - - - - - - - - - - - - - - and the parties, their addresses and tax identification numbers, if required, are as follows: TRUSTOR:DAVID A VASEY AND TERESA K VASEY HUSBAND AND WIFE 1507 ST. PAUL ROAD GRAND ISLAND, NE 68801 If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and acknowledgments. TRUSTEE: Earl D Ahlschwede, Attorney BENEFICIARY: Equitable Federal Savings Bank of Grand Island 113 -115 N. Locust Street Grand Island, NE 68801 -6003 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustor' s performance under this Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: LOT TWO (2) D.K. SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. The property is located in --- ------- - - - - -- - Hall - _---- _------- - - - - at 1507 ST.- PAUL - ROAD -- - - - - -_ (County) ----------------------- - - - - -- -------- GRAND- ISLAND ---- - - - - - , Nebraska---- 68801 - - -- (Address) (City) (ZIP Code) Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property"). 3. MANMVIUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall not exceed $10 -,000.- 00 ----- - ------------ This limitation of amount does not include interest and other fees and charges validly mae pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this Security Instrument. 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify the debt(s) secured and you should include the final maturity date of such debt(s).) NEBRASKA - HOME EDUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHtMC, FHA OR VA USE) �(page 1 of 4) 0 1994 Bankers Systems, Inc., St. Cloud MN Form OCP- REDT -NE 1/13/99 J 40 C465(NE) (9902).01 VMP MORTGAGE FORMS - (800)521 -7291