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<br />State
<br />of Nebraska
<br />Space Above This
<br />Line For Recording
<br />Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />0
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Decd of Trust (Security Instrument) is may
<br />28, 2002
<br />and the parties,
<br />their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: SCOTT M PARKER
<br />KATHLEEN R PARKER, Husband and Wife
<br />3011 SUNFLOWER DR
<br />GRAND ISLAND, NE 68801
<br />71 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, 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 15, Meadow Lane Third Subdivision, comprising a part of the E 1/2 SE 1/4 of
<br />Section 26, Township 11 North, Range 9 West of the 6th P.M., Hall County, Nebraska.
<br />The property is located in Hall at 3011 SUNFLOWER DR _
<br />(County)
<br />GRAND-ISLAND--- ,Nebraska 68801
<br />(Address) (City) ( /,IP 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 $ $20, 093. 50 _ 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), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts beloic it is
<br />suggested that you include items such tic ho rowers' names, note amounts, interest rater, maturity dates, etc)
<br />A Promissory Note dated 05/28/2002
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHtMC FHA ORVA USE) I (Pa9P/ti4t 41
<br />Q 1994 Bankers Systems, Inc., St. Cloud MN (s- 800397 -2341) Form RE -OT -NE 10127!97 v/�p_ISU(J —
<br />(M- CI65(NE) (9808).01 VMP MORTGAGE FORMS- (800)521 -7291
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