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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />E] Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jun_ 13,_ 2002 ------------------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: GERALD R SPENCER and ANDREA E SPENCER, HUSBAND AND WIFE
<br />320 E 21ST ST
<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 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 />THE EASTERLY SIXTY TWO FEET (621) OF LOT ONE (1), IN BLOCK TWO (2) OF KNICKREHN
<br />THIRD ADDITON TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in Hall at 320 E 21ST ST
<br />,GRAND ISLAND - -- - - - -- 'Nebraska .68801.
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements; app6rtenances, 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 $ $$12, 086.50 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 below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturitv dates, etc.)
<br />--------- - - - - -A Promissory Note dated 06/13/2002
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA FHLMC, FHA OR VA USE) (page 1 of 4)
<br />1994 Bankers Systems Inc., St. Cloud. MN (1 -800-397-2341) Form RE -DT -NE 10/27197
<br />®- C165(NE) (9Bo8).o1 VMP MORTGAGE FORMS- (800)521 -7291
<br />ID
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