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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 />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jun 18,_ _2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: SHERRIE A:RATHMAN, A SINGLE PERSON
<br />2 312 W JOHN
<br />GRAND ISLAND, NE .68803
<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 Truster'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 SIXTEEN (16), IN BLOCK SIX (6), , ASHTON'PLACE, CITY OF GRAND ISLAND; HALL COUNTY,
<br />.....NEBRASKA ACCORDING TO THE RECORDED PLAT THEREOF.
<br />The property is located in _ _ Hall _ .. _ at 2312 W. JOHN
<br />.._(County)
<br />GRAND ,ISLAND .....,.Nebraska_ _. 68803
<br />(Address) .....(City) (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 OBLWATION LIMIT. The total principal amount secured by this Security Instrument of any one time shall
<br />- not exceed $ $16,719 . 14 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 helow it is
<br />suggested that you include items such as horrowem' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated .06/18/2002
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA FHLMC. FHA OR VA USE) (page I Of 4)
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<br />_ 0 1994 Bankers Systems, Inc., St Cloud. MN (1 -B00 -397 -2341( Form RE OT -NE 10127197
<br />(M -C165(NE) VMP MORTGAGEFORMS- (800)521 -1291
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