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TRUSTOR: B fi B RENTAL PROPERTIES, INC
<br />GRAND ISLAND, BE
<br />El If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />aeknnwledgnlents.
<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 Lawe 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 Fa ster'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 />PARCEL 1
<br />LOT THREE (3), BLOCK FOURTEEN (1.4), PACKER AND BARR'S ADDITION. TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />PARCEL pp(� F7C
<br />LOT EIGHT (8), BLOCK ONE HUNDRED TWENTY -EIGHT (128), UNIONn AIAILWAY
<br />COMPANY'S SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Nall at 314 N Boggs and 222 E 9th
<br />(County)
<br />Grand Island Nebraska 68801
<br />(Andress) (City) (ZIP CdO
<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, fixlures, and replacements that may
<br />now, or at any time in the litre, 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 $ $20,100.00 . 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 lerrns 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), cs ntracps), 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 irelude items such as horrmvers' names, note amounts, interest rates, ruaturin dates, etc.)
<br />A Promissory Note dated OCTOBER 2, 2001 TO ROLAND REYNOLDS AND EW SKALA
<br />NEBRASKA - DEED OF TRUST coo, we wMn, r,FM, rem ca vn VS,, (pa ol4)
<br />(D 1ss4 ee,F.,, Syl-19 I IF S, cmd, Ma n coo FF-r 1141 ram ne FT me ,Sans
<br />- C165(NE)leso8l o, VMFMOrvirwcs FORMS - o0rui')EF '
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<br />200207392
<br />y
<br />State. of Nebraska
<br />Space Above
<br />DEED OF TRUST
<br />This Line For Recording Data
<br />(With Future Advance Clause)
<br />0
<br />Construction Security Agreement
<br />1.
<br />DATE, AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />�o
<br />and the parties, their addresses and tax identification
<br />numbers, if required, areas follows:
<br />TRUSTOR: B fi B RENTAL PROPERTIES, INC
<br />GRAND ISLAND, BE
<br />El If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />aeknnwledgnlents.
<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 Lawe 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 Fa ster'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 />PARCEL 1
<br />LOT THREE (3), BLOCK FOURTEEN (1.4), PACKER AND BARR'S ADDITION. TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />PARCEL pp(� F7C
<br />LOT EIGHT (8), BLOCK ONE HUNDRED TWENTY -EIGHT (128), UNIONn AIAILWAY
<br />COMPANY'S SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Nall at 314 N Boggs and 222 E 9th
<br />(County)
<br />Grand Island Nebraska 68801
<br />(Andress) (City) (ZIP CdO
<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, fixlures, and replacements that may
<br />now, or at any time in the litre, 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 $ $20,100.00 . 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 lerrns 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), cs ntracps), 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 irelude items such as horrmvers' names, note amounts, interest rates, ruaturin dates, etc.)
<br />A Promissory Note dated OCTOBER 2, 2001 TO ROLAND REYNOLDS AND EW SKALA
<br />NEBRASKA - DEED OF TRUST coo, we wMn, r,FM, rem ca vn VS,, (pa ol4)
<br />(D 1ss4 ee,F.,, Syl-19 I IF S, cmd, Ma n coo FF-r 1141 ram ne FT me ,Sans
<br />- C165(NE)leso8l o, VMFMOrvirwcs FORMS - o0rui')EF '
<br />
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