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State. of Nebraska 200207394 Salter Above Thia Line For Retailing Data
<br />172053760 REAL ESTATE DEED ON TRUST
<br />(With Future Advance Clause)
<br />i
<br />Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is07/05/2002
<br />mid the patties, their addresses and tax identification numbers, if required, are as follows: \C
<br />TRUSTOR:RICHARD K DAVIS KAREN L DAVIS HUSBAND AND WIFE
<br />2615 W 1ST STREET
<br />GRAND ISLAND, NE 68803
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowled gents_
<br />TRUSTEE.:
<br />Earl D Ahlschwede. Attorney
<br />BENLPICIARY:
<br />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N. Locust Street
<br />Grand Island. NE 68801 -6003
<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'Irwdor's performmrce wider this Security Instrument, Tmslor irrevocably
<br />grants, conveys mid sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT FOUR (4), BLOCK FIFTEEN (15). ASHTON PLACE. AN ADDITION TO THE CITY OF GRAND
<br />ISLAND. HALL COUNTY, NEBRASKA.
<br />the property is located in Hall at 2615 W 1ST STREET
<br />Iccanty
<br />GRAND ISLAND , Nebraska 68803
<br />tAddo,W C('dy) (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 OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $6,000. 00 . This limitation of amount does not include interest mid other
<br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Security Instrument
<br />4. SECURED DEBT' AND FUTURE. ADVANCES. The term "Secured Debt" is defntxd as follows:
<br />A. Debt incurred and,, the terns of all promissory note(s), contract(s), guarall or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substimLions. (You must spec fmTly identify
<br />the deblo) .secured mrd rvn should include the final maturity dare of Such d(!bt(.,).)
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<br />State. of Nebraska 200207394 Salter Above Thia Line For Retailing Data
<br />172053760 REAL ESTATE DEED ON TRUST
<br />(With Future Advance Clause)
<br />i
<br />Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is07/05/2002
<br />mid the patties, their addresses and tax identification numbers, if required, are as follows: \C
<br />TRUSTOR:RICHARD K DAVIS KAREN L DAVIS HUSBAND AND WIFE
<br />2615 W 1ST STREET
<br />GRAND ISLAND, NE 68803
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowled gents_
<br />TRUSTEE.:
<br />Earl D Ahlschwede. Attorney
<br />BENLPICIARY:
<br />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N. Locust Street
<br />Grand Island. NE 68801 -6003
<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'Irwdor's performmrce wider this Security Instrument, Tmslor irrevocably
<br />grants, conveys mid sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT FOUR (4), BLOCK FIFTEEN (15). ASHTON PLACE. AN ADDITION TO THE CITY OF GRAND
<br />ISLAND. HALL COUNTY, NEBRASKA.
<br />the property is located in Hall at 2615 W 1ST STREET
<br />Iccanty
<br />GRAND ISLAND , Nebraska 68803
<br />tAddo,W C('dy) (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 OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $6,000. 00 . This limitation of amount does not include interest mid other
<br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Security Instrument
<br />4. SECURED DEBT' AND FUTURE. ADVANCES. The term "Secured Debt" is defntxd as follows:
<br />A. Debt incurred and,, the terns of all promissory note(s), contract(s), guarall or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substimLions. (You must spec fmTly identify
<br />the deblo) .secured mrd rvn should include the final maturity dare of Such d(!bt(.,).)
<br />NEBRASKA - NOME EOUITY LINE OF CREDIT REED OF TRUST(NOr FOR rNMA FF1 MC.. FEA Orr VA USE) �V� ((pcge o4
<br />Q, Iona sniwre SYSlems. rc S, cR'u, a ramOC"- aFm -NE 1nas9
<br />®-C465(NE) tvvacFri vMF MORTGAGE roams- 000)ssr Trsi
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