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n A <br />2 D <br />c m N <br />Z <br />e3 <br />m N (j <br />cn ry <br />o —R <br />o <br />M <br />t7 S <br />z > <br />N <br />co <br />Fri <br />�' fV <br />Ln <br />o <br />C) "�1 <br />Z <br />O <br />N <br />y <br />= m <br />CD <br />y <br />rrt :3 <br />r '� <br />r a <br />N IJ <br />Cn <br />C73 <br />CID <br />co <br />� <br />1' <br />200207597 <br />Cf) <br />State of Nebraska Space Above This Line For Recording Data <br />REAL ESTATE DEED OF TRUST <br />`\ <br />(With Future Advance Clause) <br />Fil Construction Security Agreement <br />C� n <br />1. DATE AND PARTIES. The date of this Decd of -trust (Security Instrument) is07/18/2002 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR:ROBERT E ELLINGTON ANNETTE M ELLINGTON HUSBAND AND WIFE <br />11 PONDEROSA DR <br />GRAND ISLAND, NE 68803 <br />El 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 <br />Grand Island, NE 68801 -6003 <br />2. CON VE]ANCE. For good and valuable consideration, the receipt and sufficiencv 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 18B, BLOCK ONE (1), PONDEROSA LAKE ESTATES SUBDIVISION, IN THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA <br />I he property is located in Hall at 11 PONDEROSA DR <br />F( "T nly) <br />GRAND ISLAND , Nebraska 68803 <br />(Address) (C,ty) (7111 ('ode) <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, of 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 S 30, 000, 00 . This limitation of amount does not include interest and 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 defined as follows: <br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) of other evidence of debt <br />described below and all their extensions, renewals, modifications or substitutions. (You must specilieally ident{fi <br />the debt(s) secured and you should include the final maturity date of such deht(ry. ) <br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FnrMC FBA ORVA USE) V /P/ (pagR '( of Q) <br />Q 1894 Barkers Systems. Inc_ 51. Cloed. MN Farm OCP- RECT -NE 1;13;99 'J�/e['t�o ��- <br />- C465(NE) 19902).01 VMP MORTGAGE FORMS -(800)521 7291 <br />e <br />