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in <br />M , <br />N <br />n Z S <br />J <br />N <br />N <br />R <br />S <br />C A <br />N <br />C9 <br />O. <br />0 <br />b <br />z <br />N <br />\ <br />° <br />3 <br />a <br />W <br />r`v <br />co co <br />N <br />Cla <br />200208:23 <br />N <br />x <br />Z, <br />e <br />Ca <br />_ State or Nebraska Space Above TNe Line <br />For Recording Data <br />DEED OF TRUST <br />(With Future Advance Clause) <br />El Construction Security Agreement <br />L <br />DA'L'E AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jul 30. <br />2002 <br />and the parties, their addresses and tax identification numbers, ifreyuired, are as follows: <br />TRUSTOR: STEVEN F SORAHAN and DEBORAH L SORAHAN. HUSBAND AND WIFE. <br />557 LINDEN AVE <br />GRAND ISLAND, NE 68801 -8668 <br />0 Tf checked, refer to the attached Addendum incorporated herein, for additional <br />Trustors, <br />their <br />signatures and <br />acknowledgments. <br />TRUSTEE: <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, Truster 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 />SEE ATTACHED EXHIBIT "A ". <br />The property is located in Hall at 557 LINDEN AVE <br />(County) <br />GRAND ISLAND _,Nebraska .68801 -8668 <br />(Addaus) (City) (ZIP coda) <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 anytime in the future, be part of thereat estate described above (all referred to as "Property "). <br />3. MAXIMUM OBLIGATION LIMP['. The total principal amount secured by this Security Instrument at any one time shall <br />not exceed $ 50,815. 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 nnade under <br />the terms of this Security Instrument to protect Beneficiary's security and to per form any of the covenants contained in this <br />Security Instrument. <br />4. SECITRF.D DEBT AND FUTURE ADVANCES. the term "Secured Debt" is defined as follows: <br />A. Debt incurred under the terms of all promissory note(s), contrad(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 />suggasred that you include items such as borrowers' names, note amounts, interest rates, maturity dater, etc) <br />A Promissory Note dated 07/30/2002 <br />NEBRASKA - DEED NF TRUST (Nor Foe FNMA. FNI MC. FHA OR VA USE) (page 1 or 4) <br />© 1994 bmM &s SytleTS Inc, St 000, MN (1- 800397.2341 ) Form PE-DT NE 1 OO7N7 <br />(M- C185(NE)(93ae).01 VMVM091GAGE FOAMS- (B00)521.7291 <br />I <br />