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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Aug 0 1, 2002
<br />and the parties. their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: ROBERT E LEE
<br />THEDA J LEE Husband and Wife
<br />2019 WILLIAM ST
<br />GRAND ISLAND, NE 68801
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<br />01f 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. Pbr good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustcr'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 />THE WEST 70 FEET OF LOT 33, HAGGES' SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />The property is located in Hall at 2019 WILLIAM ST
<br />_ -.._
<br />_ GRAND ISLAND Nebraska 68801
<br />(Address) (City) (ZII'( odc)
<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 shall
<br />not exceed $ 17, 665.62 . -['his 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 />Sectuity Insh unrent.
<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), contiact(s)., guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals. modifications or substitutions. (When referencing the debts belnro it is
<br />suggested that You include items such as harrowers' names, note amounds, interest rates, rreantv'ih lures, etc. )
<br />A Promissory Note dated 08/01/2002
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA FHtMC. FHA OR VA USES
<br />(D 1994 Barkers Systems, Inc.. SI OcA MN (t- 800 3 91 -23 4 1) Form RF -DT -NE '0127197
<br />1- C165(NE) ;98081.01 VMP MORTGAGE FORMS- 1800(521 -7291
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<br />Space Above This Line For Recording Date
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Aug 0 1, 2002
<br />and the parties. their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: ROBERT E LEE
<br />THEDA J LEE Husband and Wife
<br />2019 WILLIAM ST
<br />GRAND ISLAND, NE 68801
<br />CD rn
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<br />01f 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. Pbr good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustcr'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 />THE WEST 70 FEET OF LOT 33, HAGGES' SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />The property is located in Hall at 2019 WILLIAM ST
<br />_ -.._
<br />_ GRAND ISLAND Nebraska 68801
<br />(Address) (City) (ZII'( odc)
<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 shall
<br />not exceed $ 17, 665.62 . -['his 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 />Sectuity Insh unrent.
<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), contiact(s)., guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals. modifications or substitutions. (When referencing the debts belnro it is
<br />suggested that You include items such as harrowers' names, note amounds, interest rates, rreantv'ih lures, etc. )
<br />A Promissory Note dated 08/01/2002
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA FHtMC. FHA OR VA USES
<br />(D 1994 Barkers Systems, Inc.. SI OcA MN (t- 800 3 91 -23 4 1) Form RF -DT -NE '0127197
<br />1- C165(NE) ;98081.01 VMP MORTGAGE FORMS- 1800(521 -7291
<br />(pag
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