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TRUSTOR:THOMAS J BROWN, LORINDA KRANCE BROWN Formerly known as Lorinda Lou
<br />Krance, Husband and Wife
<br />2510 COMMERCE AVE
<br />GRAND ISLAND, NE 68801 -7325
<br />E] If checked, refer to the attached Addendum incorporated herein, for additional Tnrstors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />BENEFICIARY:
<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 Trustor'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 />LOT EIGHTEEN (18) EXCEPT THE EAST TWELVE FEET (12') THEREOF, IN BLOCK "C ", IN PARK
<br />VIEW SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in Hall at 2510 COMMERCE AVE
<br />(County) - -. -. - - -..
<br />GRAND ISLAND Nebraska 68801
<br />(Address) (City) (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 S 5, 800. 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), contiact(s), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifrccalb, idenrill,
<br />the debt(s) .secured and sou should include the final maturity date of stich debt(s).)
<br />NEBRASKA • HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHIMC, FHA ORVA USE) -ry (page 1 of 4)
<br />(D 1994 Bankers Systems, Inc., SI. Cloud. MN Farm OCP- REOT -NE 1113199
<br />•C465(NE) )9902).01 VMP MORTGAGE FORMS - (B00)521 -7291
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<br />State of Nebraska
<br />_ Space .Ahove This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />DATE AND PARTIES.
<br />The date of this Deed of Trust (Security Instrument) is08/05/2002_
<br />and the parties, their addresses
<br />and tax identification numbers, if required, are as follows:
<br />TRUSTOR:THOMAS J BROWN, LORINDA KRANCE BROWN Formerly known as Lorinda Lou
<br />Krance, Husband and Wife
<br />2510 COMMERCE AVE
<br />GRAND ISLAND, NE 68801 -7325
<br />E] If checked, refer to the attached Addendum incorporated herein, for additional Tnrstors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />BENEFICIARY:
<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 Trustor'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 />LOT EIGHTEEN (18) EXCEPT THE EAST TWELVE FEET (12') THEREOF, IN BLOCK "C ", IN PARK
<br />VIEW SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in Hall at 2510 COMMERCE AVE
<br />(County) - -. -. - - -..
<br />GRAND ISLAND Nebraska 68801
<br />(Address) (City) (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 S 5, 800. 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), contiact(s), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifrccalb, idenrill,
<br />the debt(s) .secured and sou should include the final maturity date of stich debt(s).)
<br />NEBRASKA • HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHIMC, FHA ORVA USE) -ry (page 1 of 4)
<br />(D 1994 Bankers Systems, Inc., SI. Cloud. MN Farm OCP- REOT -NE 1113199
<br />•C465(NE) )9902).01 VMP MORTGAGE FORMS - (B00)521 -7291
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