|
DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement ` `1
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument] is Jul 30. 20.0.2
<br />and the parties, their addresses and tax identification numbers, if required, 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 />01f checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: EARL D. AHLSCHWEDE, ATTORNEY
<br />P.O. BOX 2300
<br />GRAND ISLAND,NE 68802
<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 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 />SEE ATTACHED EXHIBIT "A ".
<br />The property is located in Hal 1 at 557 LINDEN AVE
<br />(County)
<br />GRAND ISLAND Nebraska 68801 - 866.8_
<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 LLNffr. 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 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 />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) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 07/30/2002
<br />NEBRASKA -DEED , r TRUST (NOT 1-8 FNMA, F 41) F FHA OR VA USE) �(PaJe 1 of 4)
<br />Q 1994 Bunkers Sysfem5.lnc.. SL Cloud, MN (1- 8009] -2341) Form RE -Di -NE 1027197
<br />-Ct ONNE) (9808).01 VMP MORTGAGE FORMS - (000)521 -7291
<br />2 0 00��� F� 8
<br />r-
<br />Fn
<br />=
<br />a
<br />c
<br />N
<br />° -"1 O
<br />-mss
<br />cn
<br />co
<br />m
<br />1
<br />c'' m O
<br />F/f
<br />C*
<br />n
<br />m
<br />�73 A m
<br />"tee
<br />O
<br />r h co
<br />ry
<br />N
<br />� co
<br />2002082 2 3
<br />n
<br />--�
<br />Ca
<br />x
<br />N W
<br />o
<br />C
<br />State of Nebraska
<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement ` `1
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument] is Jul 30. 20.0.2
<br />and the parties, their addresses and tax identification numbers, if required, 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 />01f checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: EARL D. AHLSCHWEDE, ATTORNEY
<br />P.O. BOX 2300
<br />GRAND ISLAND,NE 68802
<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 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 />SEE ATTACHED EXHIBIT "A ".
<br />The property is located in Hal 1 at 557 LINDEN AVE
<br />(County)
<br />GRAND ISLAND Nebraska 68801 - 866.8_
<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 LLNffr. 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 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 />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) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 07/30/2002
<br />NEBRASKA -DEED , r TRUST (NOT 1-8 FNMA, F 41) F FHA OR VA USE) �(PaJe 1 of 4)
<br />Q 1994 Bunkers Sysfem5.lnc.. SL Cloud, MN (1- 8009] -2341) Form RE -Di -NE 1027197
<br />-Ct ONNE) (9808).01 VMP MORTGAGE FORMS - (000)521 -7291
<br />
|