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<br />Slate of Setva9k0 Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Ll Construction Security Agreement
<br />L DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Aug 19, 2002
<br />and the parties, than addresses and tax identification numbers, if requited, are as follows:
<br />TRUSTOR: GARY L WERNER and KATHRYN A WERNER, HUSBAND AND WIFE
<br />2003 N SHERIDAN AVE
<br />GRAND ISLAND, HE 68803 -1926
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />ackno,oledgments.
<br />TRUSTEE
<br />Earl IS Ahlachwede, Attorney
<br />NE
<br />BENEFICIARY:
<br />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N. Locust Street Grand Island. HE 68801 -6003
<br />Organized and Existing Under the Laws of The State of Nebraska
<br />2. CONVEYANCE. For good mid valuable consideration, the receipt and sufficiency of which is aclamwledged, and to
<br />secure the Secured Debt (defined below) and Trustorls 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 SIXTEEN (16) AND THE SOUTH SIXTEEN (16) FEET OF LOT FOURTEEN (14), IN BLOCK
<br />NINETEEN (10), IN UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall .. ...... at 2003N SHERIDAN AVE
<br />(County)
<br />_ GRAND ISLAND , Nebraska 68803 -1926 _
<br />(Address) (City) (zip Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil mid gas rights, all water and Inte an
<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, fiction ofthe real estate described above (all referred to as "Property"),
<br />3, NE XIMUM_ OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 56, 476.86 .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 loshument_
<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 solicitations. (When referencing She debts helm, a iv
<br />cieggesled Iha( rnu include hems such as borrowers' names, nose amounts, interest roles, maturity dates, ef,
<br />A Promissory Note dated 08/19/2002
<br />NEBRASKA -DEED OF TRUST NOT FORFNMA. mcyM SEA ORVA USES —(page 4li
<br />Q 1994 eenkels Syelems, Inc., 51. Cloud, MN 11899397 -93411 Form muT -NE 1Oic7i?7
<br />®' - C165(NE)(9s0a, o1 V MR MORTGAGE fORms- X909)5214291
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