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TRUSTOR:RANDY L KNOTT, TERI L KNOTT Husband and Wife
<br />313 KNOTT AVE
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Earl D Ahlschwede, Attorney
<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 Tiustor'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 />LOT THREE (3), BLOCK TWO (2), KNOTT SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />I he property is located in Hall at 313 KNOTT AVE
<br />(Couuty)
<br />GRAND ISLAND Nebraska 68801
<br />(Address) (City) -- - V111 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. MAXIMG M OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $ 50, 000.00 . 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 FC'I'FIRE ADVANCES. The tern "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
<br />described below and all their extensions, renewals, modifications or substitutions. (You must spenfically Mentz /i,
<br />the deht(s) secured and oou should include the final maturity duce a %such debt(s).)
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST ;Nor FOR FNMA FHLMO FHA oR VA USE) %J� (page 7 f )
<br />Q 1994 aam,els Systems. Inc.. 51. Claud MN Fb,m OFF - REDT -NE 1;13,99 O lk
<br />(M-0465 (NE) !9902).02 VMP M ORI GAGE FORMS - (800)521 -]291
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<br />State of Nebraska
<br />Space Above This
<br />line For Recording
<br />Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />El Construction Security Agreement
<br />1. DATE AND PARTIES. The
<br />date of this Deed of Trust (Security Instrument) is08/23/2002
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<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />\SIN
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<br />TRUSTOR:RANDY L KNOTT, TERI L KNOTT Husband and Wife
<br />313 KNOTT AVE
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Earl D Ahlschwede, Attorney
<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 Tiustor'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 />LOT THREE (3), BLOCK TWO (2), KNOTT SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />I he property is located in Hall at 313 KNOTT AVE
<br />(Couuty)
<br />GRAND ISLAND Nebraska 68801
<br />(Address) (City) -- - V111 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. MAXIMG M OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $ 50, 000.00 . 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 FC'I'FIRE ADVANCES. The tern "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
<br />described below and all their extensions, renewals, modifications or substitutions. (You must spenfically Mentz /i,
<br />the deht(s) secured and oou should include the final maturity duce a %such debt(s).)
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST ;Nor FOR FNMA FHLMO FHA oR VA USE) %J� (page 7 f )
<br />Q 1994 aam,els Systems. Inc.. 51. Claud MN Fb,m OFF - REDT -NE 1;13,99 O lk
<br />(M-0465 (NE) !9902).02 VMP M ORI GAGE FORMS - (800)521 -]291
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