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l <br />TRUSTOR: ROBERT T TAYLOR and BARBARA J TAYLOR, HUSBAND AND WIFE <br />556 E 18TH ST <br />GRAND ISLAND, NE 68801 <br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures acid <br />acknowledgments. <br />TRUSTEE: <br />Earl D Ahlschwede, Attorney <br />NE <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) mid Trustor'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 EASTERLY TWENTY -THREE AND FIVE TENTHS FEET (23.51) OF LOT TWENTY -THREE (23) AND <br />ALL OF LOT TWENTY -FOUR (24) AND THE WESTERLY THREE FEET (31) OF LOT TWENTY -FIVE <br />(25), IN BLOCK THREE (3) IN BLAIN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, <br />NEBRASKA <br />The property is located in Hall at 556 E 18TH ST <br />(County) ____. <br />GRAND ISLAND , Nebraska 68801 <br />(Address) (City) (ZIP Code) <br />Together with all rights, casements, 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, mid 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 S 7 , 262.. 08 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 rater, maturity dates, etc.) <br />A Promissory Note dated 08/23/2002 <br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA. FHtMC. FHA OR VA USE) <br />(D 1994 Bankers Systems, Inc_, S1. Cloud MN (1- 800 -397 -2341) Form RE -DT -NE 10,27199 <br />- C165(NE) (9808) j2 VMP MORTGAGE FORMS- (800)521 -]291 <br />, �(Pag rr. <br />m (A ' fl", ;.' <br />ry <br />CD <br />D ZCy <br />`4^ <br />"' <br />113 <br />a� <br />:: <br />—zi <br />o <br />CJ <br />S <br />T Cn tam <br />:r <br />m <br />oa. <br />p <br />C, <br />� <br />RK <br />o <br />xr <br />z <br />cn <br />�o <br />O <br />State of Nebraska <br />Space Above This Line For Recording Data <br />DEED OF TRUST <br />(With Future Advance Clause) <br />Construction Security Agreement <br />1. DATE AND PARTIES. <br />The date of this Deed of Trust (Security Instrument) is Aug 23 , <br />2002 <br />and the parties, their addresses <br />and tax identification numbers, if required, are as follows: <br />TRUSTOR: ROBERT T TAYLOR and BARBARA J TAYLOR, HUSBAND AND WIFE <br />556 E 18TH ST <br />GRAND ISLAND, NE 68801 <br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures acid <br />acknowledgments. <br />TRUSTEE: <br />Earl D Ahlschwede, Attorney <br />NE <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) mid Trustor'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 EASTERLY TWENTY -THREE AND FIVE TENTHS FEET (23.51) OF LOT TWENTY -THREE (23) AND <br />ALL OF LOT TWENTY -FOUR (24) AND THE WESTERLY THREE FEET (31) OF LOT TWENTY -FIVE <br />(25), IN BLOCK THREE (3) IN BLAIN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, <br />NEBRASKA <br />The property is located in Hall at 556 E 18TH ST <br />(County) ____. <br />GRAND ISLAND , Nebraska 68801 <br />(Address) (City) (ZIP Code) <br />Together with all rights, casements, 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, mid 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 S 7 , 262.. 08 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 rater, maturity dates, etc.) <br />A Promissory Note dated 08/23/2002 <br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA. FHtMC. FHA OR VA USE) <br />(D 1994 Bankers Systems, Inc_, S1. Cloud MN (1- 800 -397 -2341) Form RE -DT -NE 10,27199 <br />- C165(NE) (9808) j2 VMP MORTGAGE FORMS- (800)521 -]291 <br />, �(Pag rr. <br />