|
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, HE 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, mid to
<br />secure the Secured Debt (defined below) and Truster's performance under this Security Instrument, Truster irrevocably
<br />grants, conveys mid sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT ONE (1) , SUNSET FIFTH SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />The properly is located in Hall at 4019 KAY AVENUE
<br />(C.'an)
<br />GRAND ISLAND Nebraska 68803
<br />(Address) Idyl (ZIP Cudel
<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 fumre, 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 40, 000.00 . This limitation of amount does not include interest mid 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 F'U'TURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A_ Debt incurred under the terms of all promissory note(s), contract(.,), gummlly(s) or other evidence of debt
<br />described below mid all their extensions, renewals, modifications or substitutions" (You must specificolli iden iTfi"
<br />[he delh(1) secured and rnu .should include the final maturity date of inch deht(e).)
<br />A Line of Credit Agreement dated 09/03/2002
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR rNMA. rHLMC. FHA oa I usE1 , Iv 0 (page �[ /
<br />(],99inilk— '""'IT'm, 1111. 91. Rill MNForm DGP- EEFTNE1 /1'99 U1l/B, J-
<br />��L466(NEI�99o21oz VMP MORTGAGE FORMS "(a0o1s21 "7291
<br />A
<br />S
<br />T S b
<br />v
<br />a
<br />O
<br />rrti
<br />Q4
<br />p x s $'J�
<br />m
<br />co
<br />S$
<br />m
<br />CD
<br />.-
<br />m
<br />n co
<br />O
<br />C\
<br />'
<br />�
<br />r 'o
<br />r v
<br />CLD
<br />y
<br />�
<br />n
<br />O
<br />3
<br />N
<br />,a
<br />V
<br />-
<br />OR
<br />m
<br />N
<br />C 0
<br />__ Slvlc of Nebrvskn
<br />Space Above This Line
<br />Far R ... Man,
<br />Dvty
<br />"
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />L DATE AND PARTIES.
<br />The date of this Deed of Trust (Security Instrument) isSep 03,
<br />2002
<br />mid the parties, their addresses
<br />and tax identification numbers, if required, are as follows:
<br />O
<br />TRIISTOR:MICHAEL A PALU and VALERIE E PALO, HUSBAND AND WIFE
<br />O
<br />4019 KAY
<br />AVENUE
<br />GRAND ISLAND,
<br />WE 68803
<br />If checked, refer to
<br />the attached Addendum incorporated herein, for additional
<br />Trustors.
<br />their signatures
<br />and
<br />acknowledgntems.
<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, HE 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, mid to
<br />secure the Secured Debt (defined below) and Truster's performance under this Security Instrument, Truster irrevocably
<br />grants, conveys mid sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT ONE (1) , SUNSET FIFTH SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />The properly is located in Hall at 4019 KAY AVENUE
<br />(C.'an)
<br />GRAND ISLAND Nebraska 68803
<br />(Address) Idyl (ZIP Cudel
<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 fumre, 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 40, 000.00 . This limitation of amount does not include interest mid 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 F'U'TURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A_ Debt incurred under the terms of all promissory note(s), contract(.,), gummlly(s) or other evidence of debt
<br />described below mid all their extensions, renewals, modifications or substitutions" (You must specificolli iden iTfi"
<br />[he delh(1) secured and rnu .should include the final maturity date of inch deht(e).)
<br />A Line of Credit Agreement dated 09/03/2002
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR rNMA. rHLMC. FHA oa I usE1 , Iv 0 (page �[ /
<br />(],99inilk— '""'IT'm, 1111. 91. Rill MNForm DGP- EEFTNE1 /1'99 U1l/B, J-
<br />��L466(NEI�99o21oz VMP MORTGAGE FORMS "(a0o1s21 "7291
<br />
|