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<br />State of Nebraska Spare Above This Line For Re<or8ing Beta
<br />DEED OF TRUST 200209607 '
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Dmal of Trust (Security Instrument) is Sep 03,_ 2002 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
<br />and the parties, their addresses end tax identification numbers, if required arc as follows:
<br />TRUSTOR: GERALDINE LEE FAIRCHILD
<br />DAVID C FAIRCHILD, HUSBAND AND WIFE
<br />2507 COPRSERCE AVE
<br />GRAND ISLAND, NE 68801
<br />If chocked, relbr to lire attached Addendum incorporated herein, for additional Truancies, their signatures mid
<br />acknowledgments.
<br />IRUSILE:
<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 wnsideration, the receipt and sutficlency of which is acknowledged, mid to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, T'rustor 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 TWENTY -FOUR (24), IN BLOCK "D", IN PARKVIEW SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND. HALL COUNTY, NEBRASKA.
<br />The property is located in _ _ _ - Hall ----------- at 2507 COMMERCE AVE
<br />(Can Y)
<br />GRAND ISLAND ,Nebraska 68801_____
<br />(Anil (Con) (ZIP Cotle)
<br />Together with all rights, casements, appurtenances, royalties, mineral rights, oil mid gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and furore improvements, suuctures, fixtures, and replacements that may
<br />now, or at any time in the fiiture, 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 />nor exceed $ 30, 07 0. 50 This limitation of anount 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 Beneficim'y's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The tern "Secured Debt" is defined as follows:
<br />A. Debt incurred under the teams of all promissory pouts), coribi s), guaralrty(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 />...ggeated that Include item., a ,ch cis bmrnwers' noel note amounts, intere.t rater, maturity dates, etc_)
<br />A Promissory Note dated 09/03/2002
<br />NEBRASKA - DEED OF TRUST nUT FoRFNUA. Furor C. FHA 011 user .Z-/ (page 1 0l4
<br />0 1"a Bark— 9ynnal- In, al. Cloud. MN (1 -000397 "2341) Form RFAT NF ,el'P19r
<br />(M LC1 6 B(N E) 198091 0) VMV14081oAOEFOR6 ou0121 -7291
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