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TRUSTOR'GARY L KRUSE, TRUSTEE, GARY L KRUSE REVOCABLE TRUST and ARDITH A KRUSE,
<br />Trustee, Ardith A Kruse Revocable Trust
<br />1611 CHESAPEAKE CIR
<br />GRAND ISLAND, NE 68801 -7575
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustorx, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlschwede, Attorney
<br />HE
<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 Lawa 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) and Tmstor's performauce 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 THIRTY -EIGHT (38), MORNINGSIDE ACRES SUEDIVISION, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />The property is located in _ _ Hall at 1611 CHESAPEAKE CIR
<br />GRAND ISLAND Nebraska 68801
<br />IAdd,,0 _. (ZIP ('u0)
<br />'together with all rights, easements, appurtenances, royalties, mineral rights, oil mud gas rights, all water and riparian
<br />rights, ditches, and water stock mid all existing and future improvements, structures, fixtures, and replacements that may
<br />Ran, or at any nine in the future, be part of the real estate described above (all referred to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal mnount secured by this Security Instrument at any one Nine
<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 arms of this Security Instrument to protect Beneficial security and to perform any of the covenants
<br />contained in this Seem fly Instrument.
<br />4. SECURED DEBT AND FIT FURS ADVANCES. The term "Secured Debt" is defined as follows:
<br />A_ Debt incurred wider the terms of all promissory irme(s), contract(s), guaranty(s) m otter evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions_ (You must xpeeificalb idenli)
<br />(he debr(s) scoured and enu ehou /d include thv final maturity date of such debt(s)_)
<br />A Line of Credit Agreement dated 09/20/2002
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OFTRUST INOTFOEFNMA.. ounce FSAOnvAUSEI (pa 4)
<br />O 199d Bankels 3yclems. ln<.. 81. Cloud. MN Form OCRPETT -NE 1'13199
<br />"D4651NEI 1.9Io2 VMP MORTGAGE FORMS - 180015219291
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<br />200210319
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<br />— Saud of Nebraska _ —Space .ann.e This
<br />Line For Recoo fag
<br />Data
<br />_
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />4t
<br />Construction Security Agreement
<br />C7
<br />1.
<br />DATE AND PARTIES. "the date of this Deed of Trust (Security Instrument) issep
<br />201
<br />2002��
<br />and the parties, their addresses and tax identification numbers, if required, are as follows'
<br />d
<br />TRUSTOR'GARY L KRUSE, TRUSTEE, GARY L KRUSE REVOCABLE TRUST and ARDITH A KRUSE,
<br />Trustee, Ardith A Kruse Revocable Trust
<br />1611 CHESAPEAKE CIR
<br />GRAND ISLAND, NE 68801 -7575
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustorx, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlschwede, Attorney
<br />HE
<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 Lawa 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) and Tmstor's performauce 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 THIRTY -EIGHT (38), MORNINGSIDE ACRES SUEDIVISION, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />The property is located in _ _ Hall at 1611 CHESAPEAKE CIR
<br />GRAND ISLAND Nebraska 68801
<br />IAdd,,0 _. (ZIP ('u0)
<br />'together with all rights, easements, appurtenances, royalties, mineral rights, oil mud gas rights, all water and riparian
<br />rights, ditches, and water stock mid all existing and future improvements, structures, fixtures, and replacements that may
<br />Ran, or at any nine in the future, be part of the real estate described above (all referred to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal mnount secured by this Security Instrument at any one Nine
<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 arms of this Security Instrument to protect Beneficial security and to perform any of the covenants
<br />contained in this Seem fly Instrument.
<br />4. SECURED DEBT AND FIT FURS ADVANCES. The term "Secured Debt" is defined as follows:
<br />A_ Debt incurred wider the terms of all promissory irme(s), contract(s), guaranty(s) m otter evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions_ (You must xpeeificalb idenli)
<br />(he debr(s) scoured and enu ehou /d include thv final maturity date of such debt(s)_)
<br />A Line of Credit Agreement dated 09/20/2002
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OFTRUST INOTFOEFNMA.. ounce FSAOnvAUSEI (pa 4)
<br />O 199d Bankels 3yclems. ln<.. 81. Cloud. MN Form OCRPETT -NE 1'13199
<br />"D4651NEI 1.9Io2 VMP MORTGAGE FORMS - 180015219291
<br />Ad
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