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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) and Trostor's performance under this Security Instrument, Truator 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), WESTERN HEIGHTS THIRD SUBDIVISION TO THE CITY OF GRAND ISLAND. HALL
<br />COUNTY, NEBRASKA
<br />The property is located ul ------------------ Hall -------- ---- at 1723 LARIAT LANE _____ - - -___
<br />(Coanry)
<br />-------- GRAND _ISLAND. _ ........ Nebraska _ _ 68803 - 2222
<br />(nddmse) (City) (ZIP Code)
<br />Together with all rights, macrame, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />Tights, ditches, and water stock and all existing and future improvements, structures, futures, 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. MAXIMUM OBLIGATION LIMIT. The total principal amount seemed by this Security ] nstrument at any one time shall
<br />not exceed $ 10.746.60 . 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. SECITRED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terns 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 rates, maturity dates, etc.)
<br />A Promissory Note dated 10/07/2002
<br />NEBRASKA - DEED OF TRUST (rva EoR FNMA, naMe run OR VA asE)
<br />© 1994 amNe,f S911ee11. Ina, St Cloud MN (I 000 -09] -2041) EOim RFDT -nE 100767
<br />®- Cub(NE)(9008T02 VMP MORTGAGE FORMS - (000 }414291
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<br />Stale of Nebneke — — 5pvae Above TLb line For Recording D.I.
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />�] Construction Security Agreement
<br />1.
<br />DATE AND PARTIES. The date of this Deed of Trust (Security hatntment) is Oct 07, 2002 ---------------
<br />and the parties, their addresses and tax identification numbers, if required, are m follows:
<br />TRUSTOR: RICHARD M BACON
<br />RADA J BACON, HUSBAND AND WIFE
<br />1723 LARIAT LANE
<br />GRAND ISLAND, NE 68803 -2222
<br />[—]If checked, refer to the attached Addendum incorporated harem, for additional Trustors,
<br />their signatures
<br />and
<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) and Trostor's performance under this Security Instrument, Truator 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), WESTERN HEIGHTS THIRD SUBDIVISION TO THE CITY OF GRAND ISLAND. HALL
<br />COUNTY, NEBRASKA
<br />The property is located ul ------------------ Hall -------- ---- at 1723 LARIAT LANE _____ - - -___
<br />(Coanry)
<br />-------- GRAND _ISLAND. _ ........ Nebraska _ _ 68803 - 2222
<br />(nddmse) (City) (ZIP Code)
<br />Together with all rights, macrame, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />Tights, ditches, and water stock and all existing and future improvements, structures, futures, 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. MAXIMUM OBLIGATION LIMIT. The total principal amount seemed by this Security ] nstrument at any one time shall
<br />not exceed $ 10.746.60 . 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. SECITRED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terns 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 rates, maturity dates, etc.)
<br />A Promissory Note dated 10/07/2002
<br />NEBRASKA - DEED OF TRUST (rva EoR FNMA, naMe run OR VA asE)
<br />© 1994 amNe,f S911ee11. Ina, St Cloud MN (I 000 -09] -2041) EOim RFDT -nE 100767
<br />®- Cub(NE)(9008T02 VMP MORTGAGE FORMS - (000 }414291
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