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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 Torsion's performance under this Security Instrument, Truster irrevocably
<br />grants, conveys and sells to 'I'nrstee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT FIVE (5), BLOCK ONE (1), IN CAPITAL HEIGHTS SECOND SUBDIVISION. BEING A PART OF
<br />THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (SE1 /4SW1 /4) OF SECTION TWO (2).
<br />TOWNSHIP ELEVEN (11) NORTH. RANGE TEN (10) WEST OF THE 6TH P.M., GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />The property is located in Hall _ at 4242 New York Ave
<br />(County)
<br />Grand Island Nebraska.. 68803 -1404
<br />(Aadrexs) (City) (ZIP Code)
<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 fume, be part of the real estate described above (all referred to as "Property").
<br />3. MAXIMUM OBLIGATION LiMTT. The total principal amount socured by this Security Instrument at any one time shall
<br />not exceed S 14, 723.54 . 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 Bereficiary's sawity and to perform any of the cavernous 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 rates, maturity dates, etc.)
<br />A Promissory Note dated 10/11/2002
<br />NEBRASKA -DEED OF TRUST (101 Fog FNMA. FHtMC, FHA OR vAUSE) I
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<br />�� C1651NEI(990R)H9 VM4 MOM GAGE FORMS- (600)521,729:
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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of
<br />this Deed of Trust (Security Instrument) is Oct 11.
<br />2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Philip C Bunkers
<br />and Madonna E Bunkers, Husband and Wife
<br />4242 New York Ave
<br />Grand Island. NE
<br />68803 -1404
<br />Q If checked, refer to the attached Addend= incorporated herein, for additional
<br />Trusters,
<br />their
<br />signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlschwede.
<br />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 Torsion's performance under this Security Instrument, Truster irrevocably
<br />grants, conveys and sells to 'I'nrstee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT FIVE (5), BLOCK ONE (1), IN CAPITAL HEIGHTS SECOND SUBDIVISION. BEING A PART OF
<br />THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (SE1 /4SW1 /4) OF SECTION TWO (2).
<br />TOWNSHIP ELEVEN (11) NORTH. RANGE TEN (10) WEST OF THE 6TH P.M., GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />The property is located in Hall _ at 4242 New York Ave
<br />(County)
<br />Grand Island Nebraska.. 68803 -1404
<br />(Aadrexs) (City) (ZIP Code)
<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 fume, be part of the real estate described above (all referred to as "Property").
<br />3. MAXIMUM OBLIGATION LiMTT. The total principal amount socured by this Security Instrument at any one time shall
<br />not exceed S 14, 723.54 . 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 Bereficiary's sawity and to perform any of the cavernous 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 rates, maturity dates, etc.)
<br />A Promissory Note dated 10/11/2002
<br />NEBRASKA -DEED OF TRUST (101 Fog FNMA. FHtMC, FHA OR vAUSE) I
<br />01994Rmkes SY511115, mr- S1doesMN(1- SOOSez2aA1)FF- of -DT -NE orzrNr L /L(YL /SbL(.
<br />�� C1651NEI(990R)H9 VM4 MOM GAGE FORMS- (600)521,729:
<br />
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