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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 Truster's performance under [his Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustce, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT TWO (2). KELLY'S FIRST SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall. _ at 2620 N_ GUNBARREL RD
<br />(county)
<br />GRAND ISLAND_ , Nebraska_ 68801
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas Tights, 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 future, 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 $120 , 000.00 _ . This limitation of amount does not include interest and other
<br />fees and charges validly made pwsuant to this Security Instrument. Also, [his 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 FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contrachs), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debts) secured and you should include the final maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 10/29/2002
<br />NEBRASKA NOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHIMC, FHA OR VA USE) ' „ (fie 1 of 4)
<br />109< Bmkgs Syefems, Inc. St Cloud MN Fo,m OCP- REDT -NE 111989 � �_�L�G`
<br />®- C406INE)(99o2).o2 VMP MORTGAGE FORMS- MOOG214291
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<br />State of Nebraska Space Above Tits Line
<br />For Recording
<br />Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />® Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isOct 29._
<br />2002.
<br />_
<br />and the parties, their
<br />addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:ANDREW
<br />O.J. KELLY and TRACY LEA KELLY, HUSBAND AND WIFE
<br />3720 W
<br />STATE ST APT. B8
<br />GRAND
<br />ISLAND, NE 68803
<br />E] If checked, refer
<br />to the attached Addendum incorporated herein, for additional
<br />Truants,
<br />their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D
<br />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 Truster's performance under [his Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustce, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT TWO (2). KELLY'S FIRST SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall. _ at 2620 N_ GUNBARREL RD
<br />(county)
<br />GRAND ISLAND_ , Nebraska_ 68801
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas Tights, 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 future, 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 $120 , 000.00 _ . This limitation of amount does not include interest and other
<br />fees and charges validly made pwsuant to this Security Instrument. Also, [his 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 FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contrachs), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debts) secured and you should include the final maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 10/29/2002
<br />NEBRASKA NOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHIMC, FHA OR VA USE) ' „ (fie 1 of 4)
<br />109< Bmkgs Syefems, Inc. St Cloud MN Fo,m OCP- REDT -NE 111989 � �_�L�G`
<br />®- C406INE)(99o2).o2 VMP MORTGAGE FORMS- MOOG214291
<br />
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