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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 Truantry; performance under this Security Instrument, Truster 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 SIXTEEN (16). IN BLOCK SIX (6). ASHTON PLACE, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA ACCORDING TO THE RECORDED PLAT THEREOF.
<br />The property is located in Hall at 2312 W JOHN
<br />(County)
<br />_ GRAND ISLAND _ , Nebraska 68803
<br />(Addreaa) (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 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 shall
<br />not exceed $ 1,070.50 . This limitation of meant 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 hlstrument.
<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 retell 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 10/3112002
<br />NEBRASKA - DEEO OF TRUST (NOT FOR FNMA. FHEMC, FHA 0R VA USE) nn (pcga)of d)
<br />0 1994 emkers SySlems. Inc.. St Cloud MN (1 8009972541) Form RE DT NE I OR7N7 .Sri
<br />® ®01 BS(NE)(99a9).02 VMP M0RI GAGE FORMS- U00)52 1 7291
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<br />�- State of Nebrarka Space Above This Line For Recording Data
<br />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) is Oct_ _3.1,_
<br />2002
<br />_ _ _ _ _ _ _
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: SHERRIE A RATHMAN, A SINGLE PERSON
<br />2312 W JOHN
<br />GRAND ISLAND. NE 68803
<br />E] If checked, refer to the attached Addendum incorporated herein, for additional
<br />Immoral,
<br />their
<br />signatures 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 Truantry; performance under this Security Instrument, Truster 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 SIXTEEN (16). IN BLOCK SIX (6). ASHTON PLACE, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA ACCORDING TO THE RECORDED PLAT THEREOF.
<br />The property is located in Hall at 2312 W JOHN
<br />(County)
<br />_ GRAND ISLAND _ , Nebraska 68803
<br />(Addreaa) (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 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 shall
<br />not exceed $ 1,070.50 . This limitation of meant 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 hlstrument.
<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 retell 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 10/3112002
<br />NEBRASKA - DEEO OF TRUST (NOT FOR FNMA. FHEMC, FHA 0R VA USE) nn (pcga)of d)
<br />0 1994 emkers SySlems. Inc.. St Cloud MN (1 8009972541) Form RE DT NE I OR7N7 .Sri
<br />® ®01 BS(NE)(99a9).02 VMP M0RI GAGE FORMS- U00)52 1 7291
<br />
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