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<br />State of Nebraska Space Above Thin Line For Recording Data
<br />t9
<br />DEED OF TRUST '
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security htstrument) is Nov 05,_ 2002 _ _ _ _ _ _ -----
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: KIRK A LAWSON and KAREN K LAWSON. HUSBAND AND WIFE
<br />519 N CAREY
<br />GRAND ISLAND, NE 68803
<br />[::]If checked, refer to the attached Addendum incorporated herein, for additional Trusters, their 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 Trustor's performance under this Security humarrent, 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 FORTY -SIX (46), IN BELMONT ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY.
<br />NEBRASKA
<br />The property is located in ..___--------- .Hall ------- . ____ at 519 N_ C_AREY
<br />(county)
<br />GRAND _ ISLAND__ _ __,Nebraska 68803_
<br />(Add ea) (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 seemed by this Security Instrument at any one time shall
<br />not exceed $ 16, 067.43 This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Seemity, 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. 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), guammy(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 11/05/2002
<br />NEBRASKA - DEED OF TRUST (Not FOR FNMA, FHtMC. FHA On vA USr) �.) // (( a.7 0f 4)
<br />©199d Bmkeis SysEems, In[, 9i. Clo"d MN (L¢0 0- 8 912 9 4 1) FOim RE DT NE 1Fa]fl1 /S�'V�TL 1Y1(�1—'
<br />®'k C1051NEi(9909).02 NAF MORTGAGE FORMS- (90m2l 7291
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