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m n <br />T m w <br />Z <br />N <br />>on on \ _ m cZ <br />� N <br />M _7O <br />6� S U1 =-3 <br />s G> <br />M 0,� CID <br />w <br />State of Nebraska Space Above This Lino 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 Nov 14, 2002 <br />and the parties, their addresses and tax identification numbers, if required, are ac follows: <br />TRUSTOR: LUE J ALLAN JR and MARGARET V ALLAN, HUSBAND AND WIFE <br />4079 STAUSS RD <br />GRAND ISLAND, NE 68803 <br />If checked, refer to the attached Addendum incorporated herein, for additional Tractors, 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 Tmstor's performance under this Security Instrument, Trustor 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), IN BLOCK TWENTY FOUR (24), PACKER AND BARR'S SECOND ADDITION TO THE <br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in Hal I at 236 WALDO AVE <br />(Conwy) <br />_ GRAND ISLAND , Nebraska 68803 <br />(Address) (City) GSIP Codc) <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 Res "Property "). <br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall <br />not exceed $ 44.598.31 . 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. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: <br />A. Debt incurred under the terms of all promissory Enacts), contract(s), guaranty(s) or other evidence of debt described <br />below and all their extensions, renewals, modifications or substitutions. ("en referencing the debts below it is <br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity datcc etc.) <br />A Promissory Note dated 11/14/2002 <br />0 1994 B as - D EEa O F TRUST rs ME (I 0 MA. 341)C. Form on vn E 10 (pie <br />Q 1994 (NE) S 8GE)0 6. ft, St Clout MN (I�OO I9R1dd1) Fpim pFRI -NE 10 /2i N) <br />®C1651RE1 (9808102 VMP MORTGAGE FORMS- (800)5217291 <br />