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„1 To o <br />rn <br />t5x on <br />V x rn <br />n <br />\ � � FEE <br />`E,-7 ! <br />N <br />200213598 <br />State of Nebraska Space Above This Line Far Recording 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 Dud of Trust (Security Instrument) isNOv 26, 2002 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />O <br />N <br />O Na Qera <br />N <br />cn ii <br />rDrn: G: <br />_?:i <br />a, <br />E”. <br />,s. <br />a <br />TRUSTOR: GERALD B KLUTHE and SUSAN M KLUTHE. HUSBAND AND WIFE <br />406 S SUEZ ST. PO BOX 203 <br />CAIRO, NE 68824 <br />Q If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />s, <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 Instrument, 'fmstor 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 />LOTS THREE (3) AND FOUR (4) IN BLOCK FOURTEEN (14) IN THE TOWN OF CAIRO. HALL <br />COUNTY, NEBRASKA. <br />The property is located in Hal l at 406 S SUEZ ST. PO BOX 203 <br />(Comm') <br />CAIRO _ , Nebraska_ _ 68824 <br />(Address) (City) (ZIP Code) <br />'Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian <br />Tights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacernenls 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 lime <br />shall not exceed $ 50.000.00 . 'Phis limitation of amount does not include interest and other <br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made <br />under the terms of this Security Instrument to protect Beneficiary's sa:urity 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 octets), contract(s), guuranty(s) or other evidence of debt <br />described below and all their extensions, renewals, modifications m substitutions. (You must sTecifcally idenrifv <br />the debt(s) seemed and you should include the final maturity date of ouch debt(s) -) <br />A Line of Credit Agreement dated 11/26/2002 <br />NEBRASKA HOME EQUITY LINE 01 CREDIT DEED 01 TRUST MOT FOR FNMA. FHLmc. FHA OR VA USE) <br />01994 Broken Systems, Rod, S( Cloud MN Fm,mOCR - REmI -NE J13 OF <br />(M C466INEI(1102) OF VMP MORTGAGE FORMS (600)521,7291 <br />