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m 2 D c ca <br />T in U _ <br />cn <br />p , 2 t). <br />Co <br />'•\ c'\ O m <br />to C <br />j m x <br />i4 V CD <br />N ^y' <br />N 2002IS788 �e <br />State of Nebraska Space Above This Line For 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 Deed of Trust (Security Instrument) isDeC 03, 2002 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR- CHARLES D BOSSLLMAN JR <br />LAURA L BOSSELMAN <br />308 PONDEROSA DR <br />GRAND ISLAND, NE 68801 <br />If checked, refer to the attached Addendum incorporated herein, for additional Trusters, their signatures and <br />acknowledgments. <br />TRUS'I'LE: <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) end Trustor's performance under this Security Instrument, Tiumor 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 FIVE (5), BLOCK ONE (1). PONDEROSA LAKE ESTATES FOURTH SUBDIVISION. AN <br />ADDITION TO THE CITY OF GRAND ISLAND. HALL COULNTY. NEBRASKA <br />The property is located in Hal l at 308 PONDEROSA DR <br />I(.mnn) <br />GRAND ISLAND , Nebraska 68801 <br />IAddresa7 K w) (ZIP fade) <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 fund e, 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 Seem ity Instrument at any one time <br />shall net exceed S40. 000. 00 . this limitation of amount does not include interest and ulhe, <br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made <br />tinder the terms of this Security lnstrunrcnt to protect Beneficiary's security raid to perform any of the covenants <br />contained in this Security Instrument <br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Seemed Debt" is defined as follows: <br />A. Debt incurred under the terms of all promissory note(s), contracho, guaranty(s) or other evidence of debt <br />described below and all their extensions, rencwsla, modifications or substitutions. (You must .specificalh identify <br />the debts) sectu'ed and von should oralude the final maturity date of such debt(%).) <br />A Line of Credit Agreement dated 12/03/2002 <br />NEBRASKA HOME EQUITY LINE OF CREDIT DEED OF TRUST Me'lerz =vuA lHi¢C. IrA no VA Uer) C� (pxe,I ( 4) <br />D o <br />p lava emrer,e na "c . Inc . nlccod vn -aim o¢ -u cos ✓ <br />an <br />C465INE) III r va u e: - <br />iep.oirry (600) :2 .1,91 <br />