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<br />State of Nebraska 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 Dec 04, 2002 _
<br />and fife parties, their addresses and tax identification numbers, if required, are as follows:
<br />IRU91'OR: PHILLIP C. HAMMAR, TRUSTEE. PHILLIP C. HAMMAR REVOCABLE TRUST DATED
<br />AUGUST 19. 1998
<br />4612 TARA PLACE
<br />GRAND ISLAND. NE 68801
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<br />EJ I£ checked, refer to the attached Addendum incorporated herein, for additional Truslors, their signatures and
<br />a cknowlcdgmenls.
<br />TRUS'ITL
<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 />Z. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Truster's 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 35 AND EAST 10 FEET OF LOT 36, RAVENWOOD SUBDIVISION. HALL COUNTY. NEBRASKA
<br />The property is located in Hall at 4612 TARA PLACE
<br />(county)
<br />, _ _ GRAND ISLAND , Nebraska 68801
<br />(Address) (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 $ 98.908.68 . This limitation of amount does not include interest mid other fees
<br />and clurges validly made Putman to this Security Instrument Also, this lintation 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 tins
<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 ail promissory taints), contract(s), gmamy(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (liben 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 12/04/2002
<br />NEBRASKA - DEED Of TRUST MOT FUR FNMA.'KLMC. EHA OR VA Usq �J ��JJ (pie 1 of 4)
<br />0 1994 Bmtm59yslour Inc, 91. Cloud MN (1 800 -]% -2141) Form RE -0r -NE 1Oa707 / ( /m s DA
<br />�$I65(NE) (,,iA) ➢Y VMPM0R1 GAG, l01EMS- (800r21 -1291
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