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REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />EJ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isDeC 04, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:KENT L BROWN and PATRICIA J BROWN. HUSBAND AND WIFE
<br />1703 CURTIS ST
<br />GRAND ISLAND. NE 68803 -6128
<br />01f 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 />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 order this Security Instrument, 'Frustor irrevocably
<br />grants, corwcys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT ONE (1), IN WEST BEL AIR FIFTH SUBDIVISION IN THE CITY OF GRAND ISLAND. HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall u1703 CURTIS ST
<br />(county)
<br />GRAND ISLAND , Nebraska .68803 -6128
<br />(Add, —) (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 acrd 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 ere "Property').
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $ 50, 000.00 . This limitation of amour 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 security and to perform any of the covenants
<br />cnntainel 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 note(s), contract(s), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debts) secured and you should include the final maturity date of such debt(,)_)
<br />A Line of Credit Agreement dated 12/04/2002
<br />NEBRASKA HOME EOOtrY LINE OF CREDIT DEED OF TRUST (rear roe FNMA. FHLMC. FHA OR VA USE) ( >P f 4
<br />(D 1994 Barkers sy31ami, ac 5L CIOud. MN Fbrr OCP -RERI NE I;,3N9
<br />®- C965INEI (9902)02 VMV MONI GAGE FORMS - (800)5219291
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<br />— State. of Nebraska
<br />Space Above This Line For Heeort ing
<br />Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />EJ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isDeC 04, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:KENT L BROWN and PATRICIA J BROWN. HUSBAND AND WIFE
<br />1703 CURTIS ST
<br />GRAND ISLAND. NE 68803 -6128
<br />01f 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 />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 order this Security Instrument, 'Frustor irrevocably
<br />grants, corwcys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT ONE (1), IN WEST BEL AIR FIFTH SUBDIVISION IN THE CITY OF GRAND ISLAND. HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall u1703 CURTIS ST
<br />(county)
<br />GRAND ISLAND , Nebraska .68803 -6128
<br />(Add, —) (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 acrd 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 ere "Property').
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $ 50, 000.00 . This limitation of amour 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 security and to perform any of the covenants
<br />cnntainel 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 note(s), contract(s), guaranty(s) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debts) secured and you should include the final maturity date of such debt(,)_)
<br />A Line of Credit Agreement dated 12/04/2002
<br />NEBRASKA HOME EOOtrY LINE OF CREDIT DEED OF TRUST (rear roe FNMA. FHLMC. FHA OR VA USE) ( >P f 4
<br />(D 1994 Barkers sy31ami, ac 5L CIOud. MN Fbrr OCP -RERI NE I;,3N9
<br />®- C965INEI (9902)02 VMV MONI GAGE FORMS - (800)5219291
<br />
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