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TRUSTOR: BRADLEY W SHEARER
<br />CHRISTINA L SHEARER
<br />2204 WOODRIDGE PL
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, 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 Trustor'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 SEVENTEEN (17), BLOCK ONE (1). BRENTWOOD SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in _Hall _ at 2204 WOODRIDGE PL
<br />(county)
<br />GRAND ISLAND , Nebraska 68801
<br />(Address) Way) (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 "Properly").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $20, 700.00 . This 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 security 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 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 identif
<br />the debts) secured and you should include the final maturity date of such debt(9).)
<br />A Line of Credit Agreement dated 12/06/2002
<br />NEBRASKA NOME EBUITY LINE OF CREDIT DEED OF TRUST (NOT FOP FNMA, FHIMC, FTIA OR VA Use) ( e 1 4)
<br />01994 Bankers Sysiond, Inc.. SL Cloud MN Form OCRRENT -NE 1/1309
<br />Ck C411l(99n)u VMP MORTGAGE FORMS -a(l 7291
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<br />State of Nebraska Space Above This Line For
<br />Recording Daly
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isDec 06.
<br />2002
<br />and the parties, their addresses and tax identification numbers, if required, are ac follows:
<br />TRUSTOR: BRADLEY W SHEARER
<br />CHRISTINA L SHEARER
<br />2204 WOODRIDGE PL
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, 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 Trustor'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 SEVENTEEN (17), BLOCK ONE (1). BRENTWOOD SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in _Hall _ at 2204 WOODRIDGE PL
<br />(county)
<br />GRAND ISLAND , Nebraska 68801
<br />(Address) Way) (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 "Properly").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $20, 700.00 . This 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 security 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 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 identif
<br />the debts) secured and you should include the final maturity date of such debt(9).)
<br />A Line of Credit Agreement dated 12/06/2002
<br />NEBRASKA NOME EBUITY LINE OF CREDIT DEED OF TRUST (NOT FOP FNMA, FHIMC, FTIA OR VA Use) ( e 1 4)
<br />01994 Bankers Sysiond, Inc.. SL Cloud MN Form OCRRENT -NE 1/1309
<br />Ck C411l(99n)u VMP MORTGAGE FORMS -a(l 7291
<br />
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