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M m S v: f 1 ci r m u c, u I� C z Q o r o z ^ H O ' US, o 3 n s Q Co N d t N 2 N 1 State of Nebraska Space Above This Line For Recording Data REAL ESTATE DEED OF TRUST (With Future Advance Clause) El Construction Security Agreement 1. DATE AND PARTIES. The date of this Deed of Tmst (Security instrument) isDec 10, 2002 and the parties, their addresses and tax identification numbers, if required, are as follows: TRUSTOR:GREGORY T AUSTIN and GAY L AUSTIN. HUSBAND AND WIFE 3112 KENNEDY WAY GRAND ISLAND. NE 68803 If checked, refer to the attached Addendum incorporated herein, for additional Tmstors, their signatures and acknowledgments. TRUSTEE: Earl D Ahlschwede, Attorney NE BENEFICIARY: Equitable Federal Savings Bank of Grand Island 113 -115 N. Locust Street Grand Island, NE 68801 -6003 Organized and Existing Under the Laws of The State of Nebraska 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Truster irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: LOT TEN (10) COLONIAL ESTATES 5TH SUBDIVISION TO THE CITY OF GRAND ISLAND. HALL COUNTY, NEBRASKA The property is located in _ Hall _ _ _ at 3112 KENNEDY WAY (cowry) GRAND ISLAND _ , Nebraska 68803 (Address) (City) (ZIP ('ads) Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property"). 3. MAXIMUM OBLIGATION LIMIT. The total principal amount seemed by this Security Instrument at any one time shall not exceed $15, 000.00 . This limitation of amount does not include interest and other fees and charges validly made pursuant to this Security Instrument. Also, [his limitation does not apply to advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this Security Instrument. 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: A. Debt incurred under the terms of all promissory notc(s), wnnact(s), guaranty(s) or other evidence of debt described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify the debt(s) secured and you should include the final maturity date of such debars).) A Line of Credit Agreement dated 12/10/2002 NEBRASKA HOME EaUBY LINE OF CREDIT NEED OF TRUST (NOT FOR ENMA, Fstmc, FHA OF VA USE) fh aRoge I of 4) © 1994 amkwf Systems Inc. it Cloud MN Form OCP- REDT -NE T 113 R9 1�G /I /2l /�� -- CkC4661NE)M02)02 VMP MORTGAGE FORMS, d00r2T -]291 m