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r- <br />r <br />n'r i? 2 a is <br />y m <br />r� x Fic <br />O <br />iti <br />m <br />� n <br />� <br />v "0 <br />_ <br />c� <br />3 <br />r n <br />s <br />j'jI <br />i <br />N <br />i <br />4�i <br />State of Nebraska Space Above This Line For <br />Recording Data <br />Vr <br />172053921 REAL ESTATE DEED OF TRUST <br />, <br />(With Future Advance Clause) <br />ti <br />O Construction Security Agreement <br />Q__ <br />1. <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) isDee 16, <br />2002 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUS'TOR: RICKY L LUDWIG and PAMELA S LUDWIG, . HUSBAND AND WIFE <br />106 W 22ND STREET <br />GRAND ISLAND, NE 68801 <br />El If checked, refer to the attached Addendum incorporated herein, for additional Trusters, <br />their signatures <br />and <br />acknowledlmrents. <br />TRUSTEE: <br />Earl D Ahlschwede. Attorney <br />NE <br />BENEFICIARY: <br />Equitable Federal Savings Bank of Grand Island <br />113115 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 Sccmed Debt (defined below) and Trastor's performance corder 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 SIX (6), BLOCK THREE (3), KNICKREHM FOURTH (4th) ADDITION TO THE CITY OF GRAND <br />ISLAND, HALL COUNTY. NEBRASKA. <br />The property is located in - _ Hall at 106 W 22ND STREET <br />(County) <br />GRAND ISLAND , Nebraska 68801 <br />(Address) (City) (zte 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 replaemseata 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 LFFITT. The total principal amount secured by this Scewity Instrument at any one time <br />shall not exceed $15.000.00 . 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 covenams <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 trends), contract(s), gumanty(s) or other evidence of debt <br />described below and all their extensions, renewals, modifications or substitutions. (You must specivaliv iderrtr A., <br />the debars) secured and you should include the fmal maturity date a/ such debars).) <br />A Line of Credit Agreement dated 12/16/2002 <br />NEBRASKA- N B ME EDU ITY LINE B F C BED D B EED O F TRUST (NCI FOR FNMA. FatMC ntn On vn USr) a e�.lwr <br />C) 1994 FmLq[Syst —i Inc, St Cloud MN Form OCR - REeF -NE IIIJNV <br />(M C41 (11, 9) n4 VM R M OCl GAGE FORMS -(8CO)5]i,749i <br />