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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 />2. 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 />THE SOUTHERLY SEVENTY TWO (72) FEET OF LOT FIVE (5). BLOCK EIGHTY SEVEN (87),
<br />ORIGINAL TOWN. NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall at 420 W DIVISION ST
<br />(County)
<br />GRAND ISLAND , Nebraska 68801
<br />(Aldrus) (City) (ZIP Codc)
<br />Together with all rights, casements, 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 $ 15.070.50 . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation 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 this
<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 all promissory note(s), contract(s), guaranry(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When 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 12/21/2002
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA. FHEMCjrA OR VA USE) I pt q)
<br />0 1994 BmNen Systens.lne. St Cloud MN (IAOOd' 97 -2041) Form RE -eT -NE IOWN7
<br />®® C1651NEi(9e Oa)o1 VMP MORTGAGE FORMS - (900)5217291 _
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<br />State of Nebraska Space Above Phis Line For
<br />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
<br />Dec 21.
<br />2002..
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />T'RUSTOR: GAIL W LEETCH, AN UNMARRIED PERSON
<br />115 S CEDAR ST
<br />GRAND ISLAND, NE 68801
<br />s
<br />01f checked, refer to the attached Addendum incorporated herein, for
<br />additional
<br />Trustors,
<br />their signatures
<br />and
<br />d
<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 />2. 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 />THE SOUTHERLY SEVENTY TWO (72) FEET OF LOT FIVE (5). BLOCK EIGHTY SEVEN (87),
<br />ORIGINAL TOWN. NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall at 420 W DIVISION ST
<br />(County)
<br />GRAND ISLAND , Nebraska 68801
<br />(Aldrus) (City) (ZIP Codc)
<br />Together with all rights, casements, 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 $ 15.070.50 . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation 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 this
<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 all promissory note(s), contract(s), guaranry(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When 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 12/21/2002
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA. FHEMCjrA OR VA USE) I pt q)
<br />0 1994 BmNen Systens.lne. St Cloud MN (IAOOd' 97 -2041) Form RE -eT -NE IOWN7
<br />®® C1651NEi(9e Oa)o1 VMP MORTGAGE FORMS - (900)5217291 _
<br />
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