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TRUSTOR:BRIAN J MCMAHON and LORI A MCMAHON, HUSBAND AND WIFE
<br />4077 ZOLAA LANE
<br />GRAND ISLAND, NE 68803
<br />01f checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N Locust St
<br />Grand Island, NE 68801
<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 />SEE ATTACHED EXHIBIT "A"
<br />The property is located in Hal 1 at W 112, NE 1/4, 1 -10 -10
<br />(County)
<br />GRAND ISLAND Nebraska 68801
<br />(Address) (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 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
<br />shall not exceed $ 400, 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 litnitation 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(ics) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debt(s) secured and you should include the final maturity date of' such debt (s).)
<br />A Promissory Note dated 04/07/2005
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) page
<br />®"' (D 1994 Bankers Systerns, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002 f%
<br />-C465(NE) (030 1) VMP MORTGAGE FORMS - (800)521 -7291
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<br />173051138 REAL ESTATE DEED OF TRUST
<br />THIS INSTRUMENT CONSTITUTES A
<br />(With Future Advance Clause)
<br />CONSTRUCTION
<br />SECURITY
<br />INTEREST
<br />® Construction Security Agreement
<br />UNDER THE NEBRASKA CONSTRUCTION
<br />El Master form recorded by
<br />LIEN ACT.
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />Apr 07, 2005
<br />and the parties, their addresses and tax identification numbers, if required, are as
<br />follows:
<br />TRUSTOR:BRIAN J MCMAHON and LORI A MCMAHON, HUSBAND AND WIFE
<br />4077 ZOLAA LANE
<br />GRAND ISLAND, NE 68803
<br />01f checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N Locust St
<br />Grand Island, NE 68801
<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 />SEE ATTACHED EXHIBIT "A"
<br />The property is located in Hal 1 at W 112, NE 1/4, 1 -10 -10
<br />(County)
<br />GRAND ISLAND Nebraska 68801
<br />(Address) (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 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
<br />shall not exceed $ 400, 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 litnitation 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(ics) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debt(s) secured and you should include the final maturity date of' such debt (s).)
<br />A Promissory Note dated 04/07/2005
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) page
<br />®"' (D 1994 Bankers Systerns, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002 f%
<br />-C465(NE) (030 1) VMP MORTGAGE FORMS - (800)521 -7291
<br />ID
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