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0 Master form recorded by _ _ ._ _ <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Aug _03, . 200_5--------------- <br />_ <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR:TRENT J LIERMAN and KATHERINE K LIERMAN, HUSBAND AND WIFE. <br />4233 NEVADA AVE <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: r4llle(9) % X.V <br />LOT BLOCK TWO (2), WOODLAND PARK SECOND SUBDIVISION, IN THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in _ _ _ _ _ _ _ Hal] _ _ _ _ _ _ _ . _ _ _ _ at 4172_ MICHIGAN_ AVE <br />(County) <br />, _______ GRAND ISLAND _ _ , Nebraska___ 6.8803__ <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 $ 152, 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 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(ies) 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 Nate dated 08/03/2005 <br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1, of 4) <br />C-/-� M p 1994 Bankers Systems, Inc., St. Cloud, MN Farm OCP- REDT -NE 1130(2002 <br />dM -C465(NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291 <br />C7 f/> <br />m <br />1IT <br />�� <br />t7 Z <br />L? <br />rn <br />Cn <br />�4 <br />t..n 1 ..,.. r— <br />=3 <br />C o <br />co <br />v) <br />^ " <br />N <br />Cri <br />__. <br />200507580 <br />Space Above This Line For Recording Data <br />�•.,` <br />State of Nebraska <br />373051161 <br />j <br />THIS INSTRUMENT CONSTITUTES A cam, <br />REAL ESTATE DEED OF TRUST <br />CONSTRUCTION SECURITY <br />INTEREST <br />(With Future Advance Clause) UNDER THE NEBRASKA CONSTRUCTION <br />® Construction Security Agreement LTEN ACT <br />0 Master form recorded by _ _ ._ _ <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Aug _03, . 200_5--------------- <br />_ <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR:TRENT J LIERMAN and KATHERINE K LIERMAN, HUSBAND AND WIFE. <br />4233 NEVADA AVE <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: r4llle(9) % X.V <br />LOT BLOCK TWO (2), WOODLAND PARK SECOND SUBDIVISION, IN THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in _ _ _ _ _ _ _ Hal] _ _ _ _ _ _ _ . _ _ _ _ at 4172_ MICHIGAN_ AVE <br />(County) <br />, _______ GRAND ISLAND _ _ , Nebraska___ 6.8803__ <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 $ 152, 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 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(ies) 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 Nate dated 08/03/2005 <br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1, of 4) <br />C-/-� M p 1994 Bankers Systems, Inc., St. Cloud, MN Farm OCP- REDT -NE 1130(2002 <br />dM -C465(NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291 <br />