200311958 - Laserfiche WebLink

Browse

rte. A� - O rn A c n a� 4 m Z �� rn �'•' r --1 '''' O rn c, - -< o CL 00 —rl o � p Tl O z (�- 1 1 o r 1--+ N I—'�e `() co n 3 \' _!✓ �i v Cn co J C) State of Nebraska Space Above This Line For Recording Data 172054168 REAL ESTATE DEED OF TRUST \. (With Future Advance Clause) Construction Security Agreement Q Master form recorded by________________ _ _ 1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Sep -----2003 -------------------- 03 �- and the parties, their addresses and tax identification numbers, if required, are as follows: TRUSTOR:EMIL H RIPP and KATHLEEN I RIPP, HUSBAND AND WIFE 506 SOUTH SAID STREET CAIRO, NE 68824 Off checked, refer to the attached Addendum incorporated herein, for additional Trustors, 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, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: LOTS THREE (3) AND FOUR (4) IN BLOCK THREE (3) IN THE FOURTH ADDITION TO CAIRO, HALL COUNTY, NEBRASKA. The property is located in _ Hall ------------ ___ -__ at 50_6_ SOUTH -SAID -STREET __--- (County) -- ------- - - - - -- CAIRO , Nebraska 68824 (Address) (City) (ZIP Code) Together with all rights, easements, 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. MAX MUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall not exceed $ 20,_ 00 - 0.00 _ _ _ _ - - - _. This limitation of amount does not include interest and other fees and charges validly ade pursuant to this Security Instrument. Also, this 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 note(s), contract(s), guaranty(ies) 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 debt(s).) A Line of Credit Agreement dated 09/03/2003 NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) „ (page )I Of 4) C� 0 1994 Bunkers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002 dM-C/4665(NE) (0301) VMP MORTGAGE FORMS - (800)521 -7291