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V
<br />r' State of Nebraska
<br />805514
<br />Space Above T'bis Line For Recording Data
<br />DEED OF TRUST
<br />(with Future Advance Clause)
<br />El Construction Security Agreement
<br />Master form recorded by__ __ _____________ _ ------------ ---- ---- --
<br />DATE. AND PARTIES. The date of this Deed of Trust (Security Instrument) is Oct_ 30 ,_ 2003 --------------
<br />_
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: TODD D GALLION AND COLLEEN C GALLION, HUSBAND AND WIFE,
<br />2535 DEL MONTE AVE
<br />GRAND ISLAND, NE 68803 -6329
<br />n If checked, refer to the attached Addendum incorporated herein, for additional Truslors, their signatures and
<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 Truster's performance under this Security Instrument, Trustor irrevocably
<br />grains, conveys and sells to Trustee, in trust for the benefit of Beneficiary , with power of sale, the following described
<br />property:
<br />THE NORTHERLY NINETY -THREE FEET (N93') OF LOT ONE (1) AND THE EASTERLY FOURTEEN FEET
<br />(E14') LOT TWO (2) IN BLOCK ONE HUNDRED FOURTEEN (114) RAILROAD ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />AND
<br />LOT SEVEN (7) IN FRACTIONAL BLOCK SEVEN (7). IN WALLICH'S ADDITION TO THE CITY OF
<br />GRAND ISLAND. HALL COUNTY. NEBRASKA.
<br />The property is located in -------------- Ma-13 _ ----------- at 803__W__3_RD AND 1018.W 7TH___
<br />(Counts)
<br />ST_ ____ , .___ -_- GRAND_ ISLAND__-- ___ - -, Nebraska ..... 68801 ___
<br />(Aaar�s) (cry) (ziF cnae)
<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 shall
<br />not exceed $ 40, 101.-5-0 - - -------- . 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), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts beloar it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 10/30/2003
<br />NEBRASKA -DEED OF TRUST war POa FNMA, FNEMG, inn On vn usn / 1page]oM1
<br />Lx�rli ID 199G ee"Eeo $,moors, Inc.'o Claud. MN' , PE -0FNt 1/30I30n0 ` ._
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<br />Space Above T'bis Line For Recording Data
<br />DEED OF TRUST
<br />(with Future Advance Clause)
<br />El Construction Security Agreement
<br />Master form recorded by__ __ _____________ _ ------------ ---- ---- --
<br />DATE. AND PARTIES. The date of this Deed of Trust (Security Instrument) is Oct_ 30 ,_ 2003 --------------
<br />_
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: TODD D GALLION AND COLLEEN C GALLION, HUSBAND AND WIFE,
<br />2535 DEL MONTE AVE
<br />GRAND ISLAND, NE 68803 -6329
<br />n If checked, refer to the attached Addendum incorporated herein, for additional Truslors, their signatures and
<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 Truster's performance under this Security Instrument, Trustor irrevocably
<br />grains, conveys and sells to Trustee, in trust for the benefit of Beneficiary , with power of sale, the following described
<br />property:
<br />THE NORTHERLY NINETY -THREE FEET (N93') OF LOT ONE (1) AND THE EASTERLY FOURTEEN FEET
<br />(E14') LOT TWO (2) IN BLOCK ONE HUNDRED FOURTEEN (114) RAILROAD ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />AND
<br />LOT SEVEN (7) IN FRACTIONAL BLOCK SEVEN (7). IN WALLICH'S ADDITION TO THE CITY OF
<br />GRAND ISLAND. HALL COUNTY. NEBRASKA.
<br />The property is located in -------------- Ma-13 _ ----------- at 803__W__3_RD AND 1018.W 7TH___
<br />(Counts)
<br />ST_ ____ , .___ -_- GRAND_ ISLAND__-- ___ - -, Nebraska ..... 68801 ___
<br />(Aaar�s) (cry) (ziF cnae)
<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 shall
<br />not exceed $ 40, 101.-5-0 - - -------- . 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), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts beloar it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 10/30/2003
<br />NEBRASKA -DEED OF TRUST war POa FNMA, FNEMG, inn On vn usn / 1page]oM1
<br />Lx�rli ID 199G ee"Eeo $,moors, Inc.'o Claud. MN' , PE -0FNt 1/30I30n0 ` ._
<br />CkCIGSINEI 113011 VMP MORTGPGEFOPM5 Iosrllll'Is'
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