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State of Nebraska cca�nn Space Above This Line
<br />This instrument constitutes ESTATE DL:ED OF1t�cSerest
<br />[1730506941
<br />For Recording Data C
<br />under the Nebraska
<br />Construction Lien Act.
<br />(With Future Advance Clause)
<br />® Construction Security Agreement l
<br />L Master form recorded by _ - _ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Nov 20 , 2003
<br />--._---------------- .. - - - --
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:JUSTIN P PFENNING and VALERIE S PFENNING, HUSBAND AND WIFE,
<br />803 S PINE ST
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, 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 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 />LOT FORTY -ONE (41), INDIANHEAD SEVENTH SUBDIVISION IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />The property is located in _ _ - _ _ _ Hal_1_ _ _ _ _ _ _ at 3011 BIGHORN _PLACE _ _ _
<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 $ 153,800.00 _ _ _ _ _ _ _ _ . 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 Note dated 11/20/2003
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) '� tpagve
<br />Ej( , (D 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002 J 1
<br />�-C465(NE) (030 1) VMP MORTGAGE FORMS - (800)521 -7291
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<br />State of Nebraska cca�nn Space Above This Line
<br />This instrument constitutes ESTATE DL:ED OF1t�cSerest
<br />[1730506941
<br />For Recording Data C
<br />under the Nebraska
<br />Construction Lien Act.
<br />(With Future Advance Clause)
<br />® Construction Security Agreement l
<br />L Master form recorded by _ - _ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Nov 20 , 2003
<br />--._---------------- .. - - - --
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:JUSTIN P PFENNING and VALERIE S PFENNING, HUSBAND AND WIFE,
<br />803 S PINE ST
<br />GRAND ISLAND, NE 68801
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, 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 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 />LOT FORTY -ONE (41), INDIANHEAD SEVENTH SUBDIVISION IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />The property is located in _ _ - _ _ _ Hal_1_ _ _ _ _ _ _ at 3011 BIGHORN _PLACE _ _ _
<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 $ 153,800.00 _ _ _ _ _ _ _ _ . 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 Note dated 11/20/2003
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) '� tpagve
<br />Ej( , (D 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002 J 1
<br />�-C465(NE) (030 1) VMP MORTGAGE FORMS - (800)521 -7291
<br />
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