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<br />
<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />806232 DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by __ __ _ __ __ _ _ __ __ _ _ _ __ _ __ __ __ __ __ _ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is 99_t_ _2_1-,_.
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />Qo.5o
<br />
<br />2005
<br />
<br />TRUSTOR: GORDON H PEDERSEN and PAMELA M PEDERSEN, HUSBAND AND WIFE
<br />
<br />1523 N SYCAMORE ST
<br />GRAND ISLAND, NE 68801
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />Equitable Federal savings Bank of Grand Island
<br />113-115 N Locust St
<br />Grand Island, NE 68801
<br />
<br />BENEFICIARY:
<br />Equitable Federal Savings Bank of Grand Island
<br />113-115 N. Locust Street Grand Island, NE 68801-6003
<br />
<br />Organized and Existing Under the Laws of The State of Nebraska
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and suftlciency 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 5, IN BLOCK 83, IN WHEELER AND BENNETT'S FOURTH ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, ACCORDING TO THE RECORDED PLAT THEREOF.
<br />
<br />(Address)
<br />
<br />HalJ_ _ _ _ _ _ _ _ ___
<br />(County)
<br />, _ _ _ _ _ _ _ _G.~ .. ~~~N1P___
<br />(City)
<br />
<br />at 1523_ _t! Jr~C;~ORE_ Jrt _ _ _ __
<br />
<br />The property is located in _ __
<br />
<br />_ __ _ , Nebraska _ __ __ ~?.!301 _ ____
<br />(ZIP Code)
<br />
<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 />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall
<br />not exceed $ .!3?_,_0_8_5. 5Q _ _ _ _ _ _ _ . _ _ _ _ _ _ _ _ . 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 ~'UTURE 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 below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, ete.)
<br />A promissory Note dated 10/21/2005
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ CD 1994 Bankers Systems, Ine" St. Cloud, MN Form RE-OT-NE 1/30/2002 j ,
<br />G -C165(NEII0301} VMP MORTGAGE FORMS - (80bI521-7291
<br />@
<br />
<br />L(PO~4'
<br />
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