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<br />Slale of Nebraska
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<br />
<br />DEED OF TRUST
<br />(With lj'uture Advance Clause)
<br />D Construdion Security Agreement
<br />
<br />1.
<br />
<br />D Master form ,'ecorded by_ __ __ __ _ _ ____ _ __ ___ __ _ _ _ _ __
<br />DATE AND PARTIES, The date of this Deed of Trust (Security Instrument) is Jan 10,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />2006
<br />
<br />TRUSTOR: RONALD V RATHJEN and CHARLENE R RATHJEN, HUSBAND AND WIFE
<br />
<br />515 N SHERMAN AVE
<br />GRAND ISLAND, NE 68803-4242
<br />
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<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 BANK
<br />113-115 N LOCUST ST
<br />GRAND ISLAND, NE 68801
<br />
<br />BENEFICIAR Y:
<br />EQUITABLE BANK
<br />PO BOX 160, 113-115 N LOCUST ST GRAND ISLAND, NE 68802-0160
<br />
<br />2. CONVEY ANCE. 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 TWENTY-SIX (26) AND THE SOUTH FOURTEEN (S 14) FEET OF LOT TWENTY SEVEN (27) IN
<br />WEST HEIGHTS SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />The property if; located in
<br />
<br />Hall
<br />(County)
<br />
<br />at 515 N SHERMAN AVE
<br />
<br />(Address)
<br />
<br />GRAND ISLAND
<br />. __ n .n n _ _.. _ _ ..
<br />(City)
<br />
<br />, Nebraska
<br />
<br />68803-4242
<br />. -..-. .......
<br />
<br />(ZIP Cork)
<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, ami 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 $ 30,062.15_ . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instmment. 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. "nIe term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the termf; of all promissory llote(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When relerencinR the debts be/ow it is
<br />sURRested that you include items such as borrmvers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 01/10/2006
<br />
<br />NEBRASKA - DEED OF TRUST INOT FOR FNMA. FHLMC. FHA OR VA lJSEI
<br />Ex:j'ie~ 0 1994 Bankers f;ystoms. Inc.. St. Clolld. MN Form RE-DT NE 1/30/2002
<br />. -C165(NE) (0301) VMP MORTGAGE FORMS - (800)5217291
<br />~
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