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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data V
<br />
<br />DEED OF TRUST ')
<br />(With Future Advance Clause)
<br />D Construction Security Agreement C7 '\:
<br />D~~~~ ~
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Qc~ 05_! 2005 ___ _ ___ __ __ ~,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR: PASCHAL R MCPHILLIPS, AN UNMARRIED PERSON and MARSHA K TRUELL, AN UNMARRIED
<br />
<br />1740 S INGALLS
<br />GRAND ISLAND, NE 68803
<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 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 />
<br />LOT FIVE (5), BLOCK TWO (2), WEST BEL AIR FOURTH ADDITION TO THE CITY GRAND ISLAND,
<br />
<br />HALL COUNTY, NEBRASKA
<br />
<br />The property is located in _ _ _ _ _ _ _ _
<br />
<br />Hall
<br />-----------.
<br />(County)
<br />
<br />at 1740 S INGALLS
<br />--------
<br />
<br />(Address)
<br />
<br />GRAND ISLAND
<br />-------
<br />(City)
<br />
<br />, Nebraska_ ___
<br />
<br />68803
<br />------
<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.,085.59 _ _ _ _ _ _ _ _ _ __ _ . 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 below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 10/05/2005
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ 01994 Bankers Systems, Inc" St. Cloud. MN Form RE.oT NE 1/30/2002
<br />.. -C1651NEI (03011 VMP MORTGAGE FORMS - (B00l521-7291
<br />@
<br />
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