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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jul 24, 2002
<br />and the parties, their addresses mid tax identification numbers, if required, are as follows:
<br />TRUSTOR: TERRY G MUIR and RITA E MUIR, HUSBAND AND WIFE
<br />312 COMMANCHE AVE
<br />GRAND ISLAND, NE 68803 -3811
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<br />01f checked, refer to the attached Addendum incorporated herein, for additional Ttustors, their signatures and
<br />acknowledgments.
<br />IRUS'fEE-
<br />Earl D Ahlschwede, Attorney
<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), IN BLOCK ONE (1), IN DALE ROUSH SECOND SUBDIVISION, IN THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in Hall at 312 COMMANCHE AVE
<br />(County) - -- - - - - -
<br />GRAND ISLAND , Nebraska 68803-3811
<br />(Address) (City) ( /IP 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 Inshurnent at any one time shall
<br />not exceed $ 20, 855.46 . 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 Ins
<br />ttument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terns of all promissory note(s), contract(s), guaranty(s) of other evidence of debt described
<br />below and all their extensions, renewals, modifications of substitutions. (Rhen referencing the debts helow it is
<br />suggested that you include items such w honoitvrv' namev, note amounts, interest rates, mataritr elalev, ch.)
<br />A Promissory Note dated 07/24/2002
<br />NEBRASKA - DEED OF TRUST NOT FOR FNMA, FHrMC. FHA OR VA USE) (page-! of 4)
<br />Q 1994 Bankers Systems, Inc -. S:. C'ouo. MN :1 800 -39] -2841, Farm RE DT NE 19!2]19]
<br />- 0165(NE) (9eoa)ol VMP MORTGAGE FORMS - 1800,521 -7291
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<br />Data -
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jul 24, 2002
<br />and the parties, their addresses mid tax identification numbers, if required, are as follows:
<br />TRUSTOR: TERRY G MUIR and RITA E MUIR, HUSBAND AND WIFE
<br />312 COMMANCHE AVE
<br />GRAND ISLAND, NE 68803 -3811
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<br />01f checked, refer to the attached Addendum incorporated herein, for additional Ttustors, their signatures and
<br />acknowledgments.
<br />IRUS'fEE-
<br />Earl D Ahlschwede, Attorney
<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), IN BLOCK ONE (1), IN DALE ROUSH SECOND SUBDIVISION, IN THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in Hall at 312 COMMANCHE AVE
<br />(County) - -- - - - - -
<br />GRAND ISLAND , Nebraska 68803-3811
<br />(Address) (City) ( /IP 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 Inshurnent at any one time shall
<br />not exceed $ 20, 855.46 . 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 Ins
<br />ttument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terns of all promissory note(s), contract(s), guaranty(s) of other evidence of debt described
<br />below and all their extensions, renewals, modifications of substitutions. (Rhen referencing the debts helow it is
<br />suggested that you include items such w honoitvrv' namev, note amounts, interest rates, mataritr elalev, ch.)
<br />A Promissory Note dated 07/24/2002
<br />NEBRASKA - DEED OF TRUST NOT FOR FNMA, FHrMC. FHA OR VA USE) (page-! of 4)
<br />Q 1994 Bankers Systems, Inc -. S:. C'ouo. MN :1 800 -39] -2841, Farm RE DT NE 19!2]19]
<br />- 0165(NE) (9eoa)ol VMP MORTGAGE FORMS - 1800,521 -7291
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