|
State of Nebraska
<br />Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />0 Master form recorded by
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May 26, 2005
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:KEVIN E PEARSON and SONJA J PEARSON, HUSBAND AND WIFE
<br />4611 E BISMARK ROAD
<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 />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N Locust St
<br />Grand Island, NE 68801
<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 FIVE (5), BLOCK THREE (3). LAKE DAVIS ACRES SUBDIVISION, GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall at 4611 E BISMARK ROAD
<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 $ 25, 000.00 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 Line of Credit. Agreement. dated 05/26/2005
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) 1 (page t of 4)
<br />C M D 1994 88nkers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002 `
<br />1 � - C1-4665(NE) (030 1) VMP MORTGAGE FORMS - (800)521 -7291
<br />rn
<br />n
<br />n
<br />=
<br />�'`
<br />'A
<br />I
<br />7a
<br />C-D
<br />W
<br />sir
<br />v>
<br />�,
<br />U1
<br />C17
<br />«�
<br />cn
<br />CrJ
<br />2
<br />Q
<br />State of Nebraska
<br />Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />0 Master form recorded by
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May 26, 2005
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:KEVIN E PEARSON and SONJA J PEARSON, HUSBAND AND WIFE
<br />4611 E BISMARK ROAD
<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 />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N Locust St
<br />Grand Island, NE 68801
<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 FIVE (5), BLOCK THREE (3). LAKE DAVIS ACRES SUBDIVISION, GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall at 4611 E BISMARK ROAD
<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 $ 25, 000.00 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 Line of Credit. Agreement. dated 05/26/2005
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) 1 (page t of 4)
<br />C M D 1994 88nkers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002 `
<br />1 � - C1-4665(NE) (030 1) VMP MORTGAGE FORMS - (800)521 -7291
<br />
|