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<br />State of Nebraska
<br />806247
<br />
<br />Space Above This Line For Recording Data
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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by _ _ _ _ _ _ __
<br />I. DATE AND PARTIES. The date of this Deed of Tru;t-(Se~u;ity- I~~tr~~e~t)-i~ -J';'~ -ii-, - -2006 - - - - - - - - - - - - - - - - - --
<br />and the parties, their addresses and tax identification numbers, if required, are as follo\V~~ - - - - - - - - - - - - - - - - - --
<br />
<br />TRUSTOR: LARSON CONSTRUCTION, INC. , DAVID L LARSON, PRESIDENT and DAVID L LARSON
<br />
<br />505 LINDEN AVE
<br />GRAND ISLAND, NE 68801
<br />
<br />",(, /__--L)
<br />,,>j.:J -
<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 />BENEFICIARY:
<br />EQUITABLE BANK
<br />113-115 N. LOCUST ST GRAND ISLAND, NE 68801-6003
<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 Benet1ciary, with power of sale, the following described
<br />property:
<br />LOT TWO HUNDRED TWO (202) WEST LAWN ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />
<br />The property is located in _ _ _ _
<br />
<br />at 1424 N HUSTON AVE
<br />------. ------------.
<br />
<br />Hall
<br />-.---------.-. .. -----------
<br />(County)
<br />
<br />------ ,
<br />
<br />l;1~A~12 __ !~!-!oND __ _ __ __ , Nebraska __ __ _ 6880~__ ____
<br />(City) (ZIP Code)
<br />
<br />(Address)
<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 $ .7_8--,_2_8_5.50 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . 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 referencinf? the debts below it is
<br />suggested that you include item~ such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 01/11/2006
<br />
<br />NEBRASKA - DEED DF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ 01994 Bankers Systems, Ine" St_ Cloud, MN Form RE-OT-NE 1/30/2002
<br />.. -C165(NE) (03011 VMP MORTGAGE FORMS -18001521-7291
<br />@
<br />
<br />~e 10(4)
<br />
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