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<br />State of Nehraska
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Sccurity Ag.-cclt1cnt
<br />
<br />1.
<br />
<br />D Master form recorded by
<br />DATE ANn PARTIES. The d~t~ of this Deed oi;I;~'I;t-(S~~~rity'-I-;l~t~~~le~t)-i-s-Jan 18,.2006
<br />and the parties, their addresses and tax identification numbers, if required, arc as-f~il~~~: - -"
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<br />TRUSTOR: GREGORY A MEAD, TRUSTEE OF THE GREGORY A MEAD LIVING REVOCABLE TRUST and
<br />KATHLEEN E MEAD, TRUSTEE OF THE KATHLEEN E MEAD LIVING REVOCABLE TRUST
<br />4215 N AIRPORT RD
<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 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 suftlciency of which is acknowledged, ,1I1d to
<br />secure the Secured Debt (dellned bclow) 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 />SEE ATTACHED EXHIBIT "A".
<br />
<br />The property is located in _ _ __ __ ___ _
<br />
<br />at 4215 AIRPORT RD
<br />
<br />Hall
<br />
<br />(County)
<br />
<br />(Address)
<br />
<br />GRANDI_S_~~
<br />(City)
<br />
<br />, Nebraska
<br />
<br />68803
<br />(ZIP Code)
<br />
<br />Together with all rights, casements, 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 $ ~ 7,370.07_ _ _ . 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. (lVhen referencinf? the debts below it is
<br />sUf?f?ested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 01/18/2006
<br />
<br />NEBRASKA" DEED OF TRUST (NOT FOR FNMA, FHLMC, F~iA OR VA USE)
<br />Exfie~ 0 1994 B,nkcrs Systems. Ino_. St. Cloud, MN rorm RE-DT-NE 1/30/2002
<br />. -C165(NE) (0301) VMP MORTGAGE FORMS - IBOOI5~1-7291
<br />@
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