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<br /> 200000905 �
<br /> State of Nebraska Space Above 7'his Line For Recording Data
<br /> REAL ESTATE DEED OF TRUST
<br /> (With Future Advance Clause) v�
<br /> ❑ Construction Security Agreement s
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust is ........�RUARY„1�,,2000,,,,.,..,,,, and the parties and their S
<br /> acidresses are as follows:
<br /> TRUSTOR: FRID L. SCARBOROUGH SUSAN SCARBOROUGH
<br /> HUSBAND WIFE
<br /> 1823 W JOHL�TT ST 1823 W JOHL�TT ST
<br /> GRAND ISLAND, NE 68803 GRAND ISI�AND, NE 68803
<br /> SOCIAL SECURITY #: 505-78-8991 SOCIAL SECURITY #: 508-82-7177
<br /> ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br /> TRUSTEE: CITIZENS BANK & TRUST CO
<br /> A NEBRASKA CORPORATION
<br /> PO BOX 385
<br /> ST PAUL, NE 68873
<br /> TAXPAYER I.D. #: 47-0125860
<br /> BENEFICIARY: CITIZE[�tS BANK & TRUST C'�ANY
<br /> ORGANIZID AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br /> 721 7TH ST P O BOX 385
<br /> SAINT PAUL, NE 68873
<br /> TAXP�YER I.D. #: 47-0125860
<br /> 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowleclgecl, and to
<br /> secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trust�, in trust for the
<br /> benefit of the Beneficiary, with power of sale, the following described property: IAT 'li� (2), FAIRACRES DAIRY
<br /> FIF'PH SIJBDIVISION, IN 'I'HE CITY OF GRAND ISLAND, fiALI� CdUN'I'Y, NEBRASKA
<br /> T'he property is located in..��............................................................. at ............................................
<br /> (County)
<br /> 429,N...SHADY BIND RD GRAND ISI�IVD................... Nebraska .....68801..................
<br /> ........ ............................ ...................
<br /> (Address) (City) (ZIP Code)
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br /> diversion payments or third party payments made to crop producers, and all existing and future improvements, structures,
<br /> fixtures, and replacements that may now, or at any time in the future, be part of the real estate describecl above (all �
<br /> referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br /> reservoirs, reservoir sites and dams locatec! on the real estate and all riparian and water rights associated with the Property,
<br /> however establishecl.
<br /> 3. MAXIMUM OBLIGATION LIII�IIT. The total rincipal amount of the Sec;ured Debt (hereafter definecl) secured by this
<br /> Deecl of Trust at any one time shall not exceed$ �0�000.,00,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , �is limitation of amount does
<br /> not include interest, loan charges, cc�mmitment fees, brokerage commissions, attorneys' fees and other charges validly
<br /> made pursuant to this Deed of Trust and does not apply to advances (or interest accruecl on such advances) made under the
<br /> terms of this Deecl of Trust to protect Beneficiary security and to perform any of the covenants containecl in this Deecl of
<br /> Trust. Future advances are contemp(ated and, along with other future obligations, are sec;ured by this Deed of Trust even
<br /> though all or part may not yet be advancecl. Nothing in this Deed of Trust, however, shall constitute a commitment to
<br /> make additional or future loans or advances in any amount. Any such commitment woulcl need to be agreed to in a separate
<br /> writing.
<br /> 4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limitecl to, the following:
<br /> A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions,
<br /> renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br /> you include items such as borrowers'names, note amounts, interest rates, maturity dates, etc.)
<br /> NC7i� IN 'PHE ANIOUNT OF $50,000.00 AND DATED 2�1�00. NOTE HAS NION'I'HL�Y PAYMENTTS
<br /> AND HAS A FINAL MAZ'IJRITY DATE OF 2�1�2015 . AND ANy AND ALL DEBTS NCJW O�4VED OR
<br /> 'I�0 BE afnlED BY SCARBOROUGH CONSTRUCTION, INC. OR FRED L. AND�OR SUSAN
<br /> SCARBOROUGH.
<br /> NEBRASKA-AORICULTURAUCOMMERCIAL DEED OF TRUST (NOT FOR FNMA,FHIA�IC,FNA tl�Y�1�1�AND NQ7 f�1 C�I�R PURPOSES) peye 1 of 6
<br /> �.se.,e--'•---�---•--- '-- ... ,.,_., ....,. ..,.,...__,.-••. - --•--
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