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<br />State of Nebraska Space AboAFThis Line For Recording 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 .................1 2:28: 2000............ , ... _ \0
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Jason Andrew Franssen and Dixie Franssen, HUSBAND AND WIFE
<br />106th W 12th Street
<br />Wood River, NE 68883
<br />508 - 84.0884, 506 -02 -4352
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Heritage Bank
<br />110 E 9th Street
<br />Wood River, NE 68883
<br />47. 0098350
<br />BENEFICIARY: Heritage Bank
<br />110 East 9th Street
<br />P.O. Box 487
<br />Wood River, NE 68883
<br />47- 0098350
<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: Lot 10 (ten) and East 20' (twenty feet) of Lot 9 (nine), Block 5 (five)"City of Wood River, formerly the Village of Wood River.
<br />First Addition to the I-IallCounty,
<br />Nebraska.
<br />The property is located in . ............................... Hall . at 106th W.12th Street,.,.,.............. ..
<br />(County)
<br />............................. ............................... . . ................... .. Wood ... Rive.r . .................. , Nebraska ........68883........
<br />.....
<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 shall
<br />not exceed $ 16, QOQ; 00, , , , , , , , , , , , , , , , , , , , , , , , , , ,, , , , , , , , , , ,,, 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 referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Heritage Bank Line of Credit Loan in the amount of $15,000 and dated 12.28 -2000.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4)
<br />©1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97
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