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200002625
<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />ā Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is ........April . 3., - 000, , , , , , , , , , , , , , , , , and the parties and their
<br />addresses are as follows:
<br />TRUSTOR: JIM C RATHMAN KATHY L RATHMAN
<br />AS HUSBAND AND WIFE 5362 S. US HWY 281
<br />5362 S. US HWY 281 GRAND ISLAND, NE 68803
<br />GRAND ISLAND, NE 68803 Social Security #: 507 -90 -4483
<br />Social Security #: 506 -84 -2261
<br />ā Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: BANK OF WOOD RIVER
<br />P0 BOX 487
<br />WOOD RIVER, NE 68883
<br />Taxpayer I.D. #: 47- 0098350
<br />BENEFICIARY: BANK OF WOOD RIVER dba HERITAGE BANK GRAND ISLAND
<br />Organized and existing under the laws of the state of Nebraska
<br />P.O. BOX 5138
<br />GRAND ISLAND, NE 68802
<br />Taxpayer I.D. #: 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 (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the following described property: NE1/4 NW1/4 12- 10 -10, HALL
<br />COUNTY, NEBRASKA
<br />Theproperty is located in AA LL .............................. ............................... at ............. ...............................
<br />(County)
<br />.............. ............................... . Nebraska ................................
<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 described 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 located on the real estate and all riparian and water rights associated with the Property,
<br />however established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 4 6 , 0 00:.00 ... . ............ . . . . . . . . . ........... This limitation of amount does
<br />not include interest, loan charges, commitment 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 accrued on such advances) made under the
<br />terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed of Trust even
<br />though all or part may not yet be advanced. 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 would need to be agreed to in a separate
<br />writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited 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 />KIM AND KATHY RATHMAN NOTE #2310308 DATED 4/3./00 IN THE AMOUNT OF $46,000 AT
<br />VARIABLE INTEREST RATE (BASE OF 9.25 %) ANNUAL ADJUST, MATURING 4/3/20
<br />,vā
<br />NEBRASKA - AGRICULTURAL /COMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page 1 of 6
<br />©1993 Bankers Systems, Inc., St. Cloud, MN 0 - 800 - 397 -2341) Form AG /CO -DT -NE 10/30/97
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