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<br />200103363
<br />State of Nebraska
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<br />Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
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<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is ................. 04- 16.2001. , . , . , . . . . . , , ... . . and the parties and their
<br />addresses are as follows:
<br />aka Michael Palu
<br />TRUSTOR: Michael W. Palu and Victoria J. Palu, Husband and Wife
<br />4365 Manchester Road
<br />Grand Island, NE 68803
<br />505 -94 -0725, 507 -88 -8438
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 68801.5138
<br />47- 0098350
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<br />BENEFICIARY: Heritage Bank
<br />1333 North Webb Road
<br />P.O. Box 5138
<br />Grand Island, NE 68802
<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 (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:
<br />Lot One (1), Block One (1), Community 2nd Subdivision, an Addition to the Village of Alda, Hall County, Nebraska
<br />The Northerly Sixty Nine (69) feet of the Westerly Thirty five (35) feet of Lot Five (5) in Block Eight (8) in H.G. Clarks Addition to the City
<br />of Grand Island, Hall County, Nebraska
<br />Theproperty is located in .. ............................... Hall.. ............................... at ............. ...............................
<br />(County)
<br />........................... ..............................I Alda,and Grand ,Island....................., Nebraska ............68803............
<br />(Address) (City) (ZIP Cale)
<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 $ 95,000:00 ....... . ............. . ......... . ...... . 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 />Promissory Note of even date herewith in the name of Michael W. Palu and Victoria J. Palu in the amount of $95,000.00
<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 (1- 800 - 397.2341) Form AG /CO -DT -NE 10/30/97
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<br />Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />0
<br />N
<br />O
<br />F"
<br />O
<br />W
<br />W
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is ................. 04- 16.2001. , . , . , . . . . . , , ... . . and the parties and their
<br />addresses are as follows:
<br />aka Michael Palu
<br />TRUSTOR: Michael W. Palu and Victoria J. Palu, Husband and Wife
<br />4365 Manchester Road
<br />Grand Island, NE 68803
<br />505 -94 -0725, 507 -88 -8438
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 68801.5138
<br />47- 0098350
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<br />60
<br />BENEFICIARY: Heritage Bank
<br />1333 North Webb Road
<br />P.O. Box 5138
<br />Grand Island, NE 68802
<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 (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:
<br />Lot One (1), Block One (1), Community 2nd Subdivision, an Addition to the Village of Alda, Hall County, Nebraska
<br />The Northerly Sixty Nine (69) feet of the Westerly Thirty five (35) feet of Lot Five (5) in Block Eight (8) in H.G. Clarks Addition to the City
<br />of Grand Island, Hall County, Nebraska
<br />Theproperty is located in .. ............................... Hall.. ............................... at ............. ...............................
<br />(County)
<br />........................... ..............................I Alda,and Grand ,Island....................., Nebraska ............68803............
<br />(Address) (City) (ZIP Cale)
<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 $ 95,000:00 ....... . ............. . ......... . ...... . 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 />Promissory Note of even date herewith in the name of Michael W. Palu and Victoria J. Palu in the amount of $95,000.00
<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 (1- 800 - 397.2341) Form AG /CO -DT -NE 10/30/97
<br />
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