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<br />State of Nebraska 2 0 010 5 41 Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />200103055 (With Future Advance Clause)
<br />IN Construction Security Agreement
<br />I. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. 1.............
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: John J. Pavey and Connie S. Pavey, Husband and Wife
<br />1008 W 8th ST
<br />Grand Island, NE 68801
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<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 68802.5138
<br />47. 0098350
<br />BENEFICIARY: Heritage Bank
<br />1333 N. Webb Road
<br />P.O. Box 5138
<br />Grand Island, NE 68802.5138
<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:
<br />LOT TWO (2), BLOCK TWENTY —ONE (21), ORIGINAL TOWN OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in ................................. Flal l ............................... at 0.115. E.0 1hU . ..........................
<br />....
<br />(County)
<br />............................. ............................... . ........................... Isla ................... , Nebraska .....................
<br />ran s an 6$SQ1
<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 $ .35,00,00 ....... ............................... . 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 />John & Connie Pavey Heritage Bank note #2310422
<br />NEBRASKA - DEED OF TRUST INOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4)
<br />01994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97
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