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200106908
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />This DEED OF TRUST, is made as of the 9th day of July " 2001
<br />by and among the Trustor, Craig M. McIntyre and Amy M. McIntyre
<br />husband and wife
<br />whose mailing address is 2519 Pioneer Blvd, Grand Island, NE 68801
<br />(herein "Borrower "), the Trustee Spalding City Bank
<br />whose mailing address is Po Box 10, Spalding, NE 68665
<br />(herein "Trustee "), and the Beneficiary, Spalding City Bank
<br />whose address is
<br />PO Box 10, Spalding, NE 68665
<br />(herein "LENDER ")
<br />FOR VALUABLE CONSIDERATION, including the indebtedness identified herein and trust
<br />herein created, the receipt of which is hereby acknowledged, Borrower hereby, irrevocably grants,
<br />transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit
<br />and security of Lender, under and subject to the terms and conditions hereinafter set forth, the
<br />real property, described as follows: '
<br />Lot Fifteen (15) Block E in Parkview Subdivision in the City of Grand Island,
<br />Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon.or in anywise pertaining thereto, and the rents,
<br />issues and profits, reversions and remainders thereof; including, but not limited to, heating and
<br />cooling equipment and such personal property that is attached to the improvements so as to
<br />constitute a fixture, and together with the homestead or marital interests, if anyi which interests are
<br />hereby released and waived, all of which, including replacements and additions thereto, is hereby
<br />declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the
<br />foregoing being referred to herein as the "property".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by
<br />Borrower's note and/or credit agreement dated July 9, 2001 having a maturity date
<br />of , in the original principal amount of One Hundred Fifteen Thousand
<br />$ Dollars no /100- - - - - - - ($115,000.00) - - and,any and all
<br />modifications, extensions and renewals thereof or thereto and any and all future advances and
<br />readvances hereunder pursuant to one or more promissory notes or credit agreements (herein
<br />called "Note "); (b) the payment of other sums advanced by Lender to protect the security of the
<br />Note; (c) the performance all covenants and agreement of Borrower set forth herein; and (d)
<br />all indebtedness and obligations of Borrower to Lender whether direct, indirect, absolute or
<br />contingent and whether arising by note, guaranty, overdraft or otherwise.
<br />Borrower, to protect the security of this Deed of Trust, covenants and agrees with Lender as
<br />follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when dire the principal of
<br />and interest on, and any fees or charges provided in, the Note or in this Deed of Trust.
<br />2. Title. Borrower is the owner of the Property, has the right and authority to convey the
<br />Property, and warrants that the lien created hereby is a first and prior lien on the Property,
<br />except as may otherwise be set forth herein, and the execution and delivery of this Deed of Trust
<br />does not violate any contract or other obligation to which Borrower is subject.
<br />3. Taxes, Assessments. To pay when due all taxes, special assessments and all other charges
<br />against the Property and, upon written demand by Lender, to pay to Lender such amount as may
<br />be sufficient to enable the Lender to pay such taxes, assessments or
<br />other charges as they become due.
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