|
State of Nebraska Space Above Tbis Line For Recording Data r'
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause) 06
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is ................... 4Q-.Q]: ?QoQ................. and the parties and their
<br />addresses are as follows:
<br />TRUSTOR: Four -M, Ltd., A Nebraska Limited Partnership
<br />3042 N. Engleman Road
<br />Grand Island, NE 68803
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road
<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 />2. CONVEYANCE. For good and valuablo 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 />See attached list of legal descriptions EXHIBIT "All
<br />The property is located in ... , ... R a l l...C, o un.ty ....... ............................... at ............................................
<br />(County)
<br />(ZIP ode )
<br />. C
<br />(Address) (City)
<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 $ 80Q,QQO.OQ . . . . ............ . . ....... . .... ......... . 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 />Universal note dated 911100 in the amount of $550,000
<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 />01993 Bapkera6yAeh#,'Iric.,.St. Cloud, MN (1 -800- 397 -2341) Form AG /CO -DT -NE 10/30/97
<br />M
<br />n n
<br />S D
<br />rrl
<br />i)
<br />n
<br />C
<br />M
<br />O
<br />cn cn
<br />O
<br />r .-
<br />X
<br />o
<br />x
<br />ry
<br />Co
<br />r?
<br />co
<br />f)
<br />rn
<br />C:D
<br />n
<br />W
<br />kc,
<br />c;
<br />g,
<br />Q -T1
<br />O
<br />(4
<br />O
<br />c�
<br />rn
<br />=3
<br />r— z
<br />C-D
<br />D
<br />tv
<br />State of Nebraska Space Above Tbis Line For Recording Data r'
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause) 06
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is ................... 4Q-.Q]: ?QoQ................. and the parties and their
<br />addresses are as follows:
<br />TRUSTOR: Four -M, Ltd., A Nebraska Limited Partnership
<br />3042 N. Engleman Road
<br />Grand Island, NE 68803
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road
<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 />2. CONVEYANCE. For good and valuablo 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 />See attached list of legal descriptions EXHIBIT "All
<br />The property is located in ... , ... R a l l...C, o un.ty ....... ............................... at ............................................
<br />(County)
<br />(ZIP ode )
<br />. C
<br />(Address) (City)
<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 $ 80Q,QQO.OQ . . . . ............ . . ....... . .... ......... . 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 />Universal note dated 911100 in the amount of $550,000
<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 />01993 Bapkera6yAeh#,'Iric.,.St. Cloud, MN (1 -800- 397 -2341) Form AG /CO -DT -NE 10/30/97
<br />
|