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<br />State of Nebraska Space Above This Line For Recording llata
<br />CORRECTIVE
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is ..................10.- 15.2000
<br />addresses are as follows:
<br />TRUSTOR: Timothy R., Thomas. W. & Joseph P. O'Neill
<br />1732 N Huston
<br />Grand Island, NE 68803
<br />................ and the parties and their
<br />X Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Heritage Bank
<br />P 0 Box 5138
<br />Grand Island, NE 68802
<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 (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 propperrttyy-
<br />The West Half of the Northwest Quarter of the Southeast Quarter (W112NW114SE114), the North Half of the Northwest Quarter of the
<br />Southwest Quarter of the Southeast Quarter (N 1 12NW1 14SW1 14SE1 14), the Southwest Quarter of the Southwest Quarter of the
<br />Southeast Quarter (SW114SW114SE114), the South Half of the Northwest Quarter of the Southwest Quarter of the Southeast Quarter
<br />(S 112NW114SW1 ASE 114) all in Section Twenty -One (2 1) Township Eleven (11) North, Range Nine (9) West of the 6th PM, Hall County
<br />Nebraska, excepting therefrom tracts of land more particuarly described in Deed recorded in Book 99 Page 682 and Quitclaim Deed recorded **
<br />Theproperty is located in .. ............................... Hall.. ............................... at ............. ...............................
<br />(County)
<br />........ ............ ....................... . Nebraska ................................
<br />Code
<br />................
<br />..............................
<br />* *in Book 137, 0998 225 and Warranty Deedttyrec©rded in Book 144, (ZIP Page ) 244 and
<br />Warranty De d,g recorded as
<br />PD c l'by eg ei 1Q ggms3 „oil and gas rights, crops, timber, all
<br />Together with all rights, easements, a ur ena ,
<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 $ 16Q 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 />Heritage Bank note dated 10123100 for $160,000 executed by Thomas, Joseph, and Timothy O'Neill due 4.1.2006.
<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 11. 800.397 -2341) Form AG /CO -DT -NE 10/30/97
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