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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> REAL �STATE DEED OF TRUST ��
<br /> (With�ture Advance Clause) �
<br /> ❑ Construction Security Agreement
<br /> 1. DATE AND PAR'I'IES. The date of this Deed of Trust is .......T?�'�?.3 0,,..1999............... and the parties and their
<br /> addresses are as follows:
<br /> TRUSTOR: '��el Builders, Inc.
<br /> P.O. Bax 247
<br /> Wood River, NE 68883-0247
<br /> Taxpayer I.D. #: 47-0529047
<br /> ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br /> TRUSTEE: Ba�"11c of Wood River
<br /> P.O. Box 487
<br /> Wood River, Ne 68883
<br /> Taxpayer I.D. #: 47-0098350
<br /> BENEFICIARY: �K OF WOOD RIVER dba HERRITAGE BANK C�ID ISI�F,I�ID
<br /> On�anized and existing under the laws of the state of Nebraska
<br /> P.O. B�OX 5138
<br /> GRAl�ID ISLAl�ID, NE 68802
<br /> Ta�ayer I.D. #: 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: Parcel One - South 44' of
<br /> Lot 11 and all of Lot 12, Block 20, Original Town of Wood River, Hall County,
<br /> Nebraska.
<br /> Parcel 'It� - Lr�t 1, Block 27, Town of Wood River, Hall County, Nebraska.
<br /> 1fieproperty is located in ..HALL............................................................. at ............................................
<br /> (Counry)
<br /> 806,West,,and,902 Main Wood River...................... Nebraska .....68883.;0247.........
<br /> ................................. ..................
<br /> (Address) (City) (ZIP Code)
<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 /> refened 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$ 44,000;,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 /> $44,000 DK7TE OF EVE[�T DATE
<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 /> O 1993 Bankers Systems,Inc.,St.Cloud,MN(7-800-397-23411 Form AG/CO-DT-NE 10/30/97 ,y+ ��''� ; � '
<br /> \i „ �'r.l x-.:�.,�:
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