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W <br />..r <br />^i <br />1_d <br />n = <br />n z n <br />rn <br />�c p <br />JV <br />o <br />t--► <br />n cn <br />p —1 <br />�Q <br />Z -1 <br />N <br />13. <br />r <br />. O <br />(= <br />-1 M <br />o <br />M <br />-C p <br />T <br />00 <br />-n <br />M <br />-0 <br />M <br />n CD <br />M <br />W <br />n <br />�v <br />�di <br />cam?' <br />CD <br />CJ9 <br />N <br />State of Nebraska Space Above This Line <br />For Recordinvbata <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 (Security Instrument) is .................. <br />............ , ... <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: L & W PARTNERSHIP, A PARTNERSHIP <br />PO BOX 96 <br />WOOD RIVER, NE 68883 <br />47.0761243 <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 68801.5138 <br />47. 0098350 <br />BENEFICIARY: Heritage Bank <br />110 East 9th Street <br />P.O. Box 487 <br />Wood River, NE 68883 <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: See Addendum for Legal Description <br />Theproperty is located in ..................................... ............................... at ............... ............................... <br />(County) <br />........................... ............................... . ................... ............................... . Nebraska ....................... <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 $ 00, 090-. 04 ........ ............................... . 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. (You must specifically identify the debt(s) <br />secured and you should include the final maturity date of such debt(s).) <br />HERITAGE BANK PROMISSORY NOTE IN THE AMOUNT OF 580,000.00 FOR L & W PARTNERSHIP <br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) eo� Ipag �//4//� ©1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1 /13/99 "✓ <br />