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<br /> � State of Nebraska Space Above This Line For Recording Data p
<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 ........�ri l, 16,...19 99,,,,,,,,,,,,,,, and the parties and their
<br /> addresses are as follows: � �
<br /> TRUSTOR: F & F Land and Livestock, A Nebraska Partnership
<br /> �
<br /> 618 State Street
<br /> Bassett, NE 68714
<br /> ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br /> TRUSTEE: �k 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 HEE2ITAGE BANIC GRAND ISL�i�ID
<br /> Organized and existing under the laws of the state of Nebraska
<br /> P.O. BOX 5138
<br /> C�l�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 followin�described�roperty: Parcel 1: Lot Nine (9) , of
<br /> Holcorrib's Highway Homes, a Subdivision, in the City of Grand Island, Hall County,
<br /> Nebraska.
<br /> Parcel 2: The East Half (El/2) of Section 'I'hirty (30) , Township Thirty 'Itn� (32)
<br /> North, Rarige Eighteen (18) West of the 6th P.M. , Rock County, Nebraska.
<br /> The property is located in ..Hall..County,.&..Rock,.CountY........................ at ............................................
<br /> (County)
<br /> 618_State„St;,,&.,307„Stolley„Pk,,,, ,,,,,Bassett..&,Grand,Isl..,.,,, Nebraska .....68714
<br /> ..................
<br /> (Address) (Ciry) (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$ 160�000,00,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , 'I'his 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 aze 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 sepazate
<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), guazanty(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, maturiry dates, etc.)
<br /> $160,000 note of even date
<br /> NEBRASKA-AGRICULTURAL/COMMERCIAL DEED OF TRUST INOT FOR FNMA,FHLMC,FHA OR VA USE,AND NOT FOR CONSUMER PURPOSESI page 1 of 6
<br /> m 1993 Bankers Systems,Inc.,St.Cloud,MN(1-800-397-2341) Form AG/CO-DT-NE 10/30/97 _a�„
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