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State of Nebraska
<br />Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />nth Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is November 15, „ 2001 and the parties and their
<br />addresses are as follow%ark A. Spotanski 507 -94 -6235
<br />a married person
<br />TRUSTOR: Teresa G. Spotanski Russell D. Roach
<br />a married person a single person
<br />Box 10572 747 RD 609 S. Cleburn St.
<br />Overton, NE 68863 Grand Island, NE 68801
<br />506 -90 -5449 507 -80 -8655
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE:
<br />BENEFICIARY
<br />Ashton State Bank
<br />PO Box 166
<br />Ashton, NE 68817
<br />47- 0095055
<br />Ashton State Bank
<br />PO Box 166
<br />Ashton, NE 68817
<br />47- 0095055
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and
<br />to secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for
<br />the benefit of the Beneficiary, with power of sale, the following described property:
<br />Lot Twenty Eight (28), in West Heights Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />The property is located in ...............Hall ................................... ............................... at
<br />............................ ...............................
<br />(County)
<br />2724 West North Front GrandIsland Nebraska ....68803
<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,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described
<br />above (all referred to as "Property "). The term Property also includes, but is not limited to, any and all water wells,
<br />water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights
<br />associated with the Property, however established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured
<br />by this Deed of Trust at any one time shall not exceed $ �5,. OQO. .0.O ........................... This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges
<br />validly made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances)
<br />made under the terms of this Deed of Trust to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Deed of Trust. Future advances are contemplated and, along with other future obligations, are
<br />secured by this Deed of Trust even though all or part may not yet be advanced. Nothing in this Deed of Trust,
<br />however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />commitment would need to be agreed to in a separate 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
<br />extensions, renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it
<br />is suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Promissory note dated November 15, 2001 with a maturity date of February 15, 2002 in the
<br />amount of $34,400.00 at 9.25% fixed rate interest in the names of Teresa G. Spotanski and
<br />Russell D. Roach.
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<br />State of Nebraska
<br />Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />nth Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is November 15, „ 2001 and the parties and their
<br />addresses are as follow%ark A. Spotanski 507 -94 -6235
<br />a married person
<br />TRUSTOR: Teresa G. Spotanski Russell D. Roach
<br />a married person a single person
<br />Box 10572 747 RD 609 S. Cleburn St.
<br />Overton, NE 68863 Grand Island, NE 68801
<br />506 -90 -5449 507 -80 -8655
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE:
<br />BENEFICIARY
<br />Ashton State Bank
<br />PO Box 166
<br />Ashton, NE 68817
<br />47- 0095055
<br />Ashton State Bank
<br />PO Box 166
<br />Ashton, NE 68817
<br />47- 0095055
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and
<br />to secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for
<br />the benefit of the Beneficiary, with power of sale, the following described property:
<br />Lot Twenty Eight (28), in West Heights Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />The property is located in ...............Hall ................................... ............................... at
<br />............................ ...............................
<br />(County)
<br />2724 West North Front GrandIsland Nebraska ....68803
<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,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described
<br />above (all referred to as "Property "). The term Property also includes, but is not limited to, any and all water wells,
<br />water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights
<br />associated with the Property, however established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured
<br />by this Deed of Trust at any one time shall not exceed $ �5,. OQO. .0.O ........................... This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges
<br />validly made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances)
<br />made under the terms of this Deed of Trust to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Deed of Trust. Future advances are contemplated and, along with other future obligations, are
<br />secured by this Deed of Trust even though all or part may not yet be advanced. Nothing in this Deed of Trust,
<br />however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />commitment would need to be agreed to in a separate 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
<br />extensions, renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it
<br />is suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Promissory note dated November 15, 2001 with a maturity date of February 15, 2002 in the
<br />amount of $34,400.00 at 9.25% fixed rate interest in the names of Teresa G. Spotanski and
<br />Russell D. Roach.
<br />
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