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<br /> 9 106590 �,
<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST ''•
<br /> Sd'
<br /> (With F�ture Advance Clause)
<br /> ❑ Construction Security Agreement
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .......June,,14,,,1999,,,,,,,,,,,,,,,,,
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: �'Y � �• INC•
<br /> P.O. �OX 578
<br /> GE�i�ID ISLAI�ID, NE 68802 `° '
<br /> T�xpayer I.D. #: 47-0487648
<br /> ❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> acknowledgments.
<br /> TRUSTEE: Bank of Wood River �
<br /> P.O. 498
<br /> Wood River, Ne 68883
<br /> Taxpayer I.D. #: 47-0098350
<br /> BENEFICIARY:BANK OF V100D RIVER dba HERRI'I�GE RANK GFt�rID ISI,Al�ID
<br /> Organized and existing under the laws of the state of Nebraska
<br /> P.O. BUX 5138
<br /> GRAl�ID ISL�AI�ID, NE 68802
<br /> Taxpayer 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 (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 /> pro erty: Ir�t Nine, (9) except the South 2.0 feet thereof, and Lot s One (1) , T7�ree
<br /> (3�, Five (5) , and S�even (7) , in Block Fifteen (15) , in College Addition �to West
<br /> Lawn, in the City of Grand Island, Hall County, Nebraska.
<br /> Theproperty is located in�L............................................................. at ..............................................
<br /> (Counry)
<br /> 2224,North,Broadwell......................... GR�ID ISL�ND............................., Nebraska . 68802.............
<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(ati referred to as "Property").
<br /> 3. MAXIMiJM OBLIGATION LIlbIIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed $3 0 0,,0 0 0,;0 0,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , 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 incuned 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. (When referencing the debts below it is
<br /> suggested that you include items such as borrowers'names, note amounts, interest rates, maturiry dates, etc.)
<br /> $675,000 note dated 6/1�/99 betwee.n Huey Long Co. , Inc and Heritage Bank Grand
<br /> Island. Note matures 5 30/00.
<br /> NEBRASKA-DEED OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA USE) , (page 1 Of 4J
<br /> m 1994 Bankers Systems,Inc.,St.Cloud,MN It-800397-2341) Form RE-DT-NE 10/27/97 �.� S i � ;! �� ;�� i� t y
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