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<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />Master form recorded by ____ _ -----
<br />l. DATE AND PARTIES. The date ofihis Deed of - ltust (Security InstrurnenT) is March 17, 2004
<br />----------- - - - - -- -- - - - - --
<br />and the parties, their addresses and tax identification numbers, ifir-quired, are as follows:
<br />TRUSTOR: Roy L Lynn and Sharon L Lynn, husband and wife
<br />521 W 15th St
<br />Kearney, NE 68845
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<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Union Bank and Trust Company
<br />2008 N Webb Road
<br />Grand Island, NE 68803
<br />BENEFICIARY:
<br />Union Bank and Trust Company
<br />2008 N Webb Road
<br />Grand Island, NE 68803
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured, Debt (dcf, cd below" and Trustor's performance un&r tl;:c Sprtirlty 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:
<br />Lot 9, Block 10, Bonnie Brae Addition, City of Grand Island, Hall County,
<br />Nebraska.
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<br />Hall 'File property is located in at 1610 W North Front St
<br />------------------------------------------------------------------------ - - - - -- ------------------------- --- ---------------------------
<br />(County)
<br />--- -- - - - - - - I ------ -- ----- - - - - -- --------- - - - - -- - - -- - - - -- Grand Island- Nebraska -------------------------------
<br />(Address) ("City) (7I}' 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 $ _24,111.00 . 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. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Fixed Rate Promissory Note 889640 dated March 18, 2004 in the amount of
<br />$12,(55.50 and maturing on 031812007.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHPAC, FHA OR VA '1SE) ) (Page t 04' 4)
<br />E..= �t' Q 1994 Bankers Systems, Inc., St. Cloud, M14 Form RE Uf -NE Ii3012002
<br />- CC1165�(�N�E) (0301) VM P M ORTGAGE FORM S - i600)52'I -7291 �'
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