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200403426
<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is Mar _ 30,___2004___ __ __ ___ and the parties and their addresses
<br />are as follows:
<br />TRUSTOR: James W. Ostermeier and Lynell Ostermeier, husband and wife
<br />190 West White Cloud Road
<br />Grand Island, NE 68803
<br />0 Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: United Nebraska Bank
<br />700 North Webb Road /PO Box 5018
<br />Grand Island, NE 68803
<br />BENEFICIARY: United Nebraska Bank
<br />700 N Webb Rd/ P.O. Box 5018 Grand Island, NE 68802
<br />CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure
<br />the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of the
<br />Beneficiary, with power of sale, the following described property:
<br />The South Half of the Southeast Quarter (Sl /2SE1 /4) of Section Twenty (20) in Township Twelve
<br />(12) North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska, EXCEPTING therefrom
<br />that part thereof conveyed to the State of Nebraska by deed recorded in Book 77, Page 30, and
<br />deed recorded as Instrument #92- 104431 of the Deed Records of Hall County, Nebraska.
<br />The property is located in Hall at 190 West White Cloud Road
<br />(County)
<br />- ------------------- - - - - -- ---------- - - - - -- ---------------- - - - - -- Grand_ Island----------- - - - - -- - -- , 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 diversion
<br />payments or third party payments made to crop producers, and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as
<br />"Property "). The term Property also includes, but is not limited to, any and all water wells, water, ditches, reservoirs,
<br />reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property, however
<br />established.
<br />3. MAXIIAUM 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 $ 155_,_00 0 ._0 0 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ This limitation of amount does not include
<br />interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly made pursuant to
<br />this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the terms of this Deed
<br />of Trust to protect Beneficiary security and to peform any of the covenants contained in this Deed of Trust. Future advances
<br />are contemplated and, along with other future obligations, are secured by this Deed of Trust even though all or part may not
<br />yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to make additional or future loans
<br />or advances in any amount. Any such 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 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, maturity dates, etc.) A Promissory
<br />Note dated 03/30/2004
<br />NEBRASKA - AGRICULTURAUCOMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA ORVA USE, ANDNOTFORCONSUMERPUIPOSE,) pagelgL6
<br />EJC e/ � (D 1993 Bankers Systems, Inc., St. Cloud, MN Form AG/CO -DT -NE 3/8/2001
<br />-C164( Nq (0107).02 VM P MORTGAGE FORMS - (800)521 -7291
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