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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> REAL ESTATE DEED OF TRUST o��
<br /> (With Future Advance Clause)
<br /> ' ❑ Construction Security Agre�ment � , °�
<br /> 1. DATE AND PARTIES.The date of this Deed of Trust is ........��x:.��s�..���$ ..:s���t�c perties,satl tl'i+ei�
<br /> :�ddresses are as follows:
<br /> TRUSTOR: STAROS'I�, HOMES, INC.
<br /> P.O. BOX 5316
<br /> GRAI�ID ISL�AND, NE 68802-5316
<br /> Ta�ayer I.D. #: 47-0760765
<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 /> V�IOOD RIVER, NE 68883
<br /> Tax�ayer I.D. #: 47-0098350 :
<br /> BENEFICIARY: �K OF WOOD RIVER dba E�RITAC� BANK C�2�I�ID ISL,AI�ID
<br /> On�anized and existing under the laws of the state of Nebraska
<br /> P.O. �OX 5138
<br /> GRAI�ID ISL�AI�ID, NE 68802
<br /> Taxpayer I.D. #: 47-0098350
<br /> 2. CnN�'EY.4NC'E_ I'o: �:�oc1 �ne� ��]ua!>?e c�r.�id�ratir�n, the receipt and sufficiency of whicl; is ac'�:n�u�ledaed, and to I_
<br /> secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and selis to Trustee, in trust for the
<br /> benefit of the Beneficiary, with power of sale, the following described property: L+OT 1, 2, 3, 4, 5 & 6,
<br /> COLONIAL ESTATES F'i�1F'•�1'T'FT SLTSDIVISION TO TI� CITY OF GRAND ISL��ND, HALL COLTNTY,
<br /> NEBRASKA.
<br /> Theproperty is located in ..�L............................................................. at ............................................
<br /> (County)
<br /> GRAI�ID ISL�l�ID Nebraska .....68802,-5316.........
<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, 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 /> referred 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. MAXIMLTM OBLIGATION LIl�IIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br /> Deed of Trust at any one time shall not exceed$ 45Q�000;00,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , �is limitation of amount does
<br /> __, nc�inch�dP �rtPrPCt_ 1 an c ar .���y���nt fees brokera¢e commissions attomevs' fees and other chazges validly
<br /> made pursuant to this Deed of Trust and does not apply to advances (or mterest 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 separate :
<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), 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, mat ty dates, etc.)
<br /> I�K7I� DATID 10/14/99 FOR $450,000.00 TO MATURE 10/13/�
<br /> ���J
<br /> �S
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<br /> NEBRASKA-AGRICULTURAL/COMMERCIAL DEED OF TRUST (NOT FOR FNMA,FHLMC,FHA OR VA USE,AND NOT FOR CONSUMER PURPOSES) page 1 of 6
<br /> 01993 Bankers Systems,Inc.,St.Cloud,MN(1-800-397-2341) Form AG/CO-DT-NE 10/3mB�� � � j S - � a; _
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