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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> REAL ESTATE DEED OF TRUST
<br /> (With Future Advance Clause) �
<br /> �$Construction Security Agreement �.,
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust is .........O.ctober.4,..1999............. and the parties and their �n
<br /> addresses are as follows: �
<br /> TRUSTOR: STAROSTxA HOMES, INC.
<br /> P.O. BOX 5316
<br /> C��ID ISL�ND, NE 68802-5316
<br /> Taxpayer I.D. #: 47-0760765
<br /> ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br /> TRUSTEE: B�NK OF WOOD RIVER
<br /> P.O. BOX 487
<br /> V�IOOD RIVER, NE 68883
<br /> Ta�ayer I.D. #: 47-0098350
<br /> BENEFICIARY: �K OF WOOD RIVER dba I�R.ITAGE BANK GRArID ISLAI�ID
<br /> O�anized and existing under the laws of the state of Nebraska
<br /> P.O. BOX 5138
<br /> GR�ID ISL�l�ID, NE 68802
<br /> Ta�ayer I.D. #: 47-0098350
<br /> 2. CONVEYANCF. For good and valuable consideration, the receipt and s�ffici�ncy c�f which is acknowledged, and to
<br /> secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br /> benefit of the Beneficiary, with power of sa1e, the following described property: L�OT TWII�'I'Y-SIX (26) ,
<br /> WES'IWOOD PARK FOURTH S[JSDIVISION, IN Ti� CITY OF GRAND ISL�l�ID, HALL COUNTY,
<br /> I�TEBRASKA
<br /> T'he property is located in ..�L............................................................. at ............................................
<br /> (County)
<br /> .......................................................... .....GRAI�ID,ISLAI�ID.................., Nebraska ................................
<br /> (Address) (Ciry) (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. MAXIMiJM 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$ 200�000:00................................ . 'I'his limitation of amount does
<br /> not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly
<br /> made pursuant to this Deed of Trust and does not apply to advances (or interest 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 are 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 DEF'INED. The term "Secured Debt" includes, but is not limited to, the following: i
<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.)
<br /> NEBRASKA-AGRICULTURAL/COMMERCIAL DEED OF TRUST (NO7 FOR FNMA,FHLMC,FHA OR VA USE,AND NO7 FOR CONSUMER PURPOSES) page 1 of 6
<br /> O 1993 Bankers Systems,Inc.,St.Cloud,MN It-800-397-23411 Form AG/CO�[9T-7� 10/3r'0/97 4 i , t
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