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<br /> �' 99 �111286 �, °'
<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 .......No,yember,,22,�,,1999,..,,,,,,, and the parties and their
<br /> addresses are as follows:
<br /> TRUSTOR: ��D L'�� ���� �'S�
<br /> AS HUSBAND AND WIFE AS HUSBAND AND WIFE
<br /> 505 LINDEDT AVIIWE 505 LINDE� AVENUE
<br /> GRAND ISLAND, NE 68801 GRAND ISLAND, NE 68801
<br /> Social Security #: 507-80-8503 Social Security #: 505-88-0114
<br /> ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br /> TRUSTEE: �NK OF WOOD RIVER
<br /> P.O. BOX 487
<br /> WOOD RIVER, NE 68883 :
<br /> Taxpayer I.D. #� 47-0098350
<br /> BENEFICIARY: �K OF WOOD RIVER dba HEftITAGE BANK GRAI�ID ISL�AI�ID
<br /> Organized and existing under the laws of the state of Nebraska
<br /> P.O. BOX 5138
<br /> GRAND ISL�AND, NE 68802 :
<br /> Taxpayer I.D. #: 47-0098350
<br /> 2. CONVEYANCE. For gou�l and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br /> secure the Secured Debt (liereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br /> benefit of the Beneficiary, with power of sale, the following described property: FRP.CTIONAL L�7T SIX (6) ,
<br /> FRACTIONAL IIJT SEVEL�T (7) , AND L�7I' EIGHT (8) , IN FRACTIONAL BI(JCK ELEVE[�T (11) , IN
<br /> JOII�TCK'S ADDITION 'It7 TI-� CITY OF GRAND ISLAND, HALL COL]N'I'Y, NEBRASKA AND THAT PART
<br /> OF FACATID AL,LEY AS SHOWN IN ORDINANCE NO. 7856 FILID SEPTII�IBER 15, 1992 IN Tf-�
<br /> RF�GIS'TER OF D�S OFFICE AS DOC2]MENTT NO. 92-107990.
<br /> Theproperty is located in ..HALL............................................................. at ............................................
<br /> (County)
<br /> 318 320 322..5:..MAPLE GRAND,ISL�ND................... Nebraska .....68801..................
<br /> ......�........c... ... .................... ........... ci ( >
<br /> (Address) ( ry) ZIP Code
<br /> Together with ali 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. MAXIMiTM OBLIGATION LIMIT. The total principal amount of the Securec�l y defined) secured by this
<br /> Deed of Trust at any one time shall not exceed$ ......��..1 d1��:�.�....� . is limitation of amount does
<br /> not include interest, loan charges, commitment fees, brokerage commissions, auorn s' 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 DEFINGD. 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, modificatioris or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br /> you include ite�ns sr+r.h as borrowers'names, note amounts, interest rates, maturity dates, etc.)
<br /> rK7I'E #310217 DATED 11/22/99 B�I'WEF.�T HII�ITAGE BANK GRA�L�ID ISLAND AND LARSON
<br /> C'ONSTUCTION INC. ; ALL RII�TE'f�L.S AND E��TEL�TSIONS T�EOF; ALL FUTURE ADVANC:�S TO
<br /> LAR,SON CONSTRUCTION, INC. AND/OR DAVID AND CATHIIZ__�' LAR.SON; PERSONAL C�,RAN'I'Y
<br /> EXECUI'ID BY DAVID AND CATf-iII2INE LAIZSON DATED 11/22/99.
<br /> .
<br /> NEBRASKA-AGRICULTURAL(COMMERCIAL DEED OF TRUST �NOT FOR FNMA,FHLMC,FHA OR VA USE,AN�NOT FOR CONSUMER PURPOS 7 of
<br /> 01993 Bankers Systems,Inc.,St.Clo�.,d,MN(1-800-397-2341) Porm AG/CO-DT-NE 10/30/97 � . , '� �������� _
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