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<br /> � 99 111287 � N � �
<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,yerriber,,22.4..1999,,,,,,,... and the parties and their
<br /> addresses are as follows:
<br /> TRUSTOR: ��ON CONSTRUCTION, INC.
<br /> 505 LINDEDT AVEN[JE
<br /> GRAND ISLAND, NE 68801
<br /> Taxpayer I.D. #: 47-0766233
<br /> ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br /> TRUSTEE: BANK OF WOOD RIVER
<br /> P.O. BOX 487
<br /> T�IOOD RIVER, NE 68883
<br /> Ta�ayer I.D. #: 47-0098350
<br /> BENEFICIARY: �K OF WOOD RIVER cIl�a HERRITAGE BANK GRAI�ID ISLAI�ID
<br /> Ozganized and existing under the laws of the state af Nebraska
<br /> P.O. BOX 5138
<br /> GRAND ISLAND, NE 68802
<br /> Taxpayer I.D. #: 47-0098350
<br /> 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br /> secure the Secured Debt (hereafter defined), Trustor inevocably grants, conveys and sells to Trustee, in trust for the
<br /> benefit of the Beneficiary, with power of sale, the following described property: L�OT FOUR (4) , WES'Ii�V00D PARK
<br /> FOURTH S[JSDIVISION, IN � CITY OF G��ND ISLAND, HAL�L COLR�I'Y, NEBRASKA.
<br /> Theproperty is located in ..HAL!L............................................................. at ............................................
<br /> (Counry)
<br /> .......................................................... .....GRAND,ISLAND.................., Nebraska .....68801..................
<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. MAXIMUM 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$ 140.�000;00,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , This 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 contempiated 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, maturity dates, etc.)
<br /> $14 0,0 0 0.0 0 NC7I'E OF EVEE[�TT DATE; ALL FUI'CTRE ADVANC�S AND FU'I'[JRE OBLIGATIONS OF
<br /> DAVID L. AND CATHQ�INE M. LARSON.
<br /> r
<br /> NEBRASKA-AGRICULTURAL/COMMERCIAL DEED OF TRUST �NOT FOR FNMA,FHLMC,FHA OR VA USE,AND NOT FOR CONSUMER PURPOSE page 1 of 6
<br /> 01993 Bankers Systems,Inc.,St.Cloud,MN 11-800-397-2341) Form AG/CO-DT-NE 10/30/97
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