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1. DATE AND PARTIES. The date of this Deed of Trust is .. May ,,,4,,,,2.004,,,,,,,,,,,,,,,,, and the parties and their
<br />addresses are as follows:
<br />TRUSTOR: H & J, L. L. C.
<br />3221 Ramada Rd, Suite 5
<br />Grand Island, NE 68801
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Cedar Rapids State Bank
<br />P.O. Box 158
<br />Cedar Rapids, NE 68627
<br />BENEFICIARY
<br />Cedar Rapids
<br />P.O. Box 158
<br />Cedar Rapids,
<br />State Bank
<br />NE 68627
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and
<br />to secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for
<br />the benefit of the Beneficiary, with power of sale, the following described property:
<br />See Attached Exhibit A.
<br />The property is located in ...................... Ral. 1...G QU. Ut y........................................... at .......... . Z. OQ ...So.UJ;h..13.la.i.ne.........
<br />(County)
<br />.............................................. ..............................I ......... caamd ... la 1. anal.........................., Nebraska .. .......6.H.Q1..................
<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,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described
<br />above (all referred to as "Property "). The term Property also includes, but is not limited to, any and all water wells,
<br />water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights
<br />associated with the Property, however established.
<br />4
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured
<br />by this Deed of Trust at any one time shall not exceed $ .................................. . ..... ,...... . This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges
<br />validly made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances)
<br />made under the terms of this Deed of Trust to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Deed of Trust. Future advances are contemplated and, along with other future obligations, are
<br />secured by this Deed of Trust even though all or part may not yet be advanced. Nothing in this Deed of Trust,
<br />however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />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
<br />extensions, renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it
<br />is suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Note in the names of H &J, L.L.C., Glenn Johnson, & Richard L. Hartman in the
<br />amount of $95,000.00 dated May 4, 2004 with a maturity date of May 4, 2005
<br />with an interest rate of 7.00 %.
<br />NEBRASKA - AGRICULTURAUCOMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page 1 of 6
<br />M ©1993 Bankers Systems, Inc., St. Cloud, MN Form AG/CO -DT -NE 1/30/2002 `
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<br />State of Nebraska
<br />Space Above This Line
<br />For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by ............... ...............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust is .. May ,,,4,,,,2.004,,,,,,,,,,,,,,,,, and the parties and their
<br />addresses are as follows:
<br />TRUSTOR: H & J, L. L. C.
<br />3221 Ramada Rd, Suite 5
<br />Grand Island, NE 68801
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Cedar Rapids State Bank
<br />P.O. Box 158
<br />Cedar Rapids, NE 68627
<br />BENEFICIARY
<br />Cedar Rapids
<br />P.O. Box 158
<br />Cedar Rapids,
<br />State Bank
<br />NE 68627
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and
<br />to secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for
<br />the benefit of the Beneficiary, with power of sale, the following described property:
<br />See Attached Exhibit A.
<br />The property is located in ...................... Ral. 1...G QU. Ut y........................................... at .......... . Z. OQ ...So.UJ;h..13.la.i.ne.........
<br />(County)
<br />.............................................. ..............................I ......... caamd ... la 1. anal.........................., Nebraska .. .......6.H.Q1..................
<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,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described
<br />above (all referred to as "Property "). The term Property also includes, but is not limited to, any and all water wells,
<br />water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights
<br />associated with the Property, however established.
<br />4
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured
<br />by this Deed of Trust at any one time shall not exceed $ .................................. . ..... ,...... . This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges
<br />validly made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances)
<br />made under the terms of this Deed of Trust to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Deed of Trust. Future advances are contemplated and, along with other future obligations, are
<br />secured by this Deed of Trust even though all or part may not yet be advanced. Nothing in this Deed of Trust,
<br />however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />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
<br />extensions, renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it
<br />is suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Note in the names of H &J, L.L.C., Glenn Johnson, & Richard L. Hartman in the
<br />amount of $95,000.00 dated May 4, 2004 with a maturity date of May 4, 2005
<br />with an interest rate of 7.00 %.
<br />NEBRASKA - AGRICULTURAUCOMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page 1 of 6
<br />M ©1993 Bankers Systems, Inc., St. Cloud, MN Form AG/CO -DT -NE 1/30/2002 `
<br />
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