|
1
<br />.JV
<br />M
<br />= y
<br />CD
<br />��
<br />N
<br />ye
<br />m
<br />=
<br />n CA
<br />r�*�,
<br />Z m
<br />(gyp
<br />z
<br />=3
<br />o
<br />T1
<br />c��
<br />©
<br />I
<br />o�
<br />e
<br />C
<br />M
<br />r n
<br />00 C
<br />N
<br />P.
<br />s CD
<br />Cil
<br />-
<br />ry z
<br />0
<br />N
<br />�
<br />o
<br />State of Nebraska
<br />Space Above This Line For Recording
<br />Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />El
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. 'The date of this Deed of Trust is Sep 07, 2004_ and the parties and their addresses
<br />are as follows:
<br />The Kit Co., Inc., A Nebraska Corporation
<br />TRUSTOR:
<br />1904 N Diers Avenue /P.O. Box 1724
<br />Grand Island, NE 68802
<br />0 Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: TierOne Bank
<br />700 North Webb Road /PO Box 5018
<br />Grand Island, NE 68803
<br />BENEFICIARY: TierOne Bank
<br />700 N Webb Rd/ P.O. Box 5016 Grand Island, NE 68802
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure
<br />the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of the
<br />Beneficiary, with power of sale, the following described property:
<br />Lot Four (4), Menard Subdivision, in the City of Grand Island, Hall County, Nebraska
<br />The property is located in Hall at 1904 N Diers Avenue
<br />(County)
<br />Grand Island Nebraska 68803
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all diversion
<br />payments or third party payments made to crop producers, and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as
<br />"Property "). The term Property also includes, but is not limited to, any and all water wells, water, ditches, reservoirs,
<br />reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property, however
<br />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 $ 150, 000.00 . This limitation of amount does not include
<br />interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly made pursuant to
<br />this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the terms of this Deed
<br />of Trust to protect Beneficiary security and to peform any of the covenants contained in this Deed of Trust. Future advances
<br />are contemplated and, along with other future obligations, are secured by this Deed of Trust even though all or part may not
<br />yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to make additional or future loans
<br />or advances in any amount. Any such 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 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.) A Promissory
<br />Note dated 09/07/2004
<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 />Uc/ L— `01 993 Bankers Systems, Inc., St. Cloud, MN Form AG /CO -DT -NE 3/8/2001
<br />-C164(NE) (0107).02 VMP MORTGAGE FORMS - (800)521 -7291
<br />
|