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200301823
<br />State of Actual, a Space Above TNR Live 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 Peh 14,_ 2003 --------- and the parties and their addresses
<br />are as follows:
<br />TRUSTOR: Richard Hartman and Patricia Hartman, husband and wife
<br />R R 2, Box 162
<br />Grand Island, NE 68801
<br />0 Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />BENEFICIARY: Union Bank and Trust Company-Grand Island
<br />2008 North Webb Road Grand Island, NE 68803
<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 />Approximately 145.22 acres consisiting of part of the Southeast Quarter of the Northeast Quarter (all/9
<br />F11;1/4) and part of the Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4) and part of the West Half
<br />of the Southeast Quarter (141/2 SEC/4) and the East 13 1/2 acres of the Southeast Quarter of the Southeast
<br />Quarter (SE1/4 SE1 /4), all in Section Thirty two (32), Township Eleven (11) North , Range Nine (9) West of
<br />the 5th. P.M., Hall County, Nebraska. Except Land in Deed Number 200010803
<br />The property is located in ______________ Hall_______________ at 32- _Hall Co
<br />(C ores
<br />Nebraska_____________.
<br />(Address) (Cary) (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 S 14500, 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 Decd 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, arc 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), guararl 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.) SEE ATTACHMENT
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<br />�/&" ©1999 Bal Systal Inc St Cloud MN Form AGICQ DT NE 3/8120X1
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